Measure I would authorize $550 million in school facilities bonds for the Hayward Unified School District, providing funding to modernize aging school buildings.

Bond repayment is estimated to cost $60 per $100,000 of assessed home value annually through 2058. Funds would update infrastructure and technology, improve earthquake safety and drinking fountains, remove hazardous materials, and replace portables.

Taxpayer safeguards like independent oversight and audits are required. Homeowners within Hayward USD boundaries would see higher property taxes to repay the bonds.

The measure aims to upgrade school facilities to enhance the learning environment for over 20,000 district students.

Approval requires 55% of votes.