Dixon Unified leaders amend proposed $34.5M bond measure, to $30.4M – The Reporter

By Richard Bammer

After a somewhat contentious governing board meeting, Dixon Unified leaders on Thursday amended a proposed $34.5 million bond measure and, instead, approved a $30.4 million bond to upgrade some aging district schools that voters will consider on Election Day, Nov. 8.

The reduced bond measure, which will be sent for ballot approval to the County Registrar of Voters in the coming days, came after nearly four hours that eventually boiled down to pro-and-con discussion about placing one of two separate $4 million bond measures on the ballot that would allow voters to decide whether they wish to pay for existing lease financing, through certificates of participation (COPs). They are connected to the original construction of Gretchen Higgins Elementary. (A COP is a type of financing in which an investor, such as a school district or city council, buys a share of the lease revenues rather than the bond being secured by those revenues.)

Source: Dixon Unified leaders amend proposed $34.5M bond measure, to $30.4M

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