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RandySF

(69,582 posts)
Sun Oct 27, 2024, 04:47 AM 11 hrs ago

Here's what to know about the 5 school tax measures on the ballot in Ventura County

School districts in California get most of their day-to-day funding from the state, but that money is usually not enough to fund major projects, such as Oxnard's new Del Sol High School, or large modernization and maintenance efforts.

That's where bonds come in.

Four bond measures from three school districts — Oxnard Union, Briggs Elementary in Santa Paula and Santa Paula Unified — will be on local ballots this Nov. 5. If approved, the measures would authorize the districts to take out millions of dollars in bonds, large loans similar to a home mortgage that would be repaid through new property taxes.

The specific numbers included in each bond proposal — tax rate, total bond amount and more — are based on estimates and could change depending on financial markets. Districts are allowed to borrow less than the maximum bond total and are not required to complete every project the bond is proposed to cover. Bond funds are legally required to be spent only on schools, not on salaries.




https://www.vcstar.com/story/news/politics/elections/2024/10/26/ventura-county-school-tax-measures-2024-ballot-election/75795277007/

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Here's what to know about the 5 school tax measures on the ballot in Ventura County (Original Post) RandySF 11 hrs ago OP
good investment... bahboo 1 hr ago #1
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