For the 2014 Alameda General Election, we endorse the following positions and candidates.
AUSD Tax Bond Measure
We urge you to vote ‘no’ – no more student debt!
The school district still owes more than $170 million on the Measure C bonds from 2004, which were issued despite the objections of upstanding citizens who questioned the wisdom of issuing $63 million in bonds that translate into $176 million in debt obligations for Alameda families. The repayment plan for this outrageous ‘student loan’ runs into the year 2036! Today’s students will be re-paying this debt long after they graduate.
You see this debt expense on your tax bill, under ‘Voter Approved Debt – school unified.’
Rather than help Alameda students, each bond measure that AUSD asks for adds a crushing debt burden to their families, and to their future! See the consolidated repayment schedule spreadsheet, showing the annual debt service that AUSD will have to fund, peaking at over $16 million in a single year.
AUSD has *17 school campuses* for less than 10,000 students. Rather than asking Alameda students and their families to take on more debt, AUSD needs to consolidate its facilities.
[Read more about the notorious capital appreciation bonds like AUSD used in Measure C, here.]
To make matters worse, AUSD began giving away valuable property, to developers, refusing to do any property appraisals, in the middle of the facilities master plan process.
Alameda City Council
Alameda Unified School District Board of Trustees
It’s time for Mike McMahon to go…he’s done too much damage to Alameda schools and children in his multiple terms… For example, Mike McMahon approved the Measure C bonds, which have ballooned from $63 million in debt to $176 million.
Alameda Health Care District