New School=Tax

It would appear that the addition of a fourth school here in Foster City is going to come along with a tax in order to pay for it. The land can be purchased through funds through the 2008 Measure L. The contruction of the new school is to be funded by a bond measure costing $18 to $20 per $100,000 of a home’s assessed value.

The details of this big event were published in the Daily Journal a couple of days ago. Here’s a link:

Fourth School May Mean Tax For Foster City

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