The responsibility for paying off the bonds is divided between property owners based on the assessed valuation of their properties.
Sunnyvale is one of those school districts blessed with key technology companies. And that's how the district can propose to issue $214 million more in bonds and still have relatively low homeowner tax rates for paying off the loans.
#school-district-bond-measure #property-tax-rates #education-funding #equity-in-school-construction-funding
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