$58.13 annually per $100,000 of assessed value multiplied by PUSD's estimate that the bonds will be outstanding for at least 28 years. The ballot language discloses only the principal amount of the obligation which is $900 million. The PUSD estimates that with interest costs totaling $700 million, the total real cost of the bond will be $1.6 billion.
This is a $90 parcel tax for eight years = $720.
The tax on you to pay off existing 2008 Measure TT bonds is the assessed value of your home divided by $100,000 multiplied by an average of $34.03 a year for the next 13 years.
Source: PUSD Debt Management Strategy prepared September 14, 2023, Page 7 (see below).
The tax on you to pay off existing 2020 Measure O bonds is the assessed value of your home divided by $100,000 multiplied by an average of $40.76 a year for the next 21 years.
Source: PUSD Debt Management Strategy prepared September 14, 2023, Page 10 (see below).
PAID FOR BY PASADENA, ALTADENA AND SIERRA MADRE VOTERS FOR SCHOOL REFORM 2024 - NO ON MEASURES EE AND R
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