Measure V Bond Program – La Mesa-Spring Valley Schools

Director, Business Services & Chief Safety Officer
Dr. Robert Cochran
(619) 668-5700 x6220
robert.cochran@lmsvschools.org

Measure V is a $136 million general obligation bond approved by voters in 2020 to improve La Mesa-Spring Valley School District’s aging facilities, improve student safety and campus security, and provide critical infrastructure and accessibility upgrades.

Thanks to our community, Measure V passed with nearly two-thirds approval. Measure V complies with California’s Proposition 39, the Smaller Classes, Safer Schools, and Financial Accountability Act. The Act includes requirements for a voluntary Citizens’ Bond Oversight Committee (CBOC) to review expenditures and provide annual reports to the community to confirm that expenditures comply with ballot language.

By law, all funds raised by Measure V will remain local and used to improve La Mesa-Spring Valley schools, classrooms, and facilities; funds cannot be taken away by the State. Funds cannot be used for salaries or pensions. Moody’s Ratings (Moody’s) has assigned a Aa3 rating to La Mesa-Spring Valley School District, CA’s General Obligation Bonds, 2020 Election. Moody’s maintains an A1 issuer rating for the district and Aa3 ratings on its outstanding general obligation unlimited tax (GOULT) bonds.