Wednesday, March 21, 2012

State committee on financial takeovers arrives in King City

Assemblymembers Luis A. Alejo and Sandré Swanson of the Assembly Select Committee on State School Financial Takeovers will hold a hearing in King City about the state takeover of the South Monterey County Joint Union School District and the impact the state receivership has had on the local community.

South Monterey County Joint Union School District received a $13 million emergency loan in 2009 after the Monterey County Office of Education predicted the district was veering towards insolvency. As a condition of the loan, the district was assigned a state-appointed administrator to run it.

The presence of the state administrator, John Bernard, has been the source of discontent among the community. Following a meeting in the fall, Alejo and Sen. Anthony Canella introduced legislation to reduce the terms of the $13 million loan, which is expected to save the district about $300,000 a year.

Parents, teachers and members of the community are encouraged to attend and provide comments.

The hearing starts at 3 p.m. Friday, at the Salinas Valley Fairgrounds Expo Room, 625 Division St., King City.

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