How has the State budget crisis affected the Seismic Safety Bond Program?
Due to the State budget crisis, there is now great uncertainty about when State matching funds for facility modernization will be available. Although State staff have indicated that the State will pay the matching funds eventually, there is no way to predict when such payments will be received by the District. For this reason, the District has prepared a contingency schedule and cash flow analysis based on the assumption that no State funds will be available in the near term. Under the contingency schedule, the District would proceed with the “near-term” projects only. These projects are: Havens; Piedmont High School; Piedmont Middle School; Ellen Driscoll Auditorium; the Maintenance Building; and development and completion of the design materials for both the Wildwood and Beach projects (although construction of these projects would occur in a later phase). The District would suspend work on the Wildwood and Beach projects after the design phase for each of the schools is completed. H
