Measure K Benefits School District and Community
Harvard graduate David Witkin serves as the CEO of hedge fund Beryl Capital Management in Redondo Beach, California. In addition, David Witkin serves on the board of the Redondo Beach Unified School District. With his extensive background in business, Mr. Witkin has helped the school district make important strides toward ensuring that dollars are spent in ways that help achieve educational outcomes. To that end, he helped pass Measure K in 2016, which benefited the school district and community in multiple ways.
Measure K, which passed by a large majority, allowed the district to re-zone three acres of surplus land. The re-zoning allowed the land to be used by an assisted living facility called The Kensington. The 80,000 square foot facility, only the second of its kind in the area, will offer specialized services, such as memory care, to the community.
The revenue gained by Measure K will bring up to $600,000 annually into the Redondo Beach Unified School District. The additional funds will be used to hire seven additional teachers and support staff. Tax revenues gained by the measure will significantly boost the local economy as well.v