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Board hears why Measure J first‑year tax rate topped $40 estimate; Serrano modernization plan outlined
Summary
ICM advisor John White explained why the district's Measure J tax rate briefly exceeded the $40-per‑$100,000 estimate — county levy practices and delinquency reserves — and Bill Flynn reviewed phased modernization plans for Serrano High, including interim portables and a March 2026 target for delivery.
The Snowline Joint Unified School District board on Tuesday heard why the first year of Measure J bond levies produced a higher tax rate than the figure presented to voters.
John White of ICM Advisors told trustees the $70.6 million Measure J authorization carries an estimated tax rate “not to exceed $40 per $100,000 of assessed valuation,” but San Bernardino County’s practice of levying for 24 months and applying an 8 percent delinquency reserve made the first year look higher. “That the 51 is a aberration that’s artificially high because of the first year of the program,”…
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