The City of San José is proposing a $650 million general obligation bond measure for the November 2018 ballot to:
The City Council has also adopted an allocation plan that provides more specificity as to the projects eligible for bond funding.
What the Bond Could Do
Bond funding could be used for firefighter, police officer, and paramedic emergency response by:
Bond funds could be used for earthquake, wildfire, flood, or major disaster preparation by:
Roads and Bridges
Assuming the $650 million principal amount in Bonds authorized by Measure T is issued, at least $300 million in bond funds will be issued to repave streets and potholes rated to be in the worst condition. Additional funding could be used to:
Many city services, such as public safety, disaster response, and transportation, rely on physical infrastructure. As the City has grown and technology has changed, many of our public safety and emergency response facilities have become outdated and undersized. The 2017 Coyote Creek floods revealed that many of our facilities are not ready for a citywide emergency.
Measure T would allow the City to invest in critical public safety, disaster response, and flood control infrastructure. It would also provide $300 million to repave streets in the worst condition.
How will it work?
Measure T would authorize the City to issue General Obligation Bonds. Projects in this bond measure would be constructed over the next decade, using proceeds from the bond sale.
The bonds would be repaid through an ad valorem property tax levied each year in an amount sufficient to pay interest and principal on the bonds. The City estimates that repayment of Measure T would result in an average levy of 11¢ per $1000 of assessed value for properties located in San José, averaging $34,208,000 annually until repaid. (More information on the cost of the bonds can be found in the Tax Rate Statement. The bond program would be required to undergo an annual audit and be subject to a Citizen’s Oversight Committee.
Read the Measure T FAQ
Return to the Election 2018 Main Page