I'm still getting responses about Torrance Unified's latest bonds effort. One being from district officials looking to clear up how long it will take for the bonds to be repaid.
My Sunday article said both the bonds will be paid back in 40 years because it's the time frame the school board approved in an Aug. 4 resolution.
But Torrance Unified said the measures are actually scheduled to be repaid in 30 years, beginning in 2010, if they both pass. I've added the district's breakdown of the payments in this blog so you all can see the numbers for yourselves.
HELPFUL NOTE:
The total yearly repayment schedule for the $265 million Measure Y is on the first page, twelfth column, that says "New Election Total Debt Service."
The total yearly repayment schedule for the $91 million Measure Z is on the second page, twelfth column, that says "Total Debt Service."
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