Bonds

Bond measures


Facilities bonds support school facilities.  In November 2019, local voters passed CUSD Measure M by 55.07%, in excess of the 55% required by State law.  On November 5, 2024, local voters passed Measure K which authorized $153,400 in General Obligation Bonds.


Measure M and K allow CUSD to continue with an ongoing series (e.g., Measure S) of district-wide facilities improvements (e.g., construction, modernization, repairs, and equipment) by authorizing the issuance of up to $99 million in bonds at a tax rate of approximately $52 per $100,000 of assessed property value, to be repaid over a 40-year period, and with annual audits and independent citizen oversight. 
California law does not allow exemptions for seniors and others for facilities bonds.


Annual reports and construction updates are also available. 

Cunha water infiltration legal settlement

On October 13, 2022, as a result of funds CUSD received in settlement of legal proceedings from a case pertaining to water infiltration at Cunha Intermediate School, the CUSD Governing Board passed a resolution to establish a ‘Special Reserve Fund For Capital Outlay Projects’ (Fund 40), to be used only for the accumulation of General Fund monies for capital outlay purposes, pursuant to Education Code Section 17462.   

Application for Bond & Parcel Tax Oversight Committee

Please apply here

 

Last updated:  09/18/2025


History of Bond Measures

The community has passed three bond measures: 1) Measure S passed in 2012 and 2) Measure M passed in 2018 and 3) Measure K passed on November 5, 2024. These bonds allowed us to repair or rebuild some of our facilities which were over 50 years old. Funds cannot be used for operational expenditures such as teacher and administrators salaries.

All reports on revenues and expenditures from bond measures are available on our Financial Reports page.
Updated 9/18/2025

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