Won’t Castro Valley just pass a parcel tax to cover the budget shortfall?
Even if Castro Valley were to pass a parcel tax, it isn’t likely it could be implemented and have any impact until the 2010-2011 school year. Moreover, Castro Valley has around 16,500 taxable parcels, but some of these may need to be exempted from the tax for various reasons. The total amount currently predicted to be raised by a parcel tax is only $1.0 to $1.5 million.
