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Hemet Unified School District

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Measure T » Measure T Summary

Measure T Summary

Measure T Summary

Voters passed Measure T, the $149 Million General Obligation Bond on the November 7, 2006 Ballot.

The first series of Measure T Bonds (Series A) of $60 million was issued March 1, 2007.  Proceeds were spent only on construction, reconstruction, rehabilitation or replacement of school facilities including furnishings and equipping of school facilities on acquisition or lease of real property for school facilities as identified in the projects list of Resolution Number 1608 of the Hemet Unified School District.

The second series of Measure T Bonds (Series B) of $40 million was issued in March, 2008.  Proceeds were spent only on construction, reconstruction, rehabilitation or replacement of school facilities including furnishings and equipping of school facilities on acquisition or lease of real property for school facilities as identified in the projects list of Resolution Number 1608 of the Hemet Unified School District.

The district sold $25 million in bond anticipation notes (BAN) in July 2010.  The BAN was used for phase II and III of Hemet High School.  The district used its eligibility in the federally backed Qualified School Construction Bond (QSCB) program to subsidize the interest cost of the BAN.  The BAN debt payment was paid June 2015 with proceeds from Measure U Bond.

A new bond measure (Measure U) was passed in November, 2012 to reauthorize the remaining $49 million of Measure T’s authorization.  Measure T decertified $49 million making its total authorization $100 million.