With repairs falling behind, the Long Beach Unified School District is looking for help from voters to approve a series of bonds that would give the district $1.7 billion to modernize campuses and provide new green spaces.
Measure Q would allow the district to issue bonds that would be paid for by charging higher property taxes. Landowners would pay $60 for every $100,000 of the assessed value of their properties. For a $500,000 home that would equal to about $25 per month.
The district says it has upward of $3.8 billion in repairs and investments it needs to make at its schools, which have an average age of 67 years.
If approved by voters, Measure Q would start being collected next year and run through 2062. The measure needs 55% of voters to approve it for it to pass.
Measure Q could become the third bond measure approved by voters for the district in the past 15 years. They approved Measure K in 2008, which gave the district $1.2 billion in bond revenue and Measure E was approved in 2016, which gave the district $1.5 billion in bond revenue.
A “yes” vote on Measure Q would allow the district to issue $1.7 billion in bonds and raise property taxes to pay for the debt service, which is anticipated to be about $4.1 billion by the end of the tax. A “no” vote would stop bonds from being issued and keep property taxes the same.