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October 10, 2007

Comments

To clarify, school GENERAL OBLIGATION bonds only require the lower 55% threshold; however, other types of school bonds (i.e., Mello Roos/Comumunity Facilities District)require the usual, higher 2/3 supermajority. Either way, here's more detail from the actual ballot (I've come to appreciate firsthand how important it is to read the "fine print" before making an "investment" decision!):

Tax Rate Statement
http://www.smartvoter.org/2007/11/06/ca/sm/meas/A/#tax

Full text (with caveats about state matching funds):
http://www.smartvoter.org/2007/11/06/ca/sm/meas/A/#text

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