$72M School Bond Measure.
Three weeks from today, San Carlos voters will head to the polls where they will once again be asked to vote to approve a bond measure which will raise funds for the San Carlos School District. Measure H, if it passes by the required supermajority of 55%, will authorize the school district to issue up to $72 million in bonds to fund improvements deemed necessary to “improve, repair, and equip San Carlos elementary and middle school facilities”.
The principal and interest on these bonds will be covered by a levy on all taxable property in San Carlos. That levy equates to about $30 per every $100,000 of assessed value of that property, and will be recorded against the property for at least the next 30 years. As we discussed in this post, the average homeowners can expect to see an extra few hundred dollars tacked onto their property tax bill over the next 3 decades if the measure passes.
Strong Opinions on Both Sides.
As this election draws nearer, it’s very apparent that there are strong opinions both for and against this measure. On one side, there’s the very well organized and vocal pro-Measure H contingent who have been stuffing the mailboxes and working the phone banks with equal efficiency and determination.
But there’s also a significant portion of the San Carlos voting population that has yet to be convinced that they should vote in favor of yet another school bond measure while there are still two others currently on their tax bill. This is likely a common under-current for families with no children, and perhaps those on fixed incomes who will find it difficult to absorb another few hundred dollar hit to their bottom line every year.
There’s absolutely no refuting the direct relationship between a strong public school district and the health of its respective real estate market. The reputation of the San Carlos School District remains one of the top reasons (if not THE top reason) why home buyers insist on establishing their roots inside the district boundaries — even when their house buying dollar will go further in other neighboring communities. And that constant demand has kept house prices in San Carlos stable (and high) while prices in communities without a strong school district have fluctuated with rising and falling market.
A Tight Race.
But despite this obvious correlation, there’s a certain percentage of San Carlos homeowners who may not feel that another school bond measure is in the cards for them. And in order for supporters of the measure to ensure that they get their required 55% vote, they may need some of that aforementioned group to change their minds. The results of the highly UN-scientific poll that has been running on the site seem to support this:
If this slice of voter sentiment is even remotely accurate, it’s apparent that the race for Measure H will be a tight one, and that every vote will indeed matter.
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