Home values are based in part on the value buyers place on the community - whether the community that they're buying into serves to be beneficial or detrimental to their investment. I believe that if Measure E passes, the Pleasanton community will be seen by potential home buyers as a community that is just acepting bad financial judgement by the local government, and expect even higher taxes in the future.
Let's put some numbers around this. The parcel tax is $98 per year for four years, for a total tax of $392, and a total city tax of $8 million. At the same time district personnel will receive automatic raises of $15 million. So the $392 will not even cover the raises and we will dig our whole deeper with the existing financial policies. We will have to lay off all new and energenic teachers. Potential home buyers in the community know that the parcel tax will not even cover the raises so the district will be back real soon with an even higher tax, just to pay the raises; with no new programs added. These potential home buyers in the community know the existing community supports additional taxes, no matter if the data shows the tax will not save the programs. They figure that when there is a higher tax request from the district in a couple of years, that will be approved by the same people. Some sombody purchasing a home after Measure E passes knows that their taxes will keep increasing in Pleasanton, even if just there to pay for raises of district personnel.
Accordingly, I have voted No on E and encourage all of you in the community to do the same.
There are other problems with Measure E that are being debated elsewhere. In my opinion they alone are well worth a No vote.