Bond Measures

What is Measure M Facilities Bond?

Measure M is a 99 million dollar facilities bond, to repair or rebuild our facilities. The debt will be repaid over a 40-year period and is assessed at an annual rate of about $52 per $100,000 of assessed property value.

All reports on revenues and expenditures from bond measures are available on our Financial Reports.


Facilities Bond  & Parcel Tax Citizens’ Oversight Committee 


The purpose of this Committee is to inform the public concerning the expenditures and uses of the District’s bond measure (“Measure”) revenues from the Measure, as well as the Parcel Tax. The Committee’s legal charge is to actively review and report on the expenditure of taxpayer money for school construction in accordance with voter-approved projects. 

You can find the Bond & Parcel Tax Citizens' Oversight Committee meeting Agenda and Meeting Minutes in the table below.

 

 Agenda   

    

Meeting Minutes

April 6, 2021

November 17, 2020

August 24, 2021

April 6, 2021 

November 16, 2021

August 24, 2021

February 8, 2022

November 16, 2021

May 17, 2022

February 8, 2022

September 13, 2022

May 17, 2022

November 15, 2022

September 13, 2022

November 29, 2022

November 15, 2022

February 28, 2023

November 29, 2022

May 23, 2023

February 28, 2023

 
September 26, 2023
 
May 23, 2023


Link to the Application for CUSD's Bond and Parcel Tax Oversight Committee Member at Large

Measure M & S Facilities Bond & Parcel Tax Citizens' Oversight Committee Supporting Materials

Oversight Committee Meeting Recorded on October 24, 2023

Financial Transaction Report for Cunha Water Infiltration

Financial Transcation Report Fund 40 West Bay Settlement

Oversight Committee Presentation September 26, 2023

Board Meeting Recording From October 13, 2022

Resolution No 21-2022 Fund 40 Special Reserve Fund

 

History of Bond Measures

The community has passed two bond measures: 1) Measure S passed in 2012 and 2) Measure M passed in 2018.  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.

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