Measure H                                                    55% voteBond – San Jose Unified School District City of San Jose
 
Summary
To improve local schools and support academic programs, prepare students for jobs, save money and improve teacher retention by upgrading technology, classrooms and science labs, improving school safety and security, upgrading energy and water systems to improve efficiency, paying off facility leases, and repairing, constructing, or equipping facilities, sites or classrooms, shall San Jose Unified School District issue 290 million dollars in bonds at legal rates, with independent citizens’ oversight, annual financial audits and no funds for administrators’ salaries
Controversy
  • There has been no history that we have found of San Jose Unified 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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