Trustees officially voted at Tuesday night’s board meeting to
place a $150 million school bond to fund the construction of
Christopher High School and various facilities upgrades and
improvements.
Trustees officially voted at Tuesday night’s board meeting to place a $150 million school bond to fund the construction of Christopher High School and various facilities upgrades and improvements.
If voters pass the bond in November, property owners will be taxed at a rate not to exceed $60 per $100,000 of assessed home value per year. That translates to $383 in taxes for the average homeowner with a home worth $639,000, the average home price in Gilroy according to CNNMoney.com. The new bond will kick in after Measure J sunsets in 2011. Measure J taxes property owners at a rate of $70.50 per $100,000 of assessed home value. The new tax will pick up where Measure J left off, replacing the current tax rate with a lower rate. The two taxes would not overlap, district staff was careful to reiterate.
Trustees also approved the 2008/2008 district budget and the contract for a new deputy superintendent of business services.
