Today, September 6, 2017, the State Allocation Board (SAB) met to take action on School Facility Program (SFP) funding apportionments. The Board approved this item which provides approximately $443.6 million in SFP apportionments for 135 projects from 70 school districts. These are projects on the Unfunded List (Lack of AB 55 Loans) that have submitted priority funding requests and were eligible for apportionment.
CASH submitted a letter to the Board which raises an objection to the Office of Public School Construction (OPSC) using 2012 grant amounts for the projects being apportioned in September 2017. CASH believes that the traditional SAB policy of using the grant amounts at the time of apportionment should be retained, which ensures that hardship districts and districts that could not move projects forward and are awaiting state matching funds, will not face fiscal difficulties from construction cost escalation between the date of their application and the date of apportionment. The SAB chose to use the 2012 grant amounts, and CASH believes that school districts with projects on the September 6, 2017 SAB agenda should have the opportunity to appeal to the SAB if they believe they are being harmed. This appeal process should be similar to the “do-no-harm” appeal policy adopted by the SAB when the Board adopted Option 1 at the June 5, 2017 Board meeting.
~ CASH Staff
September 5, 2017
The CASH Facility Planners Meeting Update for September 2017 is now available and includes information regarding:
- Proposition 51 Update
- Legislative Update
- Upcoming Networking Mixers
Click here to download the Update
~ CASH Staff
August 24, 2017
On August 23, Don Ulrich, Deputy Superintendent of the Clovis Unified School District and Chair of the Coalition for Adequate School Housing, joined education officials from the California School Boards Association, the Association of California School Administrators and other education focused organizations at a press conference on the West Steps of the State Capitol to urge the Legislature and the Governor’s administration to increase the speed and size of school construction bond sales.
In November last year, voters passed Proposition 51 authorizing the state to sell $9 billion in school facility bonds to help address the accumulated multi-billion-dollar backlog in K-12 construction projects waiting on state funding and to help chip away at the projected K-14 future facility’s needs. Nearly a year later, the state has only authorized approximately $400 million in bond sales for 2017.
Following is a published opinion editorial that was in the Sacramento Bee on August 23, 2017. This states the CASH position on selling school bonds.
BY DON ULRICH AND LISA GONZALES
Special to The Bee
AUGUST 22, 2017 1:00 PM
Major school construction projects require vision and patience to plan and appropriately budget, but pay off in student performance and teacher job satisfaction. Typically, school districts invest years in planning and in raising the funds to pay for them.
So the state’s decision to sell a minimal amount this fall of school bonds – which provide a significant portion of funding for most school construction projects – is disappointing.
Today the State Allocation Board met to hear and take action on a number of items, including three school district appeals and regulations to establish new funding cycles for the Career Technical Education Facilities Program (CTEFP). An item proposing regulatory amendments to new construction application processing was originally agendized but subsequently pulled from consideration at today’s meeting.
Executive Officer Statement: Fall GO BondSale
During the Executive Officer statement, Lisa Silverman indicated that the fall General Obligation bond sale will take place on August 29, 2017. The recent priority funding filing period closed on June 8, 2017, and the Office of Public School Construction (OPSC) received requests for 139 projects from 73 districts worth a total of $443.6 million. Ms. Silverman reported that she anticipates receiving bond proceeds from the August 29 sale to cover the projects that submitted a certification in the recent filing period. She stated that the SAB meeting originally scheduled for September 23 has been moved up to September 6, 2017 to take action on the projects that submitted a certification in the recent priority funding round.