Cuesta places $275 million bond on ballot
July 30, 2014
The Cuesta College Board of Trustees voted unanimously Tuesday to place a $275 million bond measure on the November ballot.
If 55 percent of voters approve of the initiative, San Luis Obispo County property owners will receive annual assessments of $19.45 per $100,000 of assessed value. The measure will also affect some property owners in Southern Monterey County.
Cuesta College is requesting the additional funding for campus repairs and upgrades. The revenue would go toward modular classroom safety, technology upgrades and the construction of a job and career training facility in North County.
In addition, Cuesta also plans to use funds from the bond initiative to help eliminate or refinance millions of dollars of debt.
Many voters in San Luis Obispo County will have sales tax measures on their ballots in addition to the Cuesta bond initiative. Voters in the city of San Luis Obispo will have the Cuesta bond, a city sales tax renewal and a San Luis Coastal school district bond measure on their ballots.
Election day is Nov. 4.