Schools
City Council Approves $40 Million Bond for Sherman Oaks' Buckley School
Introduced by LaBonge and seconded by Koretz, the money will come from the California Municipal Finance Authority.
Long one of the most idyllic school campuses in greater Los Angeles, the in Sherman Oaks was granted a $40 million bond on June 26 by a vote of the City Council.
The alma mater of such luminaries as Laura Dern, Nicole Richie, Paris Hilton and Kim and Rob Kardashian, the Buckley School is self-described as ""a beautiful 18-acre campus, nestled away in a wooded canyon."
It's a wealthy school for students from wealthy families.
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So why exactly does it deserve $40 million when so many other schools in the LAUSD are in need?
Part of the answer is that Buckley will receive these funds not from the cash-strapped City of L.A., but from the California Municipal Finance Authority, a non-profit "joint powers authority."
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