The San Francisco Unified School District plans to sell $150 million of general obligation bonds in January.
The bonds were approved by voters in 2006 as part of a $450 million GO referendum that will fund essential health and safety repairs and accessibility upgrades to bring the district in compliance with the Americans with Disabilities Act.
SFUSD has already sold $100 million from the authorization and will have $200 million left after the January bond issue, according to Jean Buckley, the district’s financial adviser and president of Tamalpais Advisors Inc. in Sausalito. The school system has used up $280 million of its $295 million 2003 GO authorization.
The San Francisco Examiner reported last week that SFUSD is starting to plan for a new and larger modernization program, but both Buckley and School Board member Jill Wynns — who has helped lead previous bond campaigns for the district — said it is too early in the planning to know how big the measure will be or when it will reach the ballot.
