|Measure L 55% voteBond – Mt. Pleasant School District City of San Jose
To facilitate math, science, reading/writing programs in local elementary/middle schools by upgrading classrooms, removing asbestos and hazardous materials, repairing dry rot, termite and structural damage, upgrading wiring and fire alarms for safety, repairing deteriorating restrooms, replacing leaky roofs, and acquiring, renovating, constructing classrooms, equipment, sites and facilities, shall Mt. Pleasant Elementary School District issue $25,000,000 in bonds at legal rates, with independent citizen oversight, no money for administrators’ salaries/pensions/benefits, and all money benefiting local schoolsControversy
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.