Funding Facilities

MVWSD builds and maintains the types of facilities that our community expects, while ensuring we are good stewards of our community’s investment. The District’s general obligation bond rating is an Aaa from Moody’s and an AA from Standard & Poor, bolstered by its exceptionally large Silicon Valley tax base; a strong financial position with large reserves and liquidity; and strong management.

Click here to learn more about the District's capital projects.

How capital projects are funded:

  • Measure T, a $259 million bond measure, will be considered by voters on the March 3, 2020 ballot. 

  • Measure G touched every school with improvements and renovations. Passed in 2012, Measure G generated $198 million to provide safe, efficient, and modern facilities for District students and staff. Measure G projects were completed in 2019. 

  • Certificate of Participation. The Board approved use of existing school-building lease revenue to issue and pay for $40 million Certificate Of Participation (similar to a loan). The District can use lease, contingency and Shoreline funds to open Jose Antonio Vargas Elementary in 2019, at an estimated cost of $25 million, as well as make other capital improvements such as the new District Preschool and the District Office. 

  • State funding
  • Shoreline funds
  • Deferred maintenance funds

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