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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
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@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    Kim-Mai Cutler‏Verified account @kimmaicutler 10 Feb 2018
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    Always a nice feeling when you realize that school districts throughout the Bay Area are having to make millions of dollars of cuts *in an economic boom* because of deep, structural pension liabilities plus inadequate property tax revenue from Prop. 13.http://www.berkeleyside.com/2018/02/09/berkeley-school-board-poised-slash-nearly-2-million-next-years-budget/ …

    12:38 PM - 10 Feb 2018
    • 42 Retweets
    • 125 Likes
    • Mike Chen 陳懋華 Bob Ippolito giulio rospigliosi Ben Golder Smerity Swati Mylavarapu Charlie Cheever Bex 🌹 🍳🦋💋America is using COVID for genocide
    16 replies 42 retweets 125 likes
      1. New conversation
      2. Louis Gray‏ @louisgray 10 Feb 2018
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        Replying to @kimmaicutler

        $2 million. That's about the value of a single house.

        1 reply 0 retweets 1 like
      3. Kim-Mai Cutler‏Verified account @kimmaicutler 10 Feb 2018
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        Replying to @louisgray

        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!

        2 replies 1 retweet 7 likes
      4. 1 more reply
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      2. Michael Nardi‏ @iPublicPolicy 10 Feb 2018
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        Replying to @kimmaicutler

        Do any of these Bay Area schools/school districts get private support/donations from these boom firms to make up for these losses?

        2 replies 0 retweets 0 likes
      3. Kim-Mai Cutler‏Verified account @kimmaicutler 10 Feb 2018
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        Replying to @iPublicPolicy

        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 …

        2 replies 1 retweet 14 likes
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      2. Scott Littlehale‏ @FactChecker23 10 Feb 2018
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        Replying to @kimmaicutler

        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 …

        1 reply 0 retweets 1 like
      3. Kim-Mai Cutler‏Verified account @kimmaicutler 10 Feb 2018
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        Replying to @FactChecker23

        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.

        1 reply 0 retweets 1 like
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      2. Watson Ladd‏ @WatsonLadd 10 Feb 2018
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        Replying to @kimmaicutler

        How did pensions end up in this state?

        1 reply 0 retweets 0 likes
      3. Kyle Huey‏ @khuey_ 10 Feb 2018
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        Replying to @WatsonLadd @kimmaicutler

        http://www.latimes.com/projects/la-me-pension-crisis-davis-deal/ …

        1 reply 0 retweets 2 likes
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      2. Henry Fung‏ @calwatch 10 Feb 2018
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        Replying to @kimmaicutler

        Falling enrollment doesn’t help. Prop 13 is less of a factor since Berkeley is not a basic aid district.

        1 reply 0 retweets 5 likes
      3. Ian Monroe Voting Yes On Prop 15‏ @eean 11 Feb 2018
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        Replying to @calwatch @kimmaicutler

        Berkeley has sqft parcel taxes because it can't raise ad valorem property tax rates. Of course prop 13 is a big factor.

        0 replies 0 retweets 0 likes
      4. End of conversation

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