To improve the quality of education; modernize outdated classrooms, restrooms and school facilities; make health, safety, and security improvements; and construct a new barn/agricultural rehabilitation center; shall the Palo Verde Unified School District issue $24,800,000 of bonds at legal interest rates, generating on average $1,300,000 annually as long as bonds are outstanding at a rate of approximately 4.9 cents per $100 assessed value, with citizens' oversight committee, NO money for salaries and all money staying local?
3, Riverside County • 2018 • M
Passed
Result: 62.3% yes, 37.7% no (2,930 votes cast)
AI-generated plain-language summary
This measure authorized the Palo Verde Unified School District to issue $24.8 million in bonds to modernize classrooms and facilities, make health and safety improvements, and construct a new agricultural center. The bonds would be repaid through property taxes at approximately 4.9 cents per $100 of assessed value.