
Sausalito Marin City School District trustees voted this week to ask residents for approval of a $41.6 million bond measure on the Nov. 3 ballot.
The measure, approved in a 4-0 vote Wednesday with trustee Josh Barrow absent, would go to pay for capital repairs at district buildings at both Sausalito and Marin City campuses. It requires approval by 55% of voters.
If approved, the bond would cost $30 per $100,000 assessed valuation of a district residential or commercial property. The full tax amount would not be levied until the bonds are issued, likely in a series of about three sales blocks over multiple years. Taxpayers would only be covering the partial tax amount as the bond series are issued.
The earliest taxpayers would see any impact on their tax bills would be in the 2021-22 tax year. That’s if the first series of bonds are sold in early 2021, said district Superintendent Itoco Garcia. He said it was more likely that the first bond sale would be later in 2021, meaning that tax bills would not be impacted until the 2022-23 tax year.
Trustees said the bond-funded repairs were imperative for student and staff safety. Barrow said earlier he did not support the bond because it was not good timing due to the pandemic’s blow to the economy and that not enough work had been done on a facilities plan, coordinating with other agencies or funding programs.
The majority of trustees disagreed, saying that the timing was right since the actual bond issuance and repairs would not be started for years, and that additional grants or tax credits are still available for projects that would not be covered in the bond amount.
A facilities plan has been generally mapped out as the unification of the district’s two schools is moving ahead, trustees said.