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Measure W update: committee hears $432 million in new bond revenue, $3.2M spent and timelines for major campus projects
Summary
Staff told the Citizens Bond Oversight Committee that a new bond series added $432,000,000 to Measure W revenue, $3,200,000 has been spent to date, and major projects at Carlmont, Sequoia and Woodside are in design or construction phases with occupancy targets between 2027 and 2029.
Staff provided the committee with a quarterly Measure W update that summarized fund activity and detailed project schedules across the district.
Financial snapshot: Staff (speaker 4) reported that as of 11/26/2025 the district had spent $3,200,000 on Measure W projects and the board approved a new bond series that added $432,000,000 in revenue. Expenditures from September through November totaled about $3,100,000, producing a reported net increase of roughly $129,000,000 and an ending fund balance given in the presentation as about $207,000,000. Staff noted the beginning fund balance was approximately $77,000–$78,000,000 of an original $80,000,000 allocation.
Major projects and timelines: a…
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