If approved, the bond will be funded through a property tax costing $8.56 per month for the average Santa Monica homeowner and $1.59 per month for the average renter, SMC officials said.

Read More:  http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2016/August-2016/08_26_2016_Rivals_Argue_About_Santa_Monica_Colleges_Bond_Measure_Needs.html