An SFID is a portion of the school district that is taxed through a general obligation (G.O.) bond based on the value of the property and approved by the voters in that portion of the district being taxed. When SFIDs were created in 1998, they required two-thirds voter approval. In July 2001, the Legislature added the option of a 55% voter approval threshold with the additional accountability provisions of Proposition 39. Typically, SFIDs involve housing developments that create additional facility needs for the school district.
The Folsom Cordova Unified School District established a new School Facilities Improvement District (SFID 5) at its June 19, 2014, board meeting. SFID 5 is specific to the area within the City of Folsom, north of Highway 50. The cost of new school construction south of Highway 50 would be paid for by SFID 3, with the bond funds approved in 2007.
At the same meeting, the Board of Education authorized the placement of a $195 million general obligation bond (Measure G) for approval by voters in SFID 5 on the November 2014 ballot. The following links (pdf) provide information about School Facilities Improvement District 5:
Measure G Project Status: The status of Measure G projects can be found by clicking on the school site links below: