To increase student access to computers; maintain and upgrade educational software; keep pace with 21st century technological innovations; and significantly reduce borrowing costs, shall West Hills Community College District issue $20,000,000 of short-term bonds with the interest rates at or below the legal limit, independent citizen oversight, and no money for administrator/teacher salaries, so long as all funds are spent locally and cannot be taken by the State?
Measure T Bonds Planned to be issued in Four Series
| Date | Term | Amount |
|---|---|---|
| 2015 | 4 Years | $4,200,000 |
| 2019 | 4 Years | $4,800,000 |
| 2023 | 4 Years | $5,300,000 |
| 2027 | 4 Years | $5,700,000 |
| Total | $20,000,000 | |
| Bond Program Assumptions | |
|---|---|
| Maximum Est. Tax Rate | $10.00 |
| Avg. Est. Tax Rate | $9.87 |
| AV Growth Assumption | 3.00 % |