Reed Union School District puts $115M bond measure on ballot

The Reed Union School District will ask voters to approve a $115 million bond measure this November to fund facilities upgrades across all three of its campuses.

The district’s board of trustees at its June 8 meeting unanimously approved placing the measure on the Nov. 3 ballot. At the same meeting, the board unanimously approved spending up to $48,050 on a public-information campaign ahead of the election.

Board member Afsaneh Zolfaghari noted that forwarding the bond measure to the ballot was the culmination of four years of discussion and community engagement, including the district’s work to come up with a long-range facilities plan intended to guide building projects at Reed and Bel Aire elementary schools and Del Mar Middle School over the next 10-15 years.

The proposed $115 million bond would charge a tax of $30 per $100,000 of assessed value on properties in the district, which includes Tiburon, Belvedere and east Corte Madera. The district would net about $6.2 million annually. For the median district home assessment of about $2.14 million, the tax would be about $635 annually.

If the bond measure wins the 55% voter approval it needs to pass, the tax would be levied starting in fiscal year 2027-2028 and would run through 2061. The tax amount would likely decrease slightly in the bond’s later years as the district’s debt service decreases.

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