How School Bonds and Parcel Taxes Fared in the March 5 Election

School construction bonds faced some headwinds during the March 5 primary, with a passage rate of around 60% compared with the 73% seen in typical past primaries. On the other hand, parcel taxes outperformed their historic numbers. School districts saw a 91% pass rate for parcel taxes. Usually, the rate hovers around 65%.

The analysis comes from government finance expert Michael Coleman. You can read his full analysis of election results at CaliforniaCityFinance.com.

These are some of the bonds and parcel taxes that passed in the primary:

  • Desert Sands Unified's Measure A — authorizes the district to issue $675 million in bonds and to levy a property tax at the rate of $60 per $100,000 assessed value to upgrade school facilities and technology
  • Hayward Unified's Measure I — authorizes the district to issue up to $550 million in bonds and requires a levy of approximately $60 per $100,000 in assessed value
  • Culver City Unified's Measure E — authorizes the district to issue $358 million in bonds, levying $60 per $100,000 in assessed value, for the purpose of school improvements
  • Berkeley Unified's Measure H — eight-year renewal of an existing parcel tax of $0.54/building square foot or $25/unimproved parcel, generating an estimated $44 million annually
  • Albany Unified's Measure G — renewal of an existing parcel tax of $0.55/building square foot and $25/unimproved parcel, generating an estimated $4.8 million annually
  • Alameda Unified's Measure E — an annual parcel tax of $0.585/building area square foot capped at $15,998/parcel, and $598/unimproved parcel, generating an estimated $24 million per year

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Technology

Thursday, March 28, 2024 - 09:07

School construction bonds faced some headwinds during the March 5 primary, with a passage rate of around 60% compared with the 73% seen in typical past primaries.