Measure Z, a ballot initiative proposing funding for school updates and repairs, is the first bond measure to be proposed in the past 10 years and will appear on the Nov. 6 ballot.

If Measure Z is passed, Palo Alto Unified School District will receive $460 million, giving Paly funding to renovate the Tower Building and Haymarket Theatre, along with a new student center, foods and wellness center and STEM labs.

“The 2008 bond measure is finally coming to an end and so the work from that bond measure is also coming to an end,” councilwoman Susan Usman said. “Now it’s the time to tee up the next bond measure.”

The last bond measure covered the costs of Palo Alto High School’s renovated library, Performing Arts Center and Media Arts Center  among other projects in the district.

“It’s an investment in our community and our community’s kids,” Usman said.