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Argument Against Measure Z
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Elections June 2016
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Argument Against Palo Alto Unified School District $460M Bond – Measure Z
In 2008, just 10 years ago, voters in the district passed a $378M bond measure to do the following:
“to accommodate enrollment growth”.
But, enrollment declined down to 12,287 (2016-17 school years).
Guess their crystal ball was in the shop for repairs.
Now they want to “provide classrooms/labs supporting science, technology, and engineering”. None of which they appearing provide today?
Everyone knows, especially in Silicon Valley, that technology today will be obsolete in 5-6 years, or sooner.
So, who in their right mind would buy technology, on credit, i.e. via a bond, and pay it off over 25-30 years? No one right?
Answer: except you, if you vote for Measure Z.
The technology that the district previously bought over the years, with bond money, is undoubtedly already been recycled, but the payments, that you’re still paying for, will continue on for decades.
Vote NO on Measure Z to stop this fiscal insanity.
The district wants to spend $460M to help 12,287 students at a cost of $37,437 per student plus the ADA funds of $19,334 per student that they get every year.
Seriously, that’s a lot of money. But, that $460,000,000 has to be paid back, and that will likely double the cost with interest and principle payments.
ADA spending per student is 158% of the California average, so they clearly already have more than enough funds to provide everything this bond measures promises to provide, but without this whopping big tax increase.
Just say NO to fiscal insanity, vote NO on Measure Z