On 6/13/2024, the board of CUSD voted unanimously to put a school bond measure on the ballot of November 2024 General Election.
Below is the bond language:
With funds the State cannot take and no projected increase in current tax rates, shall Cupertino Union School District’s measure to replace leaky roofs/ plumbing and expand CUSD’s Science, Technology, Engineering, and Math classrooms in Cupertino, Los Altos, San Jose, Santa Clara, Saratoga and Sunnyvale be adopted, authorizing $347 million of bonds with average levies below $21 per $100,000 of assessed valuation (generating $23,300,000 annually) while outstanding, audits, legal rates, independent oversight, State matching funds eligibility, and full disclosure of spending?
The bond needs 55% approval rate to pass.
There were three plans for the bonds at first. But eventually the board chose this plan, or “Tax Rate Extension” plan. CUSD residents are paying for two previous bonds right now. But one bond will expire in 2028. If passed, the new bond will kick in from 2028 resuming the expired bond rate. So tax payers won’t see any increase in the tax rate. Please see the picture below.
