What happened?
Trustees voted 5-2 to call the election, asking voters to approve up to $998,135,000 to fund capital improvements in the following areas:
- Safety and security
- Deferred maintenance of existing buildings
- Technology replacements
- Improvements to fine arts and athletics facilities in the district
What we know
Initially, projects included in the bond proposal totaled $1.13 billion. The dollar amounts of the four propositions under consideration have changed slightly as the district worked to prepare a final bond proposal, which sits just under $1 billion—$998,135,000:
- Proposition A: general improvements, $798.30 million
- Proposition B: technology improvements, $125.3 million
- Proposition C: fine arts, $8.62 million
- Proposition D: athletics, $65.91 million
To fund the potential bond projects, a few scenarios were presented to the board. Per Superintendent Hafedh Azaiez, the district could take on up to $1 billion in bond projects and actually lower the debt service tax rate from $0.1980 per $100 of valuation for fiscal year 2024-25 to $0.1880 per $100 of valuation, a decrease of one-cent per $100 of valuation.