To upgrade aging classrooms, technology, science labs; expand job training classrooms; and acquire, construct, repair sites/facilities/equipment, shall the Peralta Community College District issue $800 million in bonds at legal interest rates, with approximately $44.2 million in taxes raised annually for 40 years at projected tax rates of $24.50 per $100,000 of assessed valuation, with no funds for administrator salaries, audits and citizen oversight, and all funds used locally?
3, Alameda County • 2018 • M
Passed
Result: 75.8% yes, 24.2% no (255,138 votes cast)
AI-generated plain-language summary
The measure authorized the Peralta Community College District to issue $800 million in bonds to upgrade classrooms, technology, and science labs, expand job training facilities, and acquire or construct educational sites and equipment. The bonds would be repaid through property taxes of approximately $24.50 per $100,000 of assessed valuation annually for 40 years.