College board considers bond measure
Despite criticism over how it spent $2.2 billion in previous bond funds, the Los Angeles Community College District board is expected to vote today on placing another bond measure of up to $5 billion on the November ballot. Connie Llanos in the Daily News.
If it passes, Los Angeles city residents could expect to pay $17 to $25 more in taxes per $100,000 of assessed property value to cover the bonds.
The decision comes even as district officials say they have more than $1 billion remaining from two previous bonds and about 200 unfinished projects.
But with 27 construction projects under way - including some at Harbor College in Wilmington - and several new vocational demands on the horizon, that money won't last long.
"We are spending about $15 (million) to $20million a day on construction," said Larry Eisenberg, director of facilities,