Measure E: The voters of the City of Beverly Hills approved Measure E on November 4, 2008. Measure E authorized the Beverly Hills Unified School District (“District”) to issue general obligation bonds, in an amount not to exceed $334,000,000.
Background: To provide safe and modernized school facilities, make necessary structural seismic safety repairs, upgrade, repair, and reconstruct aging classrooms, infrastructure, multiuse, gyms, libraries, science, technology & labs; roofing, plumbing, heating, ventilation and electrical systems; renovate Beverly Hills Unified School District schools to better protect student/staff from unauthorized entry, security risks and natural disasters; shall Beverly Hills Unified School District issue $334 million in bonds at legal interest rates subject to mandatory audits, and an independent citizens’ oversight committee.
Purpose: Funds received from the sale of the bonds shall be used for the specific purposes set forth in this Measure including modernizing school facilities; making structural seismic repairs; upgrading, repairing and reconstructing classrooms, infrastructure, multi-use, gyms, libraries, science and technology labs, roofing, plumbing, heating, ventilation and electrical systems. No funds may be used for teacher and administrator salaries or any other school operating expenses.
Oversight: Independent performance and financial audits will be performed annually to ensure that the funds received from the sale of the bonds are expended as specified in the Measure. All bond expenditures will be monitored by an independent Citizens’ Oversight Committee to ensure that the funds are spent as specified.
Click on the PDF below to see the Horace Mann School plan.