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MPCSD - Funding Gap with New Stanford Development

From: domainremoved <Emily>
Date: Thu, 1 Mar 2018 15:58:09 -0800

*Dear City Council Members,As a parent and taxpayer in the Menlo Park City
School District, I am writing to express my support for Councilmember
Mueller’s suggestion that the city give $1 million of its ERAF surplus to
MPCSD as mitigation for the cost - estimated at $663,000 annually - of the
increased school enrollment expected from the Stanford housing development.
As a community funded district, MPCSD does not receive any additional
revenue when it receives additional students; the district’s primary source
of funding is property taxes, and Stanford is exempt from property taxes as
a non-profit institution. We feel that if the City has a way to help
mitigate the gap in funding between what residential units built by a
tax-paying developer would generate for the school district, and the
one-time donation that Stanford made as a gesture towards filling that gap,
the City should not let this opportunity pass. With a $1 million gift, put
into endowment along with Stanford’s gift of $1.5 million, the school
district will be on track to annually generate 60% of the cost of educating
the Stanford development’s students, bringing it on par with what typical
housing developments generate.Please consider giving MPCSD a $1 million
gift so that when the new students arrive, as they surely will, the
district will be equipped with the resources to educate them. We all
appreciate the value that an excellent school district adds to our vibrant
community, and with your foresight and help, we can maintain the quality
that we all expect.Sincerely,Emily RecordParent of Student at Oak Knoll

Emily Record
Mobile: 203-293-5652
Email: erecord47_at_(domainremoved)
Received on Thu Mar 01 2018 - 16:00:44 PST

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