Politics & Government

Measure M School Bond Issue On The Fremont Ballot, Nov. 2024

The district is seeking to issue $919 million in bonds with a total repayment projected to be $2 billion.

FREMONT, CA — Fremont residents will begin receiving November 2024 election ballots in just over a week, as Alameda County is required to begin the mailing process by Oct. 7.

Of particular interest to Fremont residents in Measure M, a bond issue placed on the ballot by Fremont Unified School District.

The bond aims to raise $919 million for infrastructure improvements. If passed, the measure would fund renovations to aging school facilities, technology upgrades, and construction of new classrooms to accommodate student enrollment.

Measure M requires a 55-percent majority for approval and would impose an estimated tax of $49 per $100,000 of assessed property value, or an extra $490 in taxes each year on a $1 million home. According to the filing, "The best estimate of total debt service, including principal and interest, that would be required to be repaid if all the bonds are issued and sold will be approximately $2.0 billion."

The bond measure would support projects such as the repair of deteriorating roofs, plumbing, and electrical systems, and the enhancement of security features on FUSD campuses. It also includes plans for expanding STEM (science, technology, engineering, and math) education facilities.

Proponents argue the funds are essential for creating a safe and modern learning environment, while opponents raise concerns about the potential tax burden on residents.


PREVIOUS: Fremont USD Places Bond Issue On November Ballot


The measure on the ballot will read as follows:

"To repair/upgrade local schools by updating classrooms/ science labs/ classroom technology/ equipment; replacing leaking roofs; replacing outdated, aging/ deteriorating portables with permanent classrooms; acquiring, constructing, repairing classrooms, facilities, sites/ equipment; and replacing inefficient HVAC, electrical/ plumbing systems with updated sustainable systems; shall Fremont Unified School District's measure authorizing $919,000,000 in bonds at legal rates, levying 4.9(cents sign)/ $100 assessed value ($63,000,000 annually) while bonds are outstanding, be adopted, requiring citizen oversight/ audits, and no money for administrators' salaries?"

Read all documents submitted to Alameda County for Measure M. Starting on page 12 is the project list. On page 17 is the Tax Rate Statement required by law.

Election Day is set for Nov. 5, 2024, with all registered voters receiving a vote-by-mail ballot.

Also See:

Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.