The Pleasanton school board will hold a special meeting tonight to consider placing a multi-million-dollar bond measure on the Nov. 8 General Election ballot that would provide funds for projects throughout the district including, if necessary, the construction of a new elementary school.
The amount of the bond issue to be decided tonight ranges from $312 million to $281 million to $234 million.
The best estimate of the tax which would be required to fund this bond issue is $60 per $100,000 of assessed valuation. Voters should note that the estimated tax rate will be based on the assessed value of their property, not on the current market value. No special discount is planned for seniors.
Unlike a parcel tax where approval from 2/3rds of those voting is needed to adopt the measure, a bond issue such as the school district may place on the ballot requires only a 55% vote of approval.
Tonight's board meeting will start at 7 p.m. in the district's headquarters, 4665 Bernal Ave.