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The issuance and sale of a bond by a district is for the purpose of raising money for the district and represents a debt of the district. In exchange for the money received from the holder of the bond, the district promises to pay the holder a set amount of interest for a certain period of time, and to repay the loan on the expiration date.

The proceeds of these bonds of the School Facilities Improvement District No. 1 of the Santee School District would be used to improve and refurbish existing classroom and playground areas, satisfy health and safety needs, wire schools for computer technology, expand and enhance school libraries, bring facilities into compliance with ADA access regulations, replace and repair outdated infrastructure of existing school facilities, and fund the acquisition and construction of classrooms and facilities at existing school sites.

The interest rate on any bond, which is established at the time of bond issuance, could not exceed twelve percent (12%) per annum. The final maturity date of any bond could be no later than twenty-five (25) years after the date of the bond. Principal and interest on the bonds would be paid by revenue derived from an annual tax levied upon the taxable property within the School Facilities Improvement District No. 1 in an amount sufficient to pay the interest as it becomes due and to provide a sinking fund for payment of the principal on or before maturity. Article XIII A of the California Constitution exempts from the one percent property tax rate limitation ad valorem taxes to pay the interest and redemption charges on any bonded indebtedness for the acquisition or improvement of real property approved by the voters on or after July 1, 1978. The approval must be by two-thirds of the votes cast by the voters voting on the proposition. Legal authorization is contained in state law permitting facility improvement districts of school districts to issue bonds at the interest rate, for the period of time, and for the specified purposes, subject to two-thirds voter approval.

Approval of this proposition does not guarantee that the proposed project or projects in the School Facilities Improvement District No. 1 of the Santee School District that are the subject of bonds under this proposition will be funded beyond the local revenues generated by this proposition. The district's proposal for the project or projects may assume the receipt of matching state funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure.

A "yes" vote is a vote in favor of authorizing the School Facilities Improvement District No. 1 of the Santee School District to issue bonds for the purpose stated in the proposition.

A "no" vote is a vote against authorizing the School Facilities Improvement District No. 1 of the Santee School District to issue bonds for the purpose stated in the proposition.

Passage of PROPOSITION Z will:

• Equip classrooms for 21 st century technology
• Renovate classrooms to create the highest quality educational environment
• Improve health and safety conditions
• Upgrade playgrounds
• Allow the district to become eligible to receive state matching funds
• Ensure that classrooms can accommodate up-to-date science and technology programs.

PROPOSITION Z will provide students with access to modern classroom technology and ensure that the district is eligible to receive state matching funds.

Send a message to our children that our community endorses the highest quality learning environment.

Please vote YES on PROPOSITION Z.

DIANNE EL-HAJJ, Santee School Board President

PERRY T. SHIPMAN, Member of City Library Commission
Former School Board Member

SUZANNE WELLS DALE, Parent

MARY BETH BRINKER, Tierra Del Sol Council PTA 1st Vice-President

RICHARD W. JACKSON, Business Owner
Past President, Santee Chamber of Commerce

Originally intended to carve out taxpayers residing in Mello-Roos districts, which pay their own school taxes, we believe that SFIDs are now being used for political purposes. Santee's proposed SFID specifically carves out the mobile home parks whose elderly residents are probably more likely to vote "NO" on this tax increase as compared to the general population. If this tax passes those in the mobile home parks will not be taxed, nor may they vote in this election.

Meanwhile, those residing within the SFID will pay higher taxes than they otherwise would under a general obligation bond covering the whole school district and issued for the same dollar amount. This is because carving out a population increases the burden for the rest of us.

Nobody should have his or her taxes raised. However, if the issue really were that the mobile home residents need help it should be noted that they already have been subsidized in Santee through a low-income program and by rent controls. In our opinion, to cynically use this population to manipulate an election is special-interest politics at its worst and you will pay more.

Taxes should be CUT not raised. Say NO to tax increases!

Special interest politics are WRONG. Say NO to special interest politics.

PLEASE VOTE NO ON PROPOSITION Z!

Visit http:// hometown. aol. com/ steveglp/ for more information.

STEVE GREEN, Chairman, San Diego County Libertarian Party

CONNIE M. WILLIS, Mortgage Broker

KATHERYN L. KLOOS, Housewife

LARRY ROSNER, Parent

LYNN BADLER, Public School Teacher

After squandering billions of dollars over the years, the education establishment is seeking a huge tax increase to do what taxpayers thought bureaucrats had been doing all along maintaining and improving infrastructure.

Make no mistake these bonds constitute a TAX INCREASE. Property assessments must be raised to pay for these bonds plus the interest over the years.

Total public funding for education greatly exceeds average private school costs. If we ever get serious about improving education AND dramatically cutting the cost, we will need to adopt the school voucher program, providing choice in education.

Money is fungible money not spent in one place can be spent elsewhere. We already pay enough for all the items in the bond proposal. The problem is that the money is spent elsewhere, primarily on salaries for the education establishment that far exceed what the market would dictate. This bond measure is really another attempt to free up EXISTING capital funds so that they can be spent on salaries, perks, bureaucracy, "prevailing wage" high construction costs and other unnecessary or even harmful expenses.

School funding is primarily a state priority problem. We pay plenty of taxes. Funding must be streamlined and prioritized, shifting money from welfare or other areas to where money is really needed.

There are only three voter positions when it comes to taxes:
1. Taxes are too high.
2. Taxes are about right.
3. Taxes are too low.

If you agree with position "3", then you should support the bonds. However, if you agree with position "1" or "2", then you should vote against the bonds.

Please vote "NO"!

STEVE GREEN, Chairman, San Diego County Libertarian Party

MARK D. ROBINSON, Parent

GENE KIMERY, Facilities Engineer

MARK PATENAUDE, Property Manager

ROSEMARY HILD, Homemaker

Here are the facts:

• As the San Diego County Taxpayers Association can attest, Santee School District has an ongoing facilities maintenance program and does everything possible with its limited funds to maintain its schools. Support of classroom instruction will always be the top spending priority of the Santee School District. There simply isn't enough funding to go around.
• Voting yes on Proposition Z will not increase your taxes. Your taxes will remain at approximately the same level because the 1969 bond approved by Santee voters to build Hill Creek School expires as this new bond goes into effect.
• No Proposition Z funds can be, or will be, used to pay district employees' salaries. All bond proceeds will be used to create a 21 st Century learning environment for our children.
• A Citizen's Oversight Committee will monitor all bond expenditures. The Committee will include individuals knowledgeable in finance, construction, and facility maintenance.

Please continue the tradition of supporting our schools. Vote YES on Proposition Z.

SANDY PUGLIESE, Board Member

SCOTT BARNETT, Executive Director, San Diego County Taxpayers Association

DOUGLAS S. WILSON, Certified Public Accountant

ROBERT L. GRAZIAN, President, Santee Chamber of Commerce

ELIZABETH "BETSY" BEHNKE, Sports Council Member

In compliance with Elections Code Sections 9400-9404 the following information is submitted:
1. The best estimate of the tax rate which would be required to be levied on property in SFID No. 1 to fund the bond issue during the first fiscal year after the first sale of bonds, based on estimated assessed valuations available at the time of filing this statement, is $0.0131 per 100 dollars assessed valuation for the year 2001/ 02.
2. The best estimate of the tax rate which would be required to be levied on property in SFID No. 1 to fund the bond issue during the first fiscal year after the last sale of the bonds and an estimate of the year in which the rate will apply, based on estimated assessed valuations available at the time of filing this statement, is $0.0657 per 100 dollars assessed valuation for the year 2005/ 06.
3. The best estimate of the highest tax rate which would be required to be levied on property in SFID No. 1 to fund the bond issue and an estimate of the year in which that rate will apply, based on estimated assessed valuations available at the time of filing of this statement, is $0.0689 per 100 dollars assessed valuation for the year 2006/ 07.

The actual tax rates and the years in which such rates are applicable may vary from those currently estimated, due to variations from the official projections and estimates in the timing of bond sales, the amount of bonds sold at any time, the interest rates on the bonds, and the assessed values in the several future years during which the bonds are to be repaid. The estimates are based upon projections and are not binding upon the District. The actual timing of the bond sales and the amount of the bonds sold at any time will be governed by the needs of the District and the then-applicable debt limit. The actual interest rates on the bonds will be based on the market tax-exempt interest rates at the time of the sale of the bonds. The actual assessed values during the several future years will depend upon the amount of taxable property within SFID No. 1 and the value of that property as determined in the assessment and equalization process.

Dated: August 8, 2000
Marcia J. Johnson Superintendent
School Facilities Improvement District No. 1 Santee School District