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School district considers tax measure that city fears could jeopardize housing growth

Original post made on Mar 9, 2022

Plans for housing growth have local education leaders searching for ways to fund new schools. However, the city is warning that one of the methods Mountain View Whisman has been contemplating could halt new construction in its tracks.

Read the full story here Web Link posted Wednesday, March 9, 2022, 1:02 PM

Comments (4)

Posted by SRB
a resident of St. Francis Acres
on Mar 9, 2022 at 3:48 pm

SRB is a registered user.

Does MVWSD's bonding capacity include North Bayshore (Special Tax District)?

Posted by Steven Nelson
a resident of Cuesta Park
on Mar 9, 2022 at 4:09 pm

Steven Nelson is a registered user.

Neither the MVWSD spokesperson or the MVWSD Chief Administrative Officer are urban planners or financers. Neither has any type of recognized credential in this field (California government facilities financing). The $1.5 B is a made-up 'highball' number, using the least astute possible guesstimate.

Apparently the Administration thinks this is the way 'to play HARD ball' with our city government, and the potential developers and buyers of these residential properties.

PUBLIC POLICY is the responsibility of a Majority of the School Board. Three (3) is the magic number. I have heard Trustee Ellen Wheeler, in public, say she was a NO Vote on this type of tax.

Please write to Trustees@MVWSD.ORG to express your opinion as a member of the wider MV community. Consultants reporting to this administration should not set public policy. (In My Opinion)

best of luck, (I own a residence outside of of any proposed new tax area)
a retired former school board member

Posted by Steven Nelson
a resident of Cuesta Park
on Mar 9, 2022 at 4:19 pm

Steven Nelson is a registered user.

@SRB. Darn tootin! The last several regular School Bonds are taxing all the new buildings in North Bayshore at the same Assessed Valuation rate as all the other properties (residential and commercial) within the MVWSD boundaries. As soon a Google buys or builds a new building - and it goes on the Santa Clara County tax roles - MVWSD starts to get extra revenue!

[for gov. financing wonks]
North Bayshore (Special Tax District) only permanently diverts the base general property tax. (and MVWSD get a fraction of that 'shared' back /five-yr by five-yr)

Posted by LongResident
a resident of another community
on Mar 10, 2022 at 10:30 pm

LongResident is a registered user.

It's not EXTRA tax revenue. It's reduced collection rates across all the other valuations. All this new incremental taxable value is reducing the rate per $ of assessed valuation. What it means is the district is using a lower and lower fraction of its assessed valuation to pay off existing bonds. The thing is that a new bond measure has to be levied to retrieve capital to use for building.

The city should mount an education campaign to just urge the public to DEFEAT any Mello Roos taxes. They are a bad idea and not even needed! What's really wacky is to limit the geography that is subject to the proposed new Mello Roos tax. MVWSD really does NOT KNOW where new school construction will be needed in advance of population growth. A whole lot of growth is likely outside the area they are targeting for the Mello Roos tax. Who pays for those new facilities? Properties throughout the whole district, that's who.

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