Despite generally favorable real estate conditions, three local educational agencies are seeking state relief from debt limits that otherwise would prevent them from issuing recently-approved bonds for needed campus improvements.
Natomas Unified, Perris Union and Sanger Unified have each petitioned the CA State Board of Education in hopes of receiving a waiver from state laws that restrict how much bonded indebtedness a school district can carry.
High school districts cannot exceed 1.25 percent of the taxable assessed valuation of real estate within the district’s boundaries; for unified school districts, the limit is 2.5 percent.
