West Contra Costa School District Putting a Half-Billion Bond Before Voters in March

One of the most financially mismanaged school districts in California has found a solution to their financial challenges – borrow more money, and let the voters pay more in property taxes.

Scheduled to appear on the March 2020 local ballot for voters living within the West Contra Costa Unified School District, Measure R, a “classroom modernization and safety update measure,” will seek approval to “issue $575 million of bonds, at legal rates, averaging $34.48 million annually while bonds are outstanding, at 6¢ per $100 assessed value, with strict citizens’ oversight, annual audits and all money for local schools.”

In case you’re wondering, school bond measures almost always pass. In 2018, for example, data compiled by CalTax indicates that over 90 percent of school bonds were approved by voters. A California Policy Center analysis conducted at the time estimated the total of these local school bond measures set California voters back another $15.5 billion. This sum is typical per election cycle, and doesn’t include statewide school bond measures, such as the $13 billion state bond for school construction planned for the 2020 California ballot.

That state bond proposal for $13 billion will “supplement” the billions, or possibly tens of billions, offered via hundreds of local school construction bonds proposals, set to appear on local ballots in March 2020, with more to come in November.

Not An Exemplary Candidate for More Construction Borrowing

West Contra Costa Unified School District (WCCUSD) faces declining enrollment, but to-date has been […] Read More