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CAMPAIGN FOR EXCELLENCE |
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Published June 1, 2005 Premium reasoning Editor, As an owner of a residential property served by the Palo Alto Unified School District (PAUSD), your "yes on A" vote will help preserve educational excellence in Palo Alto schools which, in turn, will help you retain your "Palo Alto Premium," both great values to you. The "Palo Alto Premium" is the amount paid above the price that could buy a similar property in any surrounding town; the "Palo Alto Premium" portion directly related to public school educational excellence consistently ranges from 10 to 20 percent of your property's value. When you "do the math" on your probable rate of return on each $493 investment in PAUSD educational excellence, you will see why your "yes on A" vote should be automatic. Using conservatively low assumptions: Assume your home would sell for $500,000 today, that it will appreciate just 5 percent each year for the next six years and that your "Palo Alto Premium" is just 10 percent. When your $500,000 home appreciates 5 percent, or $25,000, next year, your 10 percent "Palo Alto Premium" portion will be $2,500. So your $493 annual investment will earn you at least $2,500 each year in the future, over a 500 percent annual return. "Do the math" for yourself; plug in your own assumptions. You'll discover
even better results. Measure A opponents don't want you to think about the "Palo
Alto Premium" since it financially overwhelms every one of their negative
claims. It is so compelling that naysayers are finally "getting it" by changing
their votes to "yes on A."
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