The proposed bond measure will raise $299 million for school construction and capital improvements.
The tax rate increase in 2017 is estimated at $0.79 per $1,000 of assessed value. On a home with an assessed value of $250,000, the estimated increase will be $197.50 per year or $16.46 per month.
The district cannot collect more than the amount approved by voters. In the case of this bond, that would be $299 million. If property values rise, tax rates decrease so that the dollar amount you pay remains the same. The district does not receive a windfall as property values go up.
This table shows a breakdown of what the bond measure will fund.