San Ramon Valley Unified School District bond proposition, Measure D (November 2012)
Measure D authorized the school district to borrow $260 million. The funds to repay the loan would come from property owners in the district. They are expected to pay $13.20 in increased property taxes each year for 25 years for each $100,000 of assessed valuation of their property.
A 55% supermajority vote was needed for approval.
- Final official results from the Contra Costa County elections office.
- School board president Greg Marvel said, "This is a once-in-a-lifetime opportunity. We have low construction costs and low interest rates. If we don't grab this now, people will look back and wonder what the board was thinking."
Use of funds
Funds from the loan will be spent in these areas:
- Modernization of eight elementary and middle schools: $77.5 million.
- Renovations/replacement, Stone Valley Middle School (Phases I-III): $43.5 million
- Stone Valley Middle (Phase IV): $21.4 million
- Construction of 47 classrooms, San Ramon Valley High (Phase I): $28.2 million
- San Ramon Valley High School (Phase II): $24 million
- Construction of eight to 11 classrooms, Dougherty Valley High: $6.4 million
- Construction of 18 classrooms, Monte Vista High: $18 million
- New school in Dougherty Valley: $31.3 million
- Technology infrastructure improvements: $8.5 million
- Seismic improvements: $3-8 million
Text of measure
The question on the ballot:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
|"To improve local elementary, middle and high school classrooms, labs and learning facilities by adding classrooms to prevent school overcrowding; upgrading fire, security and earthquake safety; updating science labs, and instructional technology infrastructure for 21st-century learning; improving energy efficiency; and renovating, constructing and equipping schools, facilities and classrooms, shall San Ramon Valley Unified School District issue $260 million in bonds, at legal rates, with citizens’ oversight, annual audits, no funds for administrators’ salaries and all funds benefitting local schools?"|