Chula Vista’s bond measure to construct what could be the county’s first reasonably priced housing devoted to a faculty district’s lecturers handed with barely sufficient votes.
Chula Vista Elementary Faculty District’s Measure M handed with 55.four % of the vote as of the ultimate vote counts licensed Thursday.
The measure barely met the 55 % margin wanted to succeed. On the March three major election night time, the measure was trailing with 53 % of the vote.
Measure M, which can fund $300 million price of initiatives, was one of many few native college bond measures to reach the March major.
San Ysidro’s was the one different district bond in San Diego County that succeeded.
“The final ballots have been counted, and shock! Measure M achieved victory,” Chula Vista spokesman Anthony Millican stated in an e mail. “Some media studies had included our District amongst listings of failed college bond measures within the state. It was untimely to depend us out. We’re grateful and pleased with the assist we obtained.”
Measure M will construct 100 items of below-market-rate residences for lecturers and employees employed by Chula Vista Elementary Faculty District. The trainer housing undertaking will price about $65 million.
The measure additionally will fund amenities enhancements in any respect district colleges, akin to safety cameras, classroom repairs, new heating and air con, and photo voltaic vitality programs.
Measure M will increase taxes by $30 per $100,000 of assessed property valuation every year till 2044. After factoring in curiosity, the measure will price as much as $399.7 million.
The district proposed trainer housing to draw and retain lecturers amid housing affordability points. San Diego is the third most costly metro space within the nation to afford a house, in accordance with mortgage website HSH.
San Diego residents would wish an annual wage of $124,758 to afford a median-priced dwelling of $655,000, in accordance with HSH. In the meantime, trainer salaries in Chula Vista Elementary vary from $51,700 to $103,800 a yr.
The district has not determined the place the trainer housing shall be situated; it could be constructed on repurposed property the district already owns. The trainer housing will encompass one- and two-bedroom residences renting at 70 to 80 % of market charges, district officers stated in February.
It’s anticipated to take about 4 to 5 years for planning and development of the trainer residences.
As of Thursday’s licensed vote outcomes, bond measures for the next college districts failed: Cajon Valley Union, Escondido Union, Lakeside Union and Poway Unified.
The statewide college bond measure, Proposition 13, was nonetheless failing as of Friday afternoon with 53 % voting no. Statewide voting outcomes gained’t be accomplished till late April, in accordance with the Secretary of State.
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