SDCTA Supports Proposition GG (Nov 2016) - "Cardiff School"
The Cardiff School District proposed bond measure meets key provisions of SDCTA's Bond Support Criteria. The application submitted by the District outlines the need of the District, plans, and draft budgets for each of the proposed projects. The descriptions of the projects submitted and outlined in the Master Plan have been thoroughly vetted, and no reason has been found that would prevent the District from executing the projects. The District has documented its intent to issue 30-year Current Interest Bonds as its financing mechanisms, and has adopted SDCTA's policy regarding the use of Capital Appreciation Bonds.