San Ramon Valley School District – How To Pay for The Annual Growth Rate
In the past six years the San Ramon Valley School District has seen a 4% growth rate of new students, which equates to approximately 1,000 students a year. In order to facilitate this type of growth there is concern as to how in the current economic situation the school district can keep up with the costs of expansion, avoiding student overcrowding and provide the students with a quality education.
Due to the current economic condition with lower home values, comes lower taxes collected to support not only the growth but staying on the leading edge with technology and avoiding overcrowding in the schools. Right now some students are being diverted to a school that may be not be the closest one to where they live. One area in particular is the Gale Ranch/Windemere schools.
One way to address this situation is a bond, which is currently being proposed and studied. The dollar amount suggested is $190 to $230 million and the results to homeowners would be about $20 to $30 per $100,000 of assessed property value. This would be over a 25 year period.
The measure will be put to a vote probably June 5th. More information will be forthcoming over the next few months.
Source: San Ramon Patch
Filed under: Community Events
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