July 30, 2018 -- The School Board on Thursday placed bonds on the November ballots in Santa Monica and Malibu that together amount to $680 million, the largest ever placed before local voters.
The $485 million bond for Santa Monica and $195 million for Malibu came after the board created School Facility Improvement Districts (SFIDs) for each City in anticipation of Malibu's possible split.
A $485 million bond for Santa Monica would cost an average of $27 million annually, with estimated taxpayer levies of approximately $40 per $100,000 of assessed (not market) value, District officials said.
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