To renovate and upgrade classrooms, repair old facilities, make health, safety and security improvements for students, and improve energy efficiency to reduce operating costs, shall Owens Valley Unified School District issue $4.8 million in bonds at legal interest rates, projected tax rates of 6.0¢ per $100 of taxable value while bonds are outstanding (generating on average approximately $325,000 annually), and requiring audits, citizens' oversight, ALL funds spent on Owens Valley schools and NO money for administrator salaries or pensions?
3, Inyo County • 2018 • M
Failed
Result: 47.7% yes, 52.3% no (264 votes cast)
AI-generated plain-language summary
The measure would have authorized the Owens Valley Unified School District to issue $4.8 million in bonds to renovate classrooms, repair facilities, and make health, safety, security, and energy efficiency improvements. The bonds would have been repaid through property taxes at a projected rate of 6 cents per $100 of assessed value.