Santa Clara's Measure I seeks to fund infrastructure needs with $400 million bond
Briefly

"The general facilities bond would be funded by levying an estimated $19 per $100,000 of assessed property value each year, starting in 2025 with an approximate end date of 2060."
"Mayor Lisa Gillmor, who is supporting the measure, said the bond is an essential step in preparing for our future in Santa Clara."
"City officials originally proposed a $600 million bond, but Gillmor advocated for reducing that amount and specifying which projects it would fund in an effort, she said, to make it more affordable and transparent for residents."
"The measure also has a provision that the bond money can't be used for improvements to Levi's Stadium or within half-a-mile of the venue."
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