Local Investors Can Consider LCUSD Bonds

Representatives for Stifel Financial Corp. have been spending time recently in La Cañada Flintridge — where 71% of voters supported La Cañada Unified School District’s Measure LCF general obligation bond on the ballot last November — informing community members that the bond offering is expected to be available in the first half of May.
Their message to local constituents has been: “Basically, as voters, you approved this measure, the first part of which is coming onto the market, so we wanted to reach out and make sure to keep you in the loop,” said Hovick Babajanian, an associate vice president for Stifel Nicolaus & Co.
Babajanian grew up nearby in La Crescenta and spoke of frequent visits to See’s Candies and Sport Chalet. Continue reading “Local Investors Can Consider LCUSD Bonds”

LCHS Family Lawsuit vs. School District Set for Trial Jan. 22

The family of a La Cañada High School special education student is suing the school district, claiming that negligence by district employees resulted in the boy being seriously injured when he fell from the bleachers during an assembly on May 20, 2016 in Hotchkin Gymnasium.
The case is scheduled to go to trial Jan. 22. Attorney Robert Glassman will argue that the district’s failure to install guardrails on the bleachers from which Ethan Kalnins, who suffers from cerebral palsy, fell. The fall caused a fractured hip and led to resulting physical, emotional and psychological duress, Glassman said.

Guardrails have been added to the bleachers in Hotchkin Gymnasium at La Cañada High School following a lawsuit that stemmed from the fall that injured student Ethan Kalnins, who suffers from cerebral palsy.

Continue reading “LCHS Family Lawsuit vs. School District Set for Trial Jan. 22”

Measure LCF Could Deliver $149 Million to LCUSD

Supporters of the La Cañada Unified School District have been busy the past few weeks, making calls and knocking on doors in an attempt to drum up votes for Measure LCF, the proposed $149 million general obligation bond on the Nov. 7 ballot.
On Election Day, La Cañada Flintridge voters will choose three LCUSD Governing Board members and decide whether to approve the bond, which would fund improvements to the district’s four campuses. Each of the five board candidates supports the measure, as did 65% of prospective voters who responded to a survey conducted earlier this year. It needs 55% voter approval to pass. Continue reading “Measure LCF Could Deliver $149 Million to LCUSD”

LCUSD Could Feel State Education Financial Squeeze

La Cañada Unified School District officials took a hard look last week at a tightening financial outlook.
Chief Business and Operations Officer Mark Evans warned that it appears several years of an unprecedented boost in statewide education funding will end in 2017-18. That financial influx was an effort, Evans said, to “close the gap,” or to get districts back to the level of funding they had before the 2008 recession. But those levels did not account for technology modernization expenses. Continue reading “LCUSD Could Feel State Education Financial Squeeze”