South Orange County Economic Coalition Opposes $1.8 Billion Capistrano Unified School Bond
Bond proposal would add to massive debt on region’s business and home owners, threatens property values
MISSION VIEJO, CA – The South Orange County Economic Coalition (SOCEC) today announced its opposition to the Capistrano Unified School District (CUSD) General Obligation bond proposal that voters will consider in November.
Measure M, if passed, would generate $889 million in general obligation bonds, matched by $229 million from the state, to fund unspecified school facility improvements. The bond would be paid back through an estimated tax levy of $43 per $100,000 of assessed value over 35 years. Including interest and fees, property owners and local business owners would pay back a total of approximately $1.8 billion.
As the leading voice for business in South Orange County, SOCEC is monitoring and taking action on a number of bills that have a direct impact on your bottom line. Here’s how your voice can be heard in Sacramento: