Measure I                                                      55% voteBond – East Side Union High School District City of San Jose
 
Summary
To upgrade computer/science labs; improve security/safety; repair, equip, and construct classrooms/facilities at Andrew Hill, Calero, Evergreen Valley, Foothill, Independence, James Lick, Mt. Pleasant, Oak Grove, Piedmont Hills, Santa Teresa, Silver Creek, Yerba Buena, W.C. Overfelt, and District adult, alternative, and charter schools; and acquire property for new schools, shall East Side Union High School District issue $120,000,000 of bonds with interest rates below legal limits and no funds for administrator salaries or taken by the State.
Controversy
  • There has been no history that we have found of any local School District defaulting on their bonds.
  • We have found only 1 school district in California default on a bond in LA county in 1991.
Fiscal Impact
There is no know information at this time as to how will be the underwritter of the bond or what rating, interest rate and term lenghts will be offered. As with most school bonds this information is determined after the bond measure has passed.
Questions -
  1. Do you want San Jose Unified School District to issue bonds ( take out a loan that will be repaid to those who purchaser the bonds ) so they may acquire new computer for students?

YES vote-The School district will issue bonds to fund improvements.

No vote-The school will need to seek alternate means to make improvements or forgo the improvements at this time.

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