PUSD says the reserve fund will have $68,000 at fiscal year end. PUSD has approved new authority for $15M of tax anticipation revenue notes (borrowing from the future). The federal stimulus package has over $8M in funds coming into PUSD. PUSD has established a $1.2M revolving loan with the City of Pleasanton. The state of CA is now projecting a $24 billion state budget deficit. Propositions 1A and 1B were defeated. All of this is new since the parcel tax was approved for the ballot.
The net effect is that PUSD's revenues are expected to be far less than thought when the parcel tax was approved. The promises of Measure G are extremely suspect at this time.
The real question to be asking is:
How will class sizes stay small even IF the parcel tax passes?
More importantly....How will any of the promises of Measure G be sustained in light of the projected revenue reductions?
PUSD and Save Pleasanton Schools Committee has refused to answer any of these questions until after June 2. This behavior deserves a resounding defeat of the parcel tax. There is no plan in place that rationalizes more taxes at this time. Wrong Tax at the Wrong Time. No on G.