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Consultant outlines how a Prop 39 general-obligation bond would work for Carmel Unified
Summary
A municipal advisor told the board how Prop 39 GO bonds pay for school facilities, explained assessed-value tax mechanics, accountability measures and timing for a November election; trustees requested Carmel-specific project cost estimates and tax-rate projections.
At the board meeting, municipal advisor Shin Green of East Shore Consulting gave a detailed briefing on general-obligation (GO) bonds and how they finance school facility improvements. The presentation explained the two voter-approval paths referenced in the briefing — Prop 39 (55% approval with additional accountability) and Prop 46 (two-thirds approval) — and walked trustees through permitted uses, tax-rate mechanics and local oversight requirements.
Green said Prop 39 is the predominant pathway for districts because it lowers the approval…
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