Cuts in education funding by the State mean a reduction in our school district budget of nearly $9 million; coming on top of cuts made last year of $2 million. Unlike the state, our school district balances its budget every year. Unlike the state, our school district traditionally carries a healthy "rainy day" reserve. But due to the dysfunctional state finance system, halfway through the budget year in which we've already incurred expenses for our programs, the state is taking away over $4 million. There goes our reserve, plus more cuts required for next year.
I am outraged that the lack of fiscal responsibility on the state's part will have such a devastating impact on our excellent school system - the very school system that attracts residents to Pleasanton in the first place and continues to provide stability in our property values. Pleasanton needs a local school funding measure to provide a more reliable source of revenue. A parcel tax, combined with some cuts and thoughtful compromises, will get us through the next few difficult years and enable us to provide the quality education that our children need, and our community demands.