Cabrillo Unified School District bond proposition, Measure S (June 2012)
Measure S allows the school district to borrow $81 million. The debt will be repaid over a 40-year period. It will cost about $45/year in additional property taxes for each $100,000 of assessed valuation.
A 55% supermajority vote was required for approval.
- These final election results are from the San Mateo County elections office.
The question on the ballot:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
|MEASURE S: "To improve the quality of education in local schools by replacing leaky roofs; performing essential safety repairs on classrooms and facilities; updating science labs; equipping classrooms with 21st century technology; maximizing energy efficiency and water conservation to save money; and renovating, constructing, and equipping classrooms and facilities; shall Cabrillo Unified School District issue $81 million in bonds at legal rates with citizen oversights, annual audits, no funds for administrators' salaries, and all funds staying in local schools?"|