Skip To Main Content

Bond Overview

LOSD has embarked on a three-phased capital bond improvement program.

  • Phase 1: Passed by voters in 2017 with 59% approval, raising $187 million plus $32 million in premiums, costing taxpayers an additional $1.16 per $1,000 of assessed value.

  • Phase 2: Passed by voters in 2021 with 57% approval, raising $180 million plus a $4 million OSCIM Grant and $12 million in anticipated premiums, costing taxpayers an additional $0.83 per $1,000 of assessed value.

  • Phase 3: Passed by voters in 2025 with 72% approval, raising $245 million. It maintained the current estimated tax rate; no increase anticipated.

A public school district uses a bond issue to finance capital projects. Measures are placed on the ballot, along with information about the specific projects the district would complete if approved by the voting public.