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Sweetwater Union High School District’s scramble to fix a midyear budget hole isn’t the only financial crisis it’s dealing with.
In a new revelation about the district’s money woes, VOSD’s Will Huntsberry explains how the district has been borrowing from Mello-Roos taxes generated by the newer developments in communities like Eastlake. The district has been using that money to try and pay down its debt, so it can keep borrowing money.
Districts are allowed to borrow money from Mello-Roos, with some conditions, including not borrowing more than 75 percent of the fund’s balance. But, Huntsberry writes, the district is on track to break that threshold this fiscal year.
Because the district will also be paying money back into the fund even as it borrows, the district predicts its final loan balance to be $68 million at the end of the year. That means it will add roughly $32 million in new debt to its loan sheet this year.
A new audit presented to school board members this week raised “substantial doubt” about the district’s ability to remain fiscally solvent moving forward.
Disruptions at ports of entry along San Diego County have been becoming more frequent over the past couple of weeks. Since last Sunday’s five-hour closure of the San Ysidro Port of Entry, there have also been planned 10-minute closures at the Otay Mesa and Tecate Ports of Entry.
Complete closures of ports of entry along the U.S.-Mexico border have historically been extremely rare, writes VOSD’s Maya Srikrishnan, but businesses are worried that given the current migrant situation in Tijuana, the federal government is ready to make them more common.
The executive director of the San Ysidro Chamber of Commerce sent a letter to U.S. Customs and Border Protection this week asking that closing the port of entry be considered a last resort, as it typically has.
The chairman of the Republican Party of San Diego County, Tony Krvaric, had announced several months ago he would be stepping down from the volunteer position next month.
In this weekend’s Politics Report, we reported for the first time that there seemed to be a push to convince him to stay on.
“After countless phone calls and meetings with committee members and stakeholders, I’ve decided to stand for re-election as Chairman,” he wrote. “San Diego Republicans will analyze and learn from 2018 to come back stronger in 2020. Freedom loving San Diego County taxpayers deserve no less.”
Democratic Assemblywoman Lorena Gonzalez’s chief of staff, Evan McLaughlin, was quick with snark. “Tony, I’m really, really rooting for you, pal. What can I do to help?” he wrote.
Encinitas has the lowest percentage of multifamily housing units in San Diego County, and for years it’s been defying California law by failing to craft and send a legally acceptable housing plan to Sacramento.
The voices that often dominate stories about Encinitas’ struggle to accommodate new housing are those of wealthy residents who oppose building.
But for this week’s North County Report, Jesse Marx talked to several Encinitas residents who’ve felt caught between elected officials and critical homeowners as the debate over density and height limits continue.
One is 76-year-old Gita St. John. She thought her twilight years would bring a little peace of mind, but she’s on the verge of being priced out of a community she’s called home for nearly a quarter century.
A judge next week is likely to suspend an Encinitas law giving residents veto power over major land-use changes.
The Morning Report was written by Maya Srikrishnan and Jesse Marx, and edited by Sara Libby.