But unlike in 2018, this year's opponents submitted a ballot argument against Measure QS and are making the rounds presenting their case to residents in different parts of the city, organizers said.
If the bond is approved, property owners would pay an estimated $28.70 per $100,000 of assessed value through fiscal years 2051-52, according to the Tax Rate Statement for the bond.
The total debt service, including the principal and interest, to repay if all the bonds are issued and sold is $879,372,000.
Santa Monica residents have "voted 'Yes' for every bond since 1998 -- ALMOST TWO BILLION DOLLARS, including interest" and "didn't get what was promised."
Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2024/October-2024/10_21_2024_Ragtag_Army_Takes_on_School_Bond.html
