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Simi Valley board previewed options for a November 2026 school bond after Measure X sunset
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Summary
District bond staff reviewed Measure X accomplishments and queried trustees on options for a potential November 2026 ballot measure, presenting tax‑rate options ($39/$49/$60 per $100,000), a tax‑rate extension option, and estimated yields and state matching possibilities; staff asked trustees to decide in May whether to place a measure on the ballot.
Bond program staff presented an overview of the district’s capital program and possible next steps for facilities funding, saying Measure X (2016) funded significant modernization but that funding will be depleted and additional work remains.
Staff described feasibility polling showing roughly 61–62% support after education and presented options for a new measure: a $39 per $100,000 tax‑rate (yield estimate $348 million), a $49 rate (approx. $435 million), a $60 rate (approx. $487 million), or a tax‑rate extension (keeps current combined rate, delivers about $382 million over a longer cycle). Staff also noted potential to pursue state matching funds (an estimated $160–$170 million eligibility over the bond life) and that a facility master plan and RFP would be required for state matching under Prop 2.
Trustees asked about the tax‑rate extension mechanics, cost of placing a measure on the ballot (staff estimated $50k–$60k for election costs), potential borrowing to smooth receipts (bond anticipation notes) and priorities for projects. Staff said a board decision in May would be needed to place a measure on the November 2026 ballot, and that the community ultimately decides.
Staff emphasized next steps: finalize a facilities master plan, confirm the bond language and tax‑rate, conduct voter education, and assemble a bond committee should the board move forward.
No final board vote to place a measure on the ballot occurred at this meeting; the item was presented as an information briefing with a planned May action item.
