COMPTON – The Compton School Board voted 5-2 to put another school bond before voters on the November ballot during the regular school board meeting held June 21.
Residents voted in favor of a $350 million bond to replace Compton High School with a state of the art facility which includes a performing arts center funded by a $10 million donation from Compton native Dr. Dre.
The district was able to draw down $250 million of those bonds, but are unable to access the last $100 million.
The district held a groundbreaking ceremony for the new Compton High School and plans to use the new funds, if voters approve, to address the City’s other two high schools with much needed facility improvements.
The two dissenting votes were Mae Thomas and Sandra Moss.
Will residents support another school bond?
BACKGROUND
On November 3, 2015, an election was held on Measure S for the purpose of issuing general obligation bonds of the Compton Unified School District (“District”) for up to $350,000,000. The District has issued two (2) series of its Measure S Bonds in the aggregate principal amount of $250,000,000. While Measure S has remaining authorization, due to Proposition 39 tax rate constraints, the District is not able to access the remaining authorization at this time. The District proposes to authorize an additional general obligation bond measure authorizing $350,000,000 for the purpose of continuing the District’s General Obligation Bond Program to expand equity and access to modern resources to all high school students in Compton and to the Compton community at large to improve and enhance the District’s school facilities.
ANALYSIS
The District’s facilities, including its Centennial High School campus and Dominguez High School campuses, need improvements, renovations, modernization, and enhancements to its school facilities, which may be financed with general obligation bonds of the District. Therefore, the District has determined it is necessary for the District to start the process of authorizing additional general obligation bonds in an amount not to exceed $350,000,000. This Authorization will provide additional general obligation bonds to continue the District’s improvements and enhancements to its school facilities for the benefit of all students in the District.
Read the supporting documents to the school bond measure here.
4 Comments
Why weren’t they able to access the last $100 million…do to tax rate constraints, which are.?? So are the taxpayers on the hook for 350 million plus interest, or 250 million plus interest for the existing CHS Bond?
Good questions. I’ll ask.
CUSD received $198 million in COVID-19 funds over a few months. Open the books and let’s see how that money was abused.
Bringing a school bond measure on the ballot? Absolutely not! Board members, please call me and I will share my objection.