If passed, Measure J would authorize the San Leandro Unified School District to issue $174 million in general obligation bonds to fund improvements to school facilities.

The bond measure is projected to cost property owners approximately $37 to $60 per $100,000 of assessed property value per year until 2055, raising an estimated $343 million over the life of the bond to cover both principal and interest costs.

The bonds cannot be used for administrator or teacher salaries. Measure J includes accountability provisions like an Independent Citizens' Oversight Committee and requirements for annual independent audits.

Property owners within the school district boundaries would be responsible for repaying the bond debt through increases in their property tax bills.

The bond revenue would benefit San Leandro USD students by funding updated school infrastructure.