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Carmel Unified board authorizes consultants to study a possible general-obligation bond after lengthy debate
Summary
After a detailed presentation on bond mechanics and tax-rate scenarios, the Carmel Unified School District board voted 4–1 to authorize staff to retain consultants for feasibility, polling and legal analysis to evaluate a potential general-obligation bond for the Nov. 3, 2026 ballot.
The Carmel Unified School District Board of Education voted to authorize staff to proceed with a feasibility evaluation and to expend funds for consultants to explore a potential general-obligation bond for the Nov. 3, 2026, ballot.
Shane Green, municipal advisor with East Shore Consulting, provided the board with an overview of how general-obligation (GO) bonds are sized and issued, the distinction between assessed and market value under Proposition 13, and examples of illustrative scenarios. "We are a fiduciary to our clients, which means that we are required to look first and foremost at our clients' needs," Green told the board, explaining the consultant role in designing a…
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