Pleasanton Unified School District's Measure I has broken the threshold of votes needed to pass as it looks to become the city's second school bond in the last 25 years, according to Wednesday's election results update from the county.

"(I'm) beyond excited about that news, but it's not over yet," Todd Utikal, co-chair for the Yes on I campaign committee, told the Weekly. "Hoping that by Thanksgiving, we'll know that Measure I has passed and we can do such great things for our kids (and) students here in Pleasanton."

The $395 million general obligation bond started off on Election Night with being just shy of the 55% of votes needed, but it has since jumped to 56.12% of residents (11,992) voting Yes and 43.88% (9,378) voting No, according to the Alameda County Registrar of Voters' Office.

According to the county's election data, the total tally of voter turnout countywide as of now is 36.51%, including vote-by-mail ballots received before Election Day and votes cast in-person. The total number of ballots that were cast as of Wednesday is 339,942.

There is one more update to the results scheduled this week on Thursday, according to the registrar's office, but as of now it is still unsure how many ballots need to be counted out of Pleasanton.

Kathleen Ruegsegger, a strong advocate against the bond, told the Weekly that while the bond has exceeded the 55% threshold, Wednesday's numbers are still not the final count.

"While it appears the numbers could stay above 55%, we will wait patiently to hear the final count," Ruegsegger said.

If, however, the trend continues and Measure I holds its position it would be the second bond Pleasanton voters have approved since Measure I1, the $270 million bond measure, passed in November 2016. Measure I would help fund the first tier phase of the district's Facilities Master Plan, which was approved by the school board in June.

It would utilize a tax rate of $49 per $100,000 of assessed value for Pleasanton property owners to fund that first tier round of projects which includes gym and theater constructions at both Amador Valley and Foothill high schools as well as new classrooms at Vintage Hills Elementary.

The second tier of the master plan will focus on deferred maintenance, restructuring of the visual performing arts in high schools, cafeteria and air conditioning and heating equipment.

The district had previously attempted at passing a similar bond in 2020 with the $323 million Measure M bond, which fell short with a final tally of 52.40% Yes votes and 47.60% No.

Unlike Measure I, Measure M actually trailed at the beginning of the election with 51.41% No and 48.59% Yes on Election Night in March 2020.

Measure I started off Election Night with 52.79% of residents voting Yes and 47.21% but has steadily increased in Yes votes over the past couple of updates from the county.

Thursday's update after Election Night showed the bond picking up more votes toward approval and then on Monday it went from 53.22% of residents voting Yes to 54.63% -- the number of residents voting No went down to 45.37%.

Tuesday's update then had the bond at 0.06% away from passing before it took the 1.12% lead on Wednesday.

"This is what we hoped, is that these later votes were people that took the time to learn more about Measure I, the oversight for bond measures in Pleasanton, and to have faith in the school district and what we can do for our kids in the future," Utikal said.