Special Board Meeting, Study Session on Facilities, Monday, August 21

On Monday a Special Board Meeting, Study Session was held to examine facility costs and funding streams related to facilities. To view the meeting, please visit our YouTube channel HERE.  

Background on the discussion regarding facilities

At the May 18, 2023, Folsom Cordova Unified School District Board (FCUSD) meeting, District staff presented an overview of the five distinct areas for facility bonding called School Facilities Improvement Districts (SFIDs). The presentation reviewed each of the SFID's history, facility bond measures, debt service, and areas of assessed value.

To see the staff’s presentation, please click HERE.

After the Monday 8/21 Study Session, the Board determined that a further discussion regarding a potential bond measure for SFID 4 (Rancho Cordova) and discussion on new school construction in SFID 3, which covers both cities of Folsom and Rancho Cordova, was needed and will be discussed at the next Study Session in October. 

• Special Board Meeting, Study Session of Facilities: Monday, October 9. 
• Per the Brown Act, Special Board Meeting and Study Session agendas must be posted at least 24 hours prior to the meeting. You may find all posted agendas on our website, located under the BOARD tab at the top of the District website: www.fcusd.org
  • Note: Per the Brown Act, Regular Board Meeting agendas must be posted 72 hours in advance. 

What is a School Facility Improvement District (SFID)?

A portion of a 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 new housing developments that create additional facility needs for the school district.

To learn more about Folsom Cordova’s SFIDs and School Bonds, please visit our website HERE.