Posted by Steven Nelson
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.

The county assessor has the property tax values for next year and has already released them. They say MVWSD's valuation rose 7%.