SDCTA is Neutral on Proposition Y: South Bay Union School District Bond Reauthorization

In 2009, projected project costs were found to be grossly underestimated. Revised estimates exceeded the originals by approximately 60 percent. To address this issue, several personnel changes were made, timelines were changed, and scope was revisited. In addition, the District should not consider issuing Capital Appreciation Bonds (CABs) in order to continue construction without further delays.