To upgrade schools, classrooms, libraries, computer labs; repair roofs, walls, floors, restrooms, wiring, heating/cooling at older schools; improve student safety/security; add classrooms at existing schools to reduce overcrowding; and improve overall quality of local elementary/middle schools, shall San Mateo-Foster City Elementary School District issue $175 million of bonds at legal interest rates, with citizen oversight and annual audits to guarantee all funds improve local elementary/middle schools.