Bonds for Schools by Levying Additional Property Taxes
Official Summary
To protect quality schools and upgrade aging facilities, shall Oceanside Unified School District’s measure to: upgrade classrooms for science, technology, engineering, arts, math instruction; address school earthquake, fire, health and safety standards; modernize computers and technology; and repair or replace deteriorating roofs, plumbing, electrical, heating and cooling systems; by issuing $160,000,000 in bonds at legal rates, providing approximately $9,100,000 annually, levying 3ȼ per $100 of assessed value while bonds are outstanding, with independent oversight and audits, be adopted?
Notes
New property tax would be in effect for the duration of the bonds (40 years). For a home assessed at $575,000 (median home price in Oceanside), the increase in property taxes would be $173 annually.