Monday, June 22, 2009

Both San Marino and South Pasadena Voters Approve Taxes to Support Schools

On May 5, residents of San Marino passed a $795 annual property tax to support its public schools. A similar measure was passed in South Pasadena this month in which parcel owners will pay a $288 annual tax to raise about $2 million a year for the school system.

By passing these measures, residents acknowledged the importance of sustaining high-quality public education in their cities. A main reason many residents move to San Marino and South Pasadena is for the quality of the public education that the cities provide.

In recent times, with the down economy many families have chosen to remove their children from high tuition private schools, invest in San Marino real estate and use the public school system. These families pay a premium up front, but end up saving in the long run, especially those households with multiple children.