District Office
T 650.526.3500
1400 Montecito Ave.
Mountain View, CA 94043
October 9, 2023
Dear Honorable Mayor Hicks and Councilmembers,
Thank you for including the Amendment to Education Enhancement Reserve Joint Powers Agreement (EER JPA) on the Council agenda on Oct.
10. These annual payments bene
fit our students and provide crucial
programs and services.
As we embark on the negotiations of a long-term agreement for Shoreline, the assurances that the City is providing about the continuity of the current Minimum Payment and Adjustment Payment gives the Santa Clara County Superintendent of Schools the information they need to deem our budget is
fiscally solvent. We appreciate your support so that
MVWSD can avoid any negative budgeting consequences.
Additionally, this agenda item gives us the opportunity to provide background information related to MVWSD’s budget and funding.
Stated in the Proposed EER Agreement Amendment Council Report:
“Because MVWSD property tax revenue assumptions are typically very conservative (well below the City’s property tax assumptions and MVWSD’s own actuals), potential projected impacts of MVWSD not being able to include future EER Agreement payments in its revenue forecasts may not come to pass.”
It is important to note that MVWSD draws from a very di fferent tax base.
MVLA has a larger catchment area (Mountain View, Los Altos and Los Altos Hills) and draws from a tax base of 71% residential (compared to 51% in MVWSD). Therefore, 1% of increased valuation nets much more revenue in MVLA than it does in MVWSD. In dollars, this means $644,000 for MVWSD and a little over $1 million for MVLA.
A foundation of excellence. A future of achievement.TM mvwsd.org Attachment 2
District Office
T 650.526.3500
1400 Montecito Ave.
Mountain View, CA 94043
In order to recoup the value of Shoreline funding through tax revenue, we’d need 9% AV growth in addition to the 3% that we have already budgeted (total of 12%). Currently our Assessed Valuation is 2.52%, and we do not anticipate such growth to occur over the coming year.
Again, we appreciate your attention to this matter and for helping to attest to our District’s solvency through partnership with the City on Shoreline. We look forward to future discussions about the annual Shoreline payments.
Sincerely,
Laura Ramirez Berman
President, Mountain View Board of Trustees
Cc: Kimbra McCarthy, City Manager
A foundation of excellence. A future of achievement.TM mvwsd.org