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Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Findings and Recommendations
1 findings
CABs shift large, compounding interest costs to future taxpayers and will inevitably compound the burdens school districts face in operating effective schools for their students in the future. We agree that CABs do produce compounding interest costs for future taxpayers, but also believe that CABs can be an effective tool for financing school construction, if used responsibly. As the Grand Jury report reveals, Moreland's two recent CAB issuances have some of the lowest debt service to principal ratios of any CABs issued in Santa Clara County since 2007. Moreland will not issue a CAB prior to the final resolution of AB 182, pending in the legislature.
Related Recommendations (1)
Each school district in Santa Clara County should adopt a Board policy and any necessary administrative regulation indicating its intent to comply with the moratorium called for by the State Treasurer and the State Superintendent of Public Instruction. The Moreland School District has heeded the advice of the State Treasurer and the State Superintendent of Public Instruction, and does not intend to issue CABs at this time. We will await the disposition of AB 182, which will likely be passed by the legislature and BOARD OF TRUSTEES LORI BOOROOJIAN · JULIE REYNOLDS-GRABBE · HEATHER SUTTON · ROBERT VARICH · KAREN WHIPPLE 4711 CAMPBELL AVENUE · SAN JOSE, CALIFORNIA 95130 (408) 874-2901 · FAX (408) 374-8863 signed by the Governor in the very near future. At that time, we will decide if it is in the District's best interests to issue CABs, or another type of bond. Once the new law is in place, the District will adopt new Board policies and/or administrative regulations in accordance with the new law. Sincerely, 5000007/c L'ori Booroojian, PresidentBoard of Trustees Moreland School District BOARD OF TRUSTEES LORI BOOROOJIAN · JULIE REYNOLDS-GRABBE · HEATHER SUTTON · ROBERT VARICH · KAREN WHIPPLE 4711 CAMPBELL AVENUE . SAN JOSE, CALIFORNIA 95130 (408) 874-2901 · FAX (408) 374-8863
No Responses Found
1
Government entities assigned to respond to this report. No response documents have been linked in our database.
