Dedicated to excellence in education
Measure G - $195 Million Bond - 2014
Folsom School Facility Improvement District (SFID)
Map of SFID 5
What is a School Facility Improvement District (SFID)?
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:
Folsom Facilities Needs - August 2014
Measure G Frequently Asked Questions
Resolution of Formation of SFID 5
Resolution for School Bond Accountability and Transparency
Measure G Project Status: The status of Measure G projects can be found by clicking on the school site links below:
Measure G Citizens Oversight Committee (COC): Law requires that a Citizens Oversight Committee be established to assure that bond funds are used as outlined in the ballot. The committee is composed of parents, seniors, business and civic leaders and meets on a quarterly basis. The committee reviews an annual audit performed by an outside firm and reports its findings to the community. Click on the following link for more information: Measure G Citizens Oversight Committee