How much debt will the Sequoia Union High School District incur if the voters approve their $265 Million Bond measure? How will the money be used?
This excerpt from from minutes of SUHSD Feb. 26 meeting provides some insight:
President Weiner said that facilities planning would be an ongoing process, and the stakeholders are at the school sites. In response to a question posed by President Weiner, M-A Principal Matthew Zito said he has led M-A through bond measures in 2004 and 2008; and once the dollar amount is known, staff will work with the architect on a master plan. In the past, most work is done after the bond has passed. The total amount of the bond will not be the total dollars available for construction because the district will leverage state-matching funds, and the total funds available
will probably double".
How will the bonds be issued?
The 2012-2013 San Mateo County Civil Grand Jury reported on CAPITAL APPRECIATION BONDS: TICKING TIME BOMBS