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Malibu council endorses $395 million SMMUSD bond for Malibu-only facilities improvements
Summary
The council unanimously approved a resolution supporting the Santa Monica–Malibu Unified School District’s $395 million general obligation bond (Malibu-only portion) to appear on the Nov. 5 ballot; speakers representing the measure emphasized local oversight and audits and said all funds would remain in Malibu.
The Malibu City Council voted unanimously on Sept. 23 to endorse a Santa Monica–Malibu Unified School District general obligation bond measure that would place $395 million on the Nov. 5 ballot for capital improvements serving Malibu schools.
Staff presented a short report noting the bond is limited to the Malibu facility improvement district, requires a 55% voter threshold, and would fund projects described in the district’s Malibu campus master plan. Supporters, including Kevin Keegan (co-chair of the committee backing the measure) and multiple members of the district advisory and oversight committees, urged the council to back the measure.
Kevin Keegan, listed as co-chair of the "Yes on Measure" committee, told the council that "Measure is for Malibu, by Malibu, and will benefit Malibu," and said the campaign would provide clearer financial information on the committee website. Other commenters, including Stacy Rouse and Seth Jacobson (Financial Oversight Committee member), emphasized local oversight and past bond management, saying prior bond coordination produced interest-cost savings.
Council action: After public comment from parents, committee members and residents, the council moved, seconded and approved a resolution of support by unanimous voice vote.
What happens next: The council’s endorsement is advisory to voters; the bond will appear on the Nov. 5 ballot if the school district files it with county election officials. Supporters said they will add financial details requested by some residents to the measure website ahead of the election.
