Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Why Mutual Funds Fail Against ULIPs
    • How much tax should an investor pay on ₹3 lakh profit from shares or mutual funds? Check calculations
    • As rate hike looms, short duration, alternative and bond ETFs in the spotlight at Future Proof
    • Rs 25,000 Monthly SIP For 5 Years: How much could your investment have grown in top-performing midcap mutual funds?
    • Specialised investment funds vs mutual funds
    • Missed the 7th Annual ETFGI Global ETFs Insights Summit Asia Pacific? You can still register to access the recordings from both days
    • Tatjana Greil-Castro on Bonds : «I Almost Find Kevin Warsh Likeable»
    • Active ETFs set for further growth as advisers sharpen focus on value and fit
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»LAUSD board votes to add $9 billion school construction bond to November ballot 
    Bonds

    LAUSD board votes to add $9 billion school construction bond to November ballot 

    August 7, 2024


    LAUSD’s Nueva Vista Elementary School in Bell.

    Photo Credit: Betty Márquez Rosales

    Voters in November will decide whether to give the Los Angeles Unified School District $9 billion in bond money to upgrade and improve school facilities, the school board decided unanimously Wednesday. 

    The bond is the largest ever put on the ballot by Los Angeles Unified and is just shy of a statewide school bond measure for $10 billion that will also be on the November ballot. For LAUSD’s bond measure to pass, at least 55% of voters will need to vote in favor — which would lead to an uptick in property taxes by roughly $25.04 for every $100,000 of assessed value, according to a district estimate.

    District officials stated that the money is critical, and its schools’ needs urgent. 

    “We have seen schools that are built as Taj Mahals, with the latest and greatest technology, with beautiful green spaces, with outdoor classrooms, with stunning athletic facilities,” Superintendent Alberto Carvalho said Wednesday. “Then you drive down the road one mile, and you see a completely different world that I cannot explain, and frankly, I cannot accept.” 

    More than 60% of LAUSD campuses are at least a half-century old, according to a board report. And schools across the district have more than $80 billion “of unfunded school facility and technology needs.”

    Meanwhile, the costs of construction continue to grow — and have soared by 36% in the past four years, according to the report. 

    If passed, the $9 billion in bond money would help with efforts, including: 

    • Ensuring schools have adequate safety features and are seismically sound 
    • Modernizing campuses in-keeping with “21st century learning”
    • Improving disability access 
    • Reducing discrepancies across older and newer schools 
    • Expanding outdoor spaces, transitioning to a new food service model and improving energy efficiency

    According to district materials, roughly “525 school buildings may need to be retrofitted, modernized, or replaced for earthquake safety.” 

    Amid widespread support at Wednesday’s meeting, Michael Hamner, the chair of LAUSD’s Bond Oversight Committee, said the district did not involve his committee enough in the bond’s development. 

    “While we understand the district’s infrastructure needs are greater than the pool of resources currently available to fund them, the process by which this bond measure was developed and put forward, without consultation of key stakeholders groups such as ourselves — and therefore outside public view — prevents us from providing any meaningful comment,” he said Wednesday. 

    In response, Carvalho stated that while the process of moving forward with this bond was condensed, the district will “not spare any opportunity” to consider the views of various stakeholders. 

    Amidst a declining district enrollment, some have also claimed the district should wait to move forward with a bond measure until they have a better understanding of their needs — especially as LAUSD is relying on taxpayers’ money. 

    Carvalho doubled down, however, on the project’s urgency. 

    He said that regardless of potential changes to enrollment and square footage, the district’s  “critical need for facilities improvement will still be by far an excess of what we currently have and what we will have in the near future.” 

    According to school board member Rocio Rivas, improved facilities are associated with better academic outcomes, improved attendance and better mental health among students.  

    “Kids know when they have not the best — they don’t have it as good,” Board President Jackie Goldberg said Wednesday. “And they do feel, somehow or another, that maybe [they’re] just not worth as much.” 





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Tatjana Greil-Castro on Bonds : «I Almost Find Kevin Warsh Likeable»

    September 13, 2026

    Stocks and bonds are moving together. Here’s why you shouldn’t worry

    September 11, 2026

    Martin Lewis gives Premium Bonds £5,000 alert adding ‘little or nothing’

    September 11, 2026
    Leave A Reply Cancel Reply

    Top Posts

    As rate hike looms, short duration, alternative and bond ETFs in the spotlight at Future Proof

    September 14, 2026

    Private equity funds to buy as the sector bounces back

    September 11, 2026

    Why Mutual Funds Fail Against ULIPs

    September 14, 2026

    Why your SIP may not be delivering the returns you expect: Mistakes that mutual fund investors should avoid

    September 13, 2026
    Don't Miss
    Mutual Funds

    Why Mutual Funds Fail Against ULIPs

    September 14, 2026

    Mutual funds and ULIPs are often compared as if they serve the same purpose. They…

    How much tax should an investor pay on ₹3 lakh profit from shares or mutual funds? Check calculations

    September 14, 2026

    As rate hike looms, short duration, alternative and bond ETFs in the spotlight at Future Proof

    September 14, 2026

    Rs 25,000 Monthly SIP For 5 Years: How much could your investment have grown in top-performing midcap mutual funds?

    September 14, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Precious Metals ETFs: What They Are and How They Work

    June 17, 2026

    These tips for investing in mutual funds and ETFs map a clear market strategy

    February 13, 2025

    Contributing SIP accounts rise after six months – Mutual Funds News

    August 17, 2026
    Our Picks

    Why Mutual Funds Fail Against ULIPs

    September 14, 2026

    How much tax should an investor pay on ₹3 lakh profit from shares or mutual funds? Check calculations

    September 14, 2026

    As rate hike looms, short duration, alternative and bond ETFs in the spotlight at Future Proof

    September 14, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.