(Los Alamitos, 8/7/2013) I’m posting this early this morning, but my guess is that our News-Enterprise will have something in it about Monday’s Los Alamitos Town Hall, either on the front page or in the Teditorial. During Ted’s tenure they’ve done a better job of getting Monday night news into their Wednesday morning paper, which takes extra effort but is well worth it.
When you get your N-E you can let us know if I was right with a comment below.
The biggest Los Al news that should be breaking between now and our next weekly “Media Reporting” post next Wednesday relates to the Los Alamitos Unified School District’s “Measure K” school capital improvement and modernization bonds.
In this case it’s another of our print newspapers putting in the effort to dig deep. I have received call from two different OC Register reporters relating to those bonds. The Register has already reported how the firm selling those bonds coordinated the effort to pass the bond measure, as they did for school districts throughout California.
They’ve also reported how some of those bonds are “capital improvement bonds” which, shockingly, include negative amortization, just like those creative mortgages that got us into this “Great Recession.”
The Register has also reported how much of the construction work was contracted without a bidding process.
Now they’ve apparently discovered that the property taxes we pay to finance those bonds as well as the 1990s Mello Roos LAUSD bonds are actually going to increase well above what was contemplated in the information we received when we voted on them!
Don’t get me wrong. I strongly support our schools and our District. They’re a big part of what makes Los Al (& Rossmoor & Seal Beach) such a great place to live.
But I think it’s wrong when there are surprises in a measure’s implementation, as was the case with Cypress’s Measure L last year, where a senior’s Continuing Care Community turned into ProLogis’ infamous “33 acre project.”
Details will be coming out in the Register soon, probably this Sunday, so keep your eyes peeled.
In the meantime, and up until next Wednesday, this is the place for YOU to report any item of local interest you see in any media. We all read and watch different media, so this is a way we can keep each other informed, as well as add our own perspective.
Something to keep yourself occupied while you wait to see how much your taxes are going up.