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To construct/renovate schools, reduce overcrowding and improve education, shall the Los Banos Unified School District Community Facilities District No. 1 be authorized to levy taxes on developed residential property of $60/year for 30 years and a developers' tax of $8,500 at building permit and $8,500 at certificate of occupancy, each adjusted for inflation annually, as provided in Resolution 17-03, issue up to $103,000,000 of bonds, and establish an annual appropriation limit in the amount of taxes collected, to be monitored by a Citizens' Oversight Committee?

3, Merced County • 2003 • M

Failed

Result: 54.1% yes, 45.9% no (3,629 votes cast)

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