To improve local elementary and middle schools by upgrading classrooms to address overcrowding; meeting modern academic/technology/safety standards; repairing electrical systems, leaky roofs, plumbing and deteriorating restrooms; improving fire safety/school security; removing asbestos/lead paint; repairing, constructing and acquiring educational facilities, sites and equipment; shall the Merced City Elementary School District issue $60,000,000 of bonds, at legal interest rates, with independent citizens’ oversight, annual audits, and no money for administrators’ salaries/pensions?