$2 million. That's about the value of a single house.
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I mean, they could just literally build some houses on top of some district land and then sell them or rent them.. and then they'd have land rents that could... I dunno!
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Do any of these Bay Area schools/school districts get private support/donations from these boom firms to make up for these losses?
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Voluntary, supplemental contributions became a huge part of how wealthy districts have funded extracurriculars since the passage of Prop. 13 in 1978. It is, of course, extremely inequitable. http://www.ppic.org/content/pubs/report/R_1015MWR.pdf …
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Would welcome thoughts from you or others about the hypothesis that this problem, like many other big problems, derives in great part from our dysfunctional housing market, and the crash in real estate assessor values. http://www.centerforpubliceducation.org/Main-Menu/Public-education/Cutting-to-the-bone-At-a-glance/Cutting-to-the-bone-How-the-economic-crisis-affects-schools.html …
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I just generally think the California system is designed to allow land/property owners to hoard disproportionate rents/% share of economic growth and since property tax is a primary mechanism for funding education... well... there you go.
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How did pensions end up in this state?
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Falling enrollment doesn’t help. Prop 13 is less of a factor since Berkeley is not a basic aid district.
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Berkeley has sqft parcel taxes because it can't raise ad valorem property tax rates. Of course prop 13 is a big factor.
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