Tri-City Voice Newspaper - What's Happening - Fremont, Hayward, Milpitas, Newark, Sunol and Union City, California


November 6, 2012 > New Haven Unified Board of Education update

New Haven Unified Board of Education update

Submitted By Rick La Plante

The Board of Education recently approved the recommendation of a District Advisory Committee to begin the process necessary to sell the campus where Cabello Elementary School was located, to generate funds to help offset the District's ongoing cash challenges caused by continuing state cuts to the education budget.

Selling the site, where the school was closed in 2007, would generate at least $10 million, Chief Business Officer Akur Varadarajan said. This will help the District address the cash-flow problems created when the state defers payments to the District. Those delayed payments often force the District to borrow from outside the system, incurring interest costs that are not repaid by the state even after the deferrals arrive.

The Board also approved the committee's recommendation to delay a decision whether to sell the Educational Services Center, which houses the District office. The committee was not convinced that potential proceeds would justify selling the site, Mr. Varadarajan said.

Home        Protective Services Classifieds   Community Resources   Archived Issues  
About Us   Advertising   Comments   Subscribe   TCV Store   Contact

Tri Cities Voice What's Happening - click to return to home page

Copyright © 2018 Tri-City Voice