The Measure L Bond Program
In November 2003 the San Joaquin 188bet备用网址 Community College District鈥檚 Board of Trustees placed Measure L, a $250-million bond, on the March 2, 2004听ballot. Measure L is the District鈥檚 first bond measure since 1969. The purpose of the bond measure is to renovate, upgrade and expand buildings, many of which are now over 40 years old, develop new facilities and infrastructure, and support site acquisition and development of educational centers to provide access to 188bet备用网址 College throughout the region as growing enrollments warrant.
Since the passage of Measure L, the District has refinanced approximately $146.9 million of its Measure L Series 2005A and 2008B Bonds in 2015. The outcome is a gross savings for District taxpayers of $25.8 million! Plus, the District鈥檚 continued outstanding Aa2 credit rating from Moody鈥檚, and AA-rating from Fitch enabled the District to enjoy lower short and long-term borrowing costs as it issued the final series of Measure L Bonds in Spring 2018.
Your Bond Dollars are Making it Happen!
Since the passage of Measure L, many improvements have been completed. See our projects page for highlights of campus improvements!
