School district discusses financing repairs
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Angelique Flores
HUNTINGTON BEACH -- The Huntington Beach City School District could
present a plan to pay for school repairs to the school board within the
next month. The financial plan may include asking voters to approve a
bond issue.
The school board met Tuesday night to discuss a recent telephone survey
that shows strong voter support for a bond. More than 70% of the
respondents asked by Price Research indicated they would support a hike
in property taxes to finance a school bond.
The district needs about $56 million worth of repairs and upgrades at its
schools, officials estimate. The board of trustees is looking at a
framework of plans that includes five major sources of funding -- state
money, a bond issue, teaming up with other districts on a joint-use
facility, placing portable lockers at Dwyer Middle School and getting
long-term leases from tenants at school sites.
The district is eligible for $21 million in state money, but it must
match it with $4.2 million of its own money to get it, officials said.
One ways to secure those funds is through a bond. The bond would cost
taxpayers $13.05 a year per $100,000 of assessed value of a home.
Property-tax payers would pay the extra money for 30 years.
“I’ll continue to recommend to the board that we need to do this,” Supt.
Duane Dishno said. “It’s the only way -- in conjunction with other things
-- that we can do this.”
Another source of funding would be the savings from a joint-use
maintenance and transportation facility that would be shared with
Huntington Beach Union High School and Fountain Valley School districts.
Officials estimate that it would save the district $2 million.
One of the district’s upgrades include installing new lockers at Dwyer.
Putting in portable instead of permanent locker structures could result
in another $1 million in savings, officials said.
Long-term lease revenue from the Burke and Gisler sites is the last
source of funding the district is considering. The two sites are now
leased on a yearly basis. The district is hoping to get five- to 10-year
leases and may raise the rent. Current lessees -- National Pediatrics
Child Care, the Japanese Language School and Brethren Christian -- have
indicated interest in long-term leases at the sites.
The board will meet in June to further discuss plans.
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