With a widening lead, Elk Grove Unified's $542 million Measure N bond projected for approval
The bond will result in assessments of about $34 per $100,000 of assessed property value.
Vote tallies released yesterday afternoon by the Sacramento County Voter Registration and Elections show approval of the Elk Grove Unified School District's Measure N bond with a widened lead.
With 174,072 uncounted votes countywide, Yes on Measure N has 59 percent with 61,273, and No has 42,085. Tallies released last Friday had Yes votes with 58 percent.
With a widening lead and a diminishing pool of uncounted votes in the Elk Grove Unified School District, Measure N is projected to be approved. It needed 55 percent affirmative votes to pass.
The measure will permit the sprawling district to issue 30-year bonds with a current value of $542 million. Bond proceeds will be used for new facilities and upgrades to existing structures.
The bond will result in assessments of about $34 per $100,000 of assessed property value. According to Zillow, Elk Grove houses have a $647,000 median value, so the median annual assessment will be approximately $220.
