Failed
Result: 50.5% yes, 49.5% no (6,231 votes cast)
The measure would have authorized Exeter Unified School District to issue $26,600,000 in bonds to modernize classrooms, restrooms, and school facilities, upgrade vocational education and performing arts facilities, and improve playfields. The bonds would have been repaid through property taxes at approximately $45 per $100,000 of assessed property value.