Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»Inland Empire schools propose $3.6 billion in bonds
    Investments

    Inland Empire schools propose $3.6 billion in bonds

    October 24, 20243 Mins Read


    Stay up-to-date with free briefings on topics that matter to all Californians. Subscribe to CalMatters today for nonprofit news in your inbox.

    As California voters weigh in on $10 billion in state school bonds with Proposition 2, Inland Empire school districts are asking voters to approve 22 local school bond measures totalling $3.6 billion.

    That’s $1.7 billion for 11 separate school bond measures in Riverside County and $1.9 million for another 11 measures in San Bernardino County. They would greenlight bond sales ranging from $15 million for the tiny Nuview Union School District, near Lake Perris, to $500 million for Redlands Unified School District.

    State and local bonds are written to work together but aren’t paid for in the same way. School districts levy new local property taxes to repay their bond measures. California covers its debt service through general tax revenue, so state school bond measures don’t directly trigger tax hikes.

    Districts can stretch their dollars further by pairing local bond funds with state grants.

    “Local school districts may qualify for matching funds from the state for facility construction, improvements and repairs if local voters approve a local bond measure,” local government consultant Michael Coleman said. “For this reason, we see a record 267 local school bond measures on this November 2024 ballot. The two go together.”

    Inland Empire Districts are seeking money for several kinds of investments. Part of it would go to nuts-and-bolts infrastructure upgrades, including air conditioning, fire safety, security and disability access. Districts also plan to build science and technology labs or vocational classrooms to train students in such fields as robotics, coding, health care or construction trades.

    At least one district hopes to ease its growing pains. Victor Valley Union High School District is floating a pair of ballot measures at $180 million each. One aims to improve facilities, while the other would reduce overcrowding from an enrollment boom of 21% in less than a decade.

    That contrasts with California’s overall student enrollment, which declined for six straight years through 2022-23 and is expected to keep dropping for the next decade, according to the state Department of Finance.

    At the same time Proposition 2 would allow the state to borrow $10 billion for school construction and modernization. Most of that — $8.5 billion — would go to K-12 schools. Another $1.5 billion is committed to community colleges. Its priorities are similar to those of local bond measures, such as removing lead, upgrading seismic safety, adding air conditioning and broadband access, and building career technical facilities.

    Is all of that too much to ask? Not necessarily, Coleman said. If voters want to make the most of their local bond money by pairing it with state funds, “they would be more likely to vote for both,” he said. “If they understand the linkage, they will not likely choose one over the other.”

    Recent polls show Proposition 2 ahead with 54% of likely voters in favor and 44% opposed. The state bond measure just needs to clear 50% to pass, but local school bond measures must win 55% of the vote.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Retirement savings gap emerging between self-employed and employees

    Investments

    Stocks Halt Fed-Fueled Rally as Bond Yields Rise: Markets Wrap

    Investments

    RBI urges banks, corporates to drive investments amid tariff, geopolitical uncertainties | Business News

    Investments

    DoDEA Day Strengthens Bonds Between Educators and Military Community at Ramstein Air Base | Article

    Investments

    Chinese bonds find fast favour in Hong Kong short-term borrowing as new rules take effect

    Investments

    The smarter property bet lenders can’t ignore

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Fintech

    Al Barid Bank accélère sa transformation digitale en s’alliant à la fintech PayTic

    Commodities

    A mini-gold rush brews three miles below sea level

    Fintech

    Skarlett lève 8 millions d’euros pour devenir le chouchou des retraités

    Editors Picks

    Coinbase On Following MicroStrategy’s Bitcoin Playbook: Looking For ‘Opportunities,’ Says CFO, But Highlights Key Difference Between The Two Companies – Coinbase Glb (NASDAQ:COIN)

    October 31, 2024

    Fresh Del Monte boosts regenerative agriculture 11% across farms

    October 15, 2024

    Charter Hall, Hostplus make ‘final’ offer for Hotel Property Investments — Capital Brief

    October 17, 2024

    En attendant le remake Metal Gear Solid Delta, un jeu de plateau MGS1 pour tous les nostalgiques – Actu

    February 26, 2025
    What's Hot

    Bitcoin Rises Above $72,000 As Bull Run Continues

    October 30, 2024

    Neighbors face issues with what they call a nuisance property

    October 18, 2024

    Album Review: CATEGORY 7 — ‘Self-titled’

    August 11, 2024
    Our Picks

    24-carat crosses Rs 98000 mark, silver also soars

    April 20, 2025

    Soutien renforcé aux fintechs : Mojo Payments lance un hub d’innovation panafricain

    March 20, 2025

    Next Big Crypto: Dawgz AI

    February 19, 2025
    Weekly Top

    The Best Cloud Mining Profit Surge Opportunity with DEAL MINING

    August 25, 2025

    AMIGO LNG Signs 15-Year LNG Sale and Purchase Agreement with Macquarie Group

    August 25, 2025

    Florida ag law to ramp up immigration arrests on interstates

    August 25, 2025
    Editor's Pick

    Commodities Prices in India: Today’s Rates

    March 12, 2025

    10 Largest & Most Prosperous Cryptocurrency Investments in 2024

    August 13, 2024

    Digital currency regulation in Africa: Learning from Nigeria’s Crypto Securities Act (2)

    May 20, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.