Proposition B: $1.30 billion Bond for School Buildings

THIS IS A PROPERTY TAX INCREASE The issuance of $1,299,520,000 of bonds for the improvement, capital renovation, repair and replacement, and equipment of and additions to existing school buildings in the District, for the purchase of new school buses, for the retrofitting of school buses with emergency, safety, or security equipment, and for the purchase or retrofitting of vehicles to be used for emergency, safety, or security purposes, and the levying of a tax sufficient to pay the principal of and interest on the bonds and to pay the costs of any credit agreements executed or authorized in anticipation of, in relation to or in connection with the bonds.