Town Hall Meetings December 2017 SMFCSD has been Chronically - - PowerPoint PPT Presentation

Town Hall Meetings

December 2017

SMFCSD has been Chronically Underfunded

• The San Mateo – Foster City School District is a Chronically Underfunded

District – similar to other Districts in our County and State

2015-16 General Fund Revenue Per Student*

Elementary Districts San Mateo County Fund 1 Revenues Per Student Above/(Below) State Average Woodside Elementary 26,899 15,468 Portola Valley Elementary 23,956 12,525 Las Lomitas Elementary 18,799 7,368 Hillsborough City Elementary 18,017 6,586 Brisbane Elementary 17,019 5,588 Ravenswood City Elementary 15,924 4,493 Menlo Park City Elementary 15,638 4,207 Redwood City Elementary 12,627 1,196 Bayshore Elementary 11,962 531 Statewide Average 11,431

• San Carlos Elementary

11,301 (130) Jefferson Elementary 10,916 (515) San Mateo-Foster City 10,740 (691) Burlingame Elementary 10,618 (813) Belmont-Redwood Shores Elementary 10,616 (815) San Bruno Park Elementary 10,327 (1,104) Pacifica 10,070 (1,361) Millbrae Elementary 9,990 (1,441) *Source: Ed Data

Statewide Comparison

• Presently Funded at the 2007-2008 Level
• 46th in the United States

SMFCSD is Experiencing Cost Escalation

The cost of doing business is escalating:

• Materials
• Technology
• Utilities
• Pension costs

PERS and STRS Contribution Rates

PERS STRS STRS

Cost of STRS/PERS Increases

16/17 17/18 18/19 19/20 STRS 1,364,180 $ 1,376,350 $ 1,466,890 $ 1,552,446 $ PERS 220,100 $ 383,164 $ 371,564 $ 393,897 $ Total 1,584,279 $ 1,759,515 $ 1,838,454 $ 1,946,342 $

Measure Y

• The loss of the parcel tax has resulted in a decrease in revenue of $7 million

per year

SMFCSD is Operating with a Structural Deficit

• One Time Revenues Don’t Last

Ending Fund Balance

• One time funds earmarked for certain programs or services
• Due to the Structural Deficit, these funds are presently off setting on-going

costs

• By 2019-2020 the Ending Fund Balance is projected to have dropped from

$64 million to $31 million

High Cost of Living

Ed Foundations and Parcel Taxes

• Many Districts have overcome their Structural Deficits with Outside

Partnerships, Education Foundations and Parcel Taxes

2016-17 Local Parcel Tax Rates

School D Distric rict Total Per P Parcel Charges BAYSHORE ESD MEASURE Y 156,983.50 102.94 BELMONT RWD SHRS SCH COMB PTAX 2,100,354.00 174.00 BRISBANE SD MEAS W & Q PARCEL TAX 936,768.00 287.00 BURLINGAME ESD MEAS B PARCEL TAX 2,114,560.00 256.00 CABRILLO USD MEAS B 1,667,400.00 150.00 HILLSBRO ESD TAX 2,234,541.68 651.28 JEFFERSON UHSD MEAS Y PARCEL TAX 2,130,660.00 60.00 LA HONDA PESC SCH MEAS N 2013 199,100.00 100.00 LAS LOMITAS ESD SP TAX 1,210,101.00 311.00 MENLO PARK ESD MEASURES 6,874,041.60 874.56 PACIFICA SCH DISTRICT MEASURE N 1,308,148.00 118.00 PVSD PARCEL TAX 1,195,116.96 581.00 RAVENSWOOD MEASURE B PARCEL TA 579,278.00 98.00 RAVENSWOOD MEASURE M PTAX 579,278.00 98.00 RWC ESD MEASURE W PARCEL TAX 1,558,554.00 67.00 SCSD MEASURE A11 & B09 PARCEL TAX 2,242,580.40 246.60 SM FCSD MEASURE B 1991 PTAX 3,558,320.34 104.42 SMFCSD MEASURE A 2010 PTAX 7,153,443.84 209.92 WOODSIDE ESD SPCL TX 303,504.02 289.12 Avera rage p parc rcel t tax ra rate 281.11 $

Overcoming the Deficit in SMFCSD

• Three areas of Focus:
• Efficiencies
• Enhancements
• Parcel Tax

Questions for the Table Talk

• Are there efficiencies that you would suggest?
• Are there enhancements that you would suggest?
• What would you support in a parcel tax?
• Attract and Retain Staff
• General Support
• Academics – Science, Math, Tech
• Specialized Programs – Music, Art, Libraries, PE
• Other?
• How much? How long? Which election?