By Keri Luiz
Benicia Unified School District trustees on Thursday approved a resolution to issue and sell the first of three series of general obligation bonds authorized by the passage of Measure S in June.
Measure S is a $50 million bond that passed with 63 percent of the vote this summer; it is designed to fund improvements to district buildings and instructional materials with funds that cannot be taken by the state.
The bonds are paid for by taxes on property. Property owners will pay $39 annually — about $3.25 a month — for each $100,000 in assessed taxable property value.