The Measure L Bond Program
In November 2003 the San Joaquin Delta Community College District’s Board of Trustees placed Measure L, a $250-million bond, on the March 2, 2004 ballot. Measure L is the District’s 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 Delta 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’s continued outstanding Aa2 credit rating from Moody’s, 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!