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El Monte board authorizes pursuit of state waiver to access voter‑approved bond capacity and restructures oversight committee
Summary
The board opened and closed a public hearing on a bond capacity waiver and approved a resolution authorizing staff to pursue a waiver from 1.25% to 1.77% of assessed valuation (10 years) for multiple bond measures; the board also approved restructuring the citizens' oversight committee to cover all outstanding bonds.
The El Monte City School District Board held a public hearing Sept. 15 on a requested waiver from the California State Board of Education that would raise the district’s bonding capacity from 1.25% to 1.77% of assessed property valuation for a 10‑year period ending June 30, 2035. The waiver would apply to previously voter‑approved measures (2004 measure J, 2008 measure KC, 2014 measure M and 2024 measure ME).
District…
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