Bond and Parcel Tax Information
Measure J Bond
Measure J Bond Banner

The Hope Elementary School District Planning and Construction Management oversees new construction and modernization of all district facilities. The department is responsible for the district’s short and long-term facility needs, including enrollment and staffing projections to identify facility needs.

Through careful planning and support from the community, Hope Elementary School District has prepared well to accommodate the current needs of our students, staff, and community.  In March 2020, the Hope School District community voters passed Measure J. This $47.4 million bond will provide funding for the modernization of our facilities, including new construction at Hope Elementary School, Monte Vista Elementary School, and Vieja Valley Elementary School.

The first series of $12 million was sold in May 2020, received in June 2020, and deposited in Fund 22 (Bonds). The district must spend 85% of those proceeds within three years. Staff predicts all $47.4 million proceeds will be spent by 2025. Closing out the bond program requirements by June 2026.

For more information, please see additional sections on the webpage to review the school site project list, timeline, and status.

Current projects include:

Vieja Valley Elementary School Multi-Purpose Building Modernization – Substantially Completed November 2022 – Closeout Phase

Vieja Valley Elementary School Alterations – November 2024

Monte Vista Elementary School Alterations and New Classroom Building – Bid Phase

Hope Elementary School Alterations and New Classroom Building – Planning Phases

Staff Member's Contacts
November 2024 Ballot - Measure Y

You can find the correct version of the Measure Y FAQs here.

Measure Y authorizes the Hope School District to sell up to $40,300,000 in bonds. This measure protects taxpayers by ensuring that the combined maximum tax rate of current and Measure Y bonds does not exceed $59 per $100,000 of assessed value.

If approved by 55% of the voters voting on the proposition, this measure authorizes the Hope Elementary School District (School District) to issue and sell bonds of up to $40,300,000 in aggregate principal amount to provide financing for the specific types of school facilities projects listed in the School District's Project List. The Project List, as well as the full text of the measure, are printed in the voter information guide. None of the proceeds from the sale of bonds may be used for teacher or administrator salaries or operating expenses.

Based upon the foregoing and projections of the District's assessed valuation, the following information is provided:

1. The best estimate of the average annual tax rate that would be required to fund this bond issue over the entire duration of the bond debt service, based on estimated assessed valuations available at the time of filing of this statement, is $18.26 per $100,000. It is currently expected that the tax will be collected until fiscal year 2054-55.

2. The best estimate of the highest tax rate that would be required to fund this bond issue, based on estimated assessed valuations available at the time of filing this statement, is $19.00 per $100,000 of assessed valuation. This rate is projected to apply in only the fiscal year 2025-26.

3. The best estimate of total debt service, including principal and interest, that would be required to be repaid if all the bonds are issued and sold will be approximately $76,300,000.