Read the full story here Web Link posted Friday, July 1, 2022, 1:47 PM
Town Square
Mountain View Whisman takes an 'extremely conservative' approach to its budget, planning three years of deficit spending
Original post made on Jul 1, 2022
Read the full story here Web Link posted Friday, July 1, 2022, 1:47 PM
Comments (2)
Posted by Steven Nelson
a resident of Cuesta Park
on Jul 1, 2022 at 6:39 pm
Steven Nelson is a registered user.
a resident of Cuesta Park
on Jul 1, 2022 at 6:39 pm
Steven Nelson is a registered user.
What I have found 'socially disturbing' about the excess reserves at MVWSD is that they have more often than not - been increased by underspending on instructional programs for "most needy" students. Maybe this will taper off?
By continually underestimating the property tax revenues (compounded by 3 years) 'the sky is falling, or gonna fall' seems to be the current Board's cry. It never happens - the MVWSD uses under-projection compared to the City of Mountain View. Wheeler still dosn't get the numbers - the goal is a 17%-20% Reserve / because that doesn't buy instruction - it just gets less than 1% interest from the County. [the district had to sign a special letter - again - on why they are socking away such an excess!]
All regular districts have a state mandate 10% max (Education Code (EC) Section 42127.01(e). Santa Clara - a district like ours, has Bd.Policy of 10% total (BP 3100.1).
Posted by LongResident
a resident of another community
on Jul 3, 2022 at 2:06 pm
LongResident is a registered user.
a resident of another community
on Jul 3, 2022 at 2:06 pm
LongResident is a registered user.
The county assessor has the property tax values for next year and has already released them. They say MVWSD's valuation rose 7%.
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