To renovate, construct, equip, repair and improve classrooms and school facilities, including deteriorating roofs, heating and air conditioning systems, and construct a new multi-purpose room, shall Vallecito Union School District issue $11,000,000 in bonds under a no-tax-rate-increase-financing-plan, with an estimated levy of 3 cents per $100 of assessed valuation averaging $1.1 million raised per year anticipated through 2036, at legal rates, with annual audits and independent citizen oversight?
3, Calaveras County • 2018 • M
Passed
Result: 66.4% yes, 33.6% no (5,085 votes cast)
AI-generated plain-language summary
This measure authorized the Vallecito Union School District to issue $11 million in bonds to renovate, construct, equip, repair and improve classrooms and school facilities, including deteriorating roofs, heating and air conditioning systems, and construct a new multi-purpose room. The bonds would be repaid through an estimated property tax levy of 3 cents per $100 of assessed valuation, raising approximately $1.1 million annually through 2036.