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Measure O is a general obligation (GO) bond measure on the November 5, 2024, Presidential Election ballot. If approved by 55% of votes cast, Measure O will authorize $74 million to make critical renovations and improve schools throughout the Banning Unified School District. In addition, Measure O will allow the district to qualify for state matching funds.
California school districts commonly use GO bonds to fund improvement projects, such as constructing and renovating classrooms. Similar to a home loan, GO bonds are repaid over time. Funds to repay the bonds come from a tax on all taxable property—residential, commercial, industrial and agricultural—located within the district.
Measure O ‘s estimated average annual tax rate is less than $51 per $100,000 of assessed valuation. Assessed valuation should not be confused with market value. The assessed valuation is the value placed on property by Riverside County and is typically lower than market value.
Measure O ensures that there will be full public disclosure of all spending. An independent Citizens’ Oversight Committee must review and report on all bond expenditures, and a third-party auditor must audit all bond expenditures. Measure O includes a specific list of projects on which bond funds may be spent. Laws prohibit funds from being used for administrators’ salaries,pensions or benefits. Measure O bond funds must be spent on Banning Unified School District’s projects and cannot be taken by the state.
All registered voters in California will receive a vote-by-mail ballot. If you need to register to vote, you can register online atwww.registertovote.ca.gov. Once you complete your ballot, sign your ballot envelope and simply drop your ballot in the mail postage is prepaid—by November 5, 2024. If you need additional assistance or would like to drop off your ballot in person at a Vote Center or Ballot Drop Box, please visit voteinfo.net for more information.