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San Jose Unified Civic Gallery School board agenda intelligence

Matter SJUSD-57394-2166121

5. Measure R CBOC Annual Report (ACTION)

Facilities & Bonds Board of Education
1 Document on file 166 KB · 1 extracted · 1 AI summary
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SJUSD-57394-2166121
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24 Jun 2026 · 05:33

The papers

1 document · 166 KB
01 166 KB

2025 Measure R CBOC Annual Report (CBOC Approved 2-9-2026)

166 KB Extracted AI Summary
file 2025 Measure R CBOC Annual Report (CBOC Approved 2-9-2026).pdf sha d09494b975c0 source Open source document ↗
Generated summary AI-assisted

The Measure R Citizens’ Bond Oversight Committee (CBOC) presents its first Annual Report on the expenditure of Measure R bond funds for the San José Unified School District (SJUSD) for the year ending December 31, 2025. Measure R, passed by voters in November 2024, authorized SJUSD to issue up to $1.15 billion in bonds for facility improvements. The first series of bonds was sold in July 2025 for $150 million. No funds were expended prior to December 31, 2025, and no audits have been performed yet. The CBOC was established in December 2024 and is responsible for overseeing the expenditure of these funds. The report includes information about the development of a Facilities Master Plan and affordable housing initiatives.

Key points
  • The CBOC is presenting its first Annual Report for Measure R bond funds.
  • Measure R was passed in November 2024, allowing SJUSD to issue up to $1.15 billion in bonds.
  • The first series of bonds (Series A) was sold for $150 million in July 2025.
  • No Measure R funds were expended before December 31, 2025.
  • The CBOC was established in December 2024 and consists of volunteer members.
  • The report outlines the development of a Facilities Master Plan and affordable housing initiatives.
Limitations
  • The report does not provide specific financial details or outcomes since no expenditures occurred in 2025.
  • There are unresolved placeholders regarding the appointment of new CBOC members after a resignation.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

Extracted text preview · 6,151 chars
Measure R Citizens’ Bond Oversight Committee San José Unified School District Committee Members Barbara Atak Gini Bossenbroek Lindsey Centeio, Secretary David Farkouh Marco Faustino, Vice Chair Michael Smith, Chair February 9, 2026 Dear Residents of the San José Unified School District, On behalf of the Measure R Citizens’ Bond Oversight Committee (CBOC or Committee), I am pleased to present the first Annual Report on the expenditure of San José Unified School District (SJUSD or District) Measure R bond funds. This report provides an overview of the Measure R bond program and CBOC activities for the year ending December 31, 2025. About Measure R Measure R, which was passed by voters in November 2024 with 64.7% of the vote, authorized SJUSD to issue and sell up to $1,150,000,000 in general obligation bonds for facility improvements to: • improve school safety; • upgrade neighborhood schools and classrooms for science, technology, engineering, math, athletics and multipurpose use; • update electrical, roofing, ventilation, and plumbing systems; and • provide affordable housing to attract and retain high-quality teachers and staff. The bonds will be paid off through an increase in...