The Way It Is Now:

• The San Francisco Unified School District (School District) operates the San Francisco public school system, educating over 49,500 students from pre-K through 12th grade.
• The School District maintains its facilities using funds from:
  • Voter-approved bond measures
  • Local parcel taxes
  • Developer fees
• To issue general obligation bonds, the School District must provide voters with a list of project types for fund allocation.
• State law prohibits using bond funds for teacher/administrator salaries or operating expenses.
• The most recent school bond was approved in 2016.
• Property tax revenues pay for the principal and interest on general obligation bonds.

The Proposal:

Proposition ___ would authorize the School District to borrow up to $790 million by issuing general obligation bonds for the following purposes:

• Address health and safety risks:
  • Seismic upgrades
  • Improve accessibility for people with disabilities
  • Fix damaged buildings
  • Remove hazardous materials
• Repair and replace major building systems:
  • Electrical, heating, water, sewer
  • Lighting, security, fire sprinkler systems
• Modify building interiors and exteriors:
  • Classrooms, playgrounds, fences, gates
  • Fields, bleachers, landscaping
• Add or expand classrooms and school buildings:
  • Including portable classrooms
  • Transitional kindergarten facilities
• Upgrade security and technology infrastructure
• Build or renovate common, administrative, and athletic areas:
  • Kitchens, student nutrition facilities
  • Theaters, auditoriums, gymnasiums
  • Locker rooms, offices, transportation facilities
  • Warehouses, buildings and grounds facilities
• Construct a new central food hub
• Replace temporary classrooms with permanent structures
• Comply with applicable codes and regulations

The School District would be required to create an independent citizens' oversight committee to review and report on the use of these bond funds.

Note: Proposition ___ may require an increase in property tax to pay principal and interest on the bonds. This measure requires 55% approval of votes cast.

What Your Vote Means:

• A "YES" Vote: You want the School District to issue up to $790 million in general obligation bonds to improve, repair, and upgrade School District sites, and to build new facilities.
• A "NO" Vote: You do not want the School District to issue these bonds.

1. The city is proposing to sell $790 million in bonds.

2. If approved, this will increase property taxes:

   • Starting in 2025-2026: About $9 per $100,000 of property value
   • Highest in 2030-2031: About $19 per $100,000 of property value
   • Average over time: About $13 per $100,000 of property value

3. For a home worth $700,000, the highest annual tax increase would be around $129.

4. The total cost to repay the bonds, including interest, is estimated at $1.3 billion.

5. Landlords might be able to pass some of this cost to tenants, depending on when the tenancy started.

6. These are estimates and may change based on when bonds are sold and actual property values.