Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Municipal adviser outlines bond options for Los Banos Unified and urges conservative assumptions
Summary
Fieldman Rolapp & Associates advised trustees that Los Banos Unified has statutory bonding capacity but $77 million is outstanding; depending on tax-rate choices a future measure could generate roughly $60M–$122M. The adviser recommended voter surveys and conservative assumptions before placing a measure.
Adam Bower, the district’s municipal adviser, briefed trustees on school bond options and the mechanics of Measure X and related capacity.
Bower explained that assessed value (AV) — not sales price — determines the tax base and noted Prop 13 limits on AV growth for unchanged properties. He said the district’s statutory gross bonding capacity is roughly $159 million and that about $77 million of bonds are currently outstanding, leaving room for additional issuance if voters approve measures. "This building would have a zero…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
