- century academic standards, and repair, construct, or acquire equipment, classrooms, sites and facilities by issuing $130,000,000 in bonds at legal rates, with citizen oversight, no money for administrators, and all funds staying local?
2) The Board of Trustees of the San Mateo-Foster City Elementary School District has proposed this measure, which would authorize the District to issue bonds in an amount not to exceed $130 million. The bonds will have an interest rate not exceeding the legal maximum and will mature in a maximum of 25 or 40 years from the date of issuance of the bonds, depending on how they are issued. The District's best estimate of the average tax rate levy per year per $100,000 of assessed valuation to fund this bond is $19.00 for fiscal year 2014-2015 and also for fiscal year 2021-2022. The District's best estimate of the highest average tax rate levy per year per $100,000 of assessed valuation to fund this bond is $19.00.
3) 55% Approval Required
4) Yes, I think the vote should be passed because it will benefit the children who will be funded for a better education and focus on them more. I also believe that they should distribute the money to the schools who need it a lot more and so on. Once all in equal or near equal we can focus on the programs needed for the students like music programs ect.
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