New $376M Irvine property tax to upgrade aging IUSD schools

[eyephone]

I'm not a big fan of bonds. (Extra taxes)

 

[eatthis]

Why can't IUSD do the same thing will all the new TIC villages? Just add $300M-500M bonds to Eastwood, PS III-V, OH Neighborhood 3&4, GP later phases etc...

The way things are going MR is going to supplant mortgage as the biggest cost to home ownership in Irvine.

 

[AW]

2% tax + MR will be the norm.  So sad.

 

[gasman]

So I guess the Legacy/Greenwood schools are going to be cutting edge futuristic from all those MR funds that haven't been spent at VoC.

Maybe qwerchete's kids will be riding TUSD funded hoverboards to school.

LOL...no chance.  Middle + HS budget for TUSD = $80-ish million.

Portola HS construction budget almost $300M.

Boom.

 

[irvinehomeowner]

I remember when I looked up the TUSD bond for Columbus Square it was $5k a year for one house.

How many homes are there in CS?

 

[Irvinecommuter]

2% tax + MR will be the norm.  So sad.

1)  Prop 13 caps property taxes at 1%

2)  Prop 13 have lead to a substantial drop in school quality in California.  MRs are what differentiate schools in rich neighborhoods from poor ones.
http://www.bloomberg.com/news/artic...as-proposition-13-tax-cap-breeds-fiscal-chaos

 

[woodburyowner]

What I really don't understand is how other states are able to build/maintain schools with their property taxes.  Sure, prop 13 may cap the annual increase, but the base price of properties in CA are a lot higher than other states.  Do things in this state really cost multiples more than in other states?  The numbers just don't seem to add up..

 

[qwerty]

What I really don't understand is how other states are able to build/maintain schools with their property taxes.  Sure, prop 13 may cap the annual increase, but the base price of properties in CA are a lot higher than other states.  Do things in this state really cost multiples more than in other states?  The numbers just don't seem to add up..

You gotta take care of the pensions first.

 

[Ready2Downsize]

Well for one thing some states pay their teachers absolutely horribly and don't buy text books and make the teachers pay for the paper to Xerox everything............ calling my daughter..... please drop the AZ teaching job you had to take when the economy was bad and come back to Cali.