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Measure Q
San Lorenzo USD Bond Measure
“To modernize/construct classrooms and school facilities; make health, safety and security improvements; upgrade deteriorating plumbing, sewer, and irrigation systems; upgrade outdated technology infrastructure; and replace aging heating and ventilation systems; shall the measure authorizing San Lorenzo Unified School District to issue $195,000,000 of bonds at legal rates be adopted, generating on average $12,400,000 annually while bonds are outstanding at rates of approximately $60 per $100,000 assessed value, with citizens’ oversight, annual audits, and all money staying local?”
Vote Required: 55%
SCORE: 2.4
Comments: The score was lowered from the
maximum of five because of the failure to provide information on the duration
of the bonds and the estimated cost of repayment, whether there were any
existing bonds in place, whether the proposed bonds were Capital Appreciation
bonds or follow a regular amortization schedule, and because of extraneous
verbiage designed to influence a Yes vote such as “all money staying local”.
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BALLOT WATCH DOG 