Malibu Voters Favor $395M School Bond Measure: Semi-Final Results

MALIBU, CA — The $395 million Malibu school bond measure is heading toward approval, according to semi-final results.

Measure MM was favored by Malibu voters 60.54% to 39.46%, or 3,620 "yes" votes vs. 2,360 "no votes," according to the last tally released by election officials Wednesday afternoon.

The measure needs 55% approval in order to take effect.

The results reflect 2.62 million ballots counted countywide by early Wednesday morning, representing 45.59% of registered voters, which the Los Angeles County Registrar-Recorder/County Clerk's Office said were "semi-final results." The results also reflect another approximately 80,000 counted ballots reported by the registrar's office on Wednesday afternoon.

There are still "many" ballots left to count: The registrar plans to release updated counts each day after 4 p.m. until all ballots are counted and the results are certified, the registrar's office said.

The measure would increase property taxes by 4 cents per $100 of assessed value — in other words, $39.95 per $100,000 of assessed value. The funds would be used for school construction, upgrade and repair projects.

More information on what the Santa Monica-Malibu Unified School District plans to do with the bond proceeds is available on its website.

Read more: Up-to-date results for the Malibu City Council race