What it Would Do
The Soledad Unified School District Student Technology and Teacher/Staff Housing Bond would provide funding for the district to improve access to technology- including computers, wiring and education software- and construct teacher and staff rental housing in an effort to attract and retain employees.
The measure would authorize $13.75 million of bonds to be adopted, raising about $863,487 for annual repayment through 2049, with average levies of less than $26 per $100,000 assessed valuation, legal interest fees, annual audits, independent oversight and all funds spent locally.
The bonds would not be used for teacher or administrator salaries, and the principal amount of bonds for technology and equipment projects will not exceed $1.1 million.
The School Board has identified projects that will be financed by the bond, and the Board of Trustees will establish an Independent Citizens' Oversight Committee to make sure the funding is only used on the listed projects.
The School Board will conduct annual, independent financial and performance audits.