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Measure AS passes; Arcadia Unified outlines bond sale plan and affordability model
Summary
District staff reported Nov. 12 that Measure AS passed with about 61% support; staff described a five‑sale bond issuance plan beginning in 2025 to fund a $358 million facilities bond while targeting affordability limits in modeled scenarios.
District business staff told the board Nov. 12 that Measure AS achieved strong community support and outlined a multi‑year financing plan for the facilities bond.
Dreslin reported that polling and campaign work raised support from mid‑year levels to approximately 61% as of the reporting time and that he has "officially called the election." He thanked the board and community for campaign participation and staff for organizing outreach.
Staff described the district's affordability model for the proposed $358,000,000 bond: five bond sales spaced every two years beginning in 2025 (’25, ’27, ’29, ’31, ’33) with each sale representing a portion of the total so the modeled tax impact stays within a ceiling target (discussed as about $60 per $100,000 of assessed value in staff modeling). District fiscal advisors will review the timing and amounts of individual sales based on cash needs and market conditions.
Board members and staff said they will continue planning and noted that early community turnout and internal capacity to manage construction will drive the schedule for individual projects funded from the bond.
