In November 2010, the Santa Barbara tax payers approved a 35 million dollar bond for the Santa Barbara School District (Measure R) and a 75 million dollar bond for the Santa Barbara Secondary School District (Measure Q). Currently, the Santa Barbara Unified School Districts (SBUSD) has sold $15 million worth of Measure R bonds and $30 million worth of Measure Q bonds. The SBUSD’s project list far exceeds the amount of funds remaining in bonds.
David Casnocha, the district’s bond attorney from Stradling, Yocca, Carlson & Rauth and Joanna Bowes, the district’s bond financial advisor from Keygent Advisors will be providing the board with options for selling additional bonds to complete the district’s current facility needs.