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City Council Agrees – PUSD is broke

Original post made by tax revolt 2, Country Fair, on Apr 23, 2009

The City Council voted 4-0 confirming that PUSD can't pay $800,000+ on an annual debt payment. The City will bailout PUSD with a $1.2M revolving loan.

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Comments (5)

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Posted by Stacey
a resident of Amberwood/Wood Meadows
on Apr 24, 2009 at 8:20 am

Stacey is a registered user.

I didn't have a real opinion on the City loaning money to PUSD, but I wonder why the District can't just sell the Neal property to pay off their debt?


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Posted by Phil
a resident of Bordeaux Estates
on Apr 24, 2009 at 8:41 am

This is good coverage of this event.

Stacey does it seem wise to sell a future school site if the housing cap is about to be overturned. Build more houses on that site and a few thousand more elsewhere in Pleasanton and were do the kids will go to school. With the shortage of sports fields where will all of those new teams play?

I would be willing to bet that Signature properties would be happy to take that site off the districts hands in exchange for the legal fees. Gee do you think that was the plan all along???


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Posted by Stacey
a resident of Amberwood/Wood Meadows
on Apr 24, 2009 at 8:45 am

Stacey is a registered user.

Phil,

Then why did the District never build the school? Why did they sell Sycamore then?

If houses get built on the Neal site, voila, there's developer fees.


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Posted by Scott Walsh
a resident of Pleasanton Valley
on Apr 24, 2009 at 9:03 am

We do not need more houses right now because develoment fees aren't sustained--we need a variety of "sustained" revenue streams to counteract the "bad times". Hotel tax, property tax is down, new busineeses coming to Pleasanton are few. The City Economic Team should be working in "overdrive" right now coming up with new innovative ideas. As I understand it, they, Pam Ott and folks are also "Special projects" people. Other cities are out-recruiting us for those new businesses who are looking for a place to settle. Then we also shoot ourselves in the foot with referendums and lawsuits. Go figure.


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Posted by John
a resident of Birdland
on Apr 24, 2009 at 4:46 pm

Try to build anything and the people of Pleasanton will start to cry about growth, traffic, and everything else. School dist. sells the land to help with funds and everyone will say no we do not want more homes. Yet they do not want a parcel tax. Seems to me like the school dist. and the city can't win in this town. If you think that people are not trying as hard as they can then you do not know these people.


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