Understanding Bonds and Prop 2: A Conversation with EastShore Consulting

On this episode of the SSDA Soundwave, host Yuri Calderon talks with Michael Riemenschneider and Shin Green from EastShore Consulting about what small and rural districts need to know as they prepare for Proposition 2. Michael and Shin break down the basics of general obligation bonds, how tax bases and voter approval interact, and why market conditions and interest rates matter so much when districts begin planning for their state match. They also discuss the current uncertainty in the national economy, how it influences borrowing costs, and what districts can expect moving into next year as the small school set aside opens.The conversation highlights the importance of early planning, the challenge of limited staffing in rural communities, and why districts need a full year of outreach before pursuing a bond measure. Michael and Shin also walk through the major changes coming with Proposition 2, including simplified applications, access to planning funds before architectural plans are complete, and expanded hardship eligibility that now allows about one hundred additional small districts to receive both the state and local match. Their insights offer clear and practical guidance for leaders preparing to modernize and strengthen their school facilities.