The Mercury Times has a good piece on how SMUSHD will handle the funding shortfall

The San Mateo Union High School District will delay some small construction projects and divert money to plug a nearly $22 million shortfall in the Measure M bond program resulting from decreased property values and other factors.

Thursday, the district board approved a financing plan that relies on $11.1 million in cuts and $10.5 million in funding from other accounts to bridge the $21.6 million gap to finish the main projects called for in Measure M.

The causes are

A district financial analysis of the bond program found that the decline in property values associated with the economic downturn created much of the shortfall, board President Stephen Rogers said.  The rest of the shortfall comes from projected savings now not expected to happen related to the solar initiative and a loss of state funding, according to the staff report.

As parents gear up for a big school funding weekend with Taste of the Town on Friday night and the BCE dinner dance on Saturday night, this will be a topic of interest!