District news
Board Approves Resolution to Set Advance Tax Rate for Final $18M Measure M Bond Series
What happened
The Board unanimously adopted Resolution No. 09-2025/2026, requesting Santa Clara County set a tax rate in FY2026-27 in advance of selling the final ~$18,000,000 series (Series C) of Measure M bonds, rather than waiting until after the bonds are sold.
Why it matters to families
This locks in a property tax levy for district bond debt a year before the bonds are actually sold, aiming to keep tax rates stable and save an estimated $1 million in interest costs for taxpayers, but it commits the county to levying taxes based on an estimated (not final) debt schedule.
The evidence
Motion to approve Resolution No. 09-2025/2026 ... Moved by: Shelly Hong; seconded by: Heather Sutton ... Motion Carries 5-0. The Bonds are expected to be sold during fiscal year 2026-27 in the estimated amount of $18,000,000.
The source
Regular Board Meeting - Mar 10 2026 full minutes packageSee the full record for Moreland School District.
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