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Measure K Classroom Repair, Student Safety Long Beach Unified School District School Bond - 55% Approval Required
See Also:
Index of all Measures |
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Results as of Nov 28 5:11pm, 100.00% of Precincts Reporting (251/251) |
Information shown below: Impartial Analysis | | ||||
To make essential health/safety repairs, retain teachers, qualify for matching grants, shall Long Beach Unified School District retrofit schools for earthquake safety/handicap accessibility, repair restrooms/plumbing/roofs/fire safety, remove lead paint/asbestos, upgrade vocational classrooms/technology/energy efficiency, expand after-school programs, reduce overcrowding, by acquiring, repairing, constructing, equipping sites, facilities, joint-use buildings, and issuing $1,200,000,000 in bonds at legal rates with independent audits, citizen’s oversight, and no money for administrators’ salaries?
Funds received from the sale of the bonds shall be used for the specific purposes set forth in this Measure including, earthquake and handicap retrofitting; repairing restrooms, plumbing, roofs, and fire safety systems; removing lead paints and asbestos; upgrading vocational classrooms, technology/energy efficiency; expanding supervised after-school programs; and acquiring, repairing, constructing, equipping sites, facilities and joint-use buildings. No funds may be used for teacher and administrator salaries or any other school operating expenses. Independent performance and financial audits will be performed annually to ensure that funds received from the sale of the bonds are expended as specified by the Measure. All bond expenditures will be monitored by a Citizens’ Oversight Committee to ensure that funds are spent as specified. The bonds would be issued for a term not to exceed twenty-five (25) years in the case of bonds issued under the authority of the Education Code, and forty (40) years in the case of bonds issued under the authority of the Government Code. The tax levied as a result of approval of this Measure shall not exceed the Proposition 39 limits per $100,000 of taxable property within the District. By issuing the bonds the District may be eligible to receive matching funds. The bonds would be issued at an interest rate that does not exceed the legal maximum rate. This Measure requires a fifty-five percent (55%) vote for passage.
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Official Information District Statistics News and Analysis
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