This is an archive of a past election.|
See http://www.smartvoter.org/ca/sd/ for current information.
League of Women Voters of California Education Fund
$694 Million Community College Bond Measure
Palomar Community College District
School Bond - 55% Approval Required
Pass: 103380 / 57.90% Yes votes ...... 75163 / 42.10% No votes
Index of all Propositions
|Results as of Jan 4 9:40am|
|Information shown below: Yes/No Meaning | Impartial Analysis | Arguments | Tax Rate Statement ||
To better prepare Palomar College students for university transfer and high demand jobs, shall Palomar Community College District repair/upgrade aging educational facilities, including classrooms for nursing, emergency medical, and public safety careers, science and high-tech computer labs, outdated plumbing, ventilating, roofing, energy, electrical and safety systems, acquire sites and equipment, and construct new educational facilities, by issuing $694 million in bonds, at legal rates, with citizen oversight, mandatory audits, and no proceeds used for administrative salaries?
Proceeds from the sale of bonds authorized by this proposition may be used by the District only for the construction, reconstruction and/or rehabilitation of its community college facilities, including the furnishing and equipping of its facilities, acquisition, or lease of real property for its facilities and construction management by District personnel.
The interest rate on any bond, which is established at the time of bond issuance, cannot exceed 12% per annum. The final maturity date of any bond could be no later than 25 years after the date of bonds issued pursuant to the Education Code or not later than 40 years after the date of bonds issued pursuant to the Government Code. Principal and interest on the bonds would be paid by revenue derived from an annual tax levied upon the taxable property within the District in an amount sufficient to pay the interest as it becomes due and to provide a 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, including the furnishing and equipping of community college facilities, when approved by 55% of the voters if: (a) the proceeds from the sale of the bonds are used only for the purposes specified, (b) the District, by evaluating safety, class size reduction, and information technology, has approved a list of specific projects to be funded, (c) the District will conduct an annual, independent performance audit, and (d) the District will conduct an annual, independent financial audit. If a bond measure is approved by 55% of the voters, state law requires the governing board of the District to establish an independent citizens' oversight committee. The District has made this ballot proposition subject to these requirements.
Approval of this proposition does not guarantee that the proposed projects in the District that are the subject of these bonds will be funded beyond the local revenues generated by this proposition.
|Arguments For Proposition M||Arguments Against Proposition M|
Since Palomar College opened in 1946 to serve our community, 60 years ago, nearly threequarters of a million local students have benefited from the College's high quality, affordable education. When many of Palomar's current facilities were built several decades ago, most students were young or returning from the war. Today students of all ages look to Palomar College for job training, on-going education or to complete courses for transfers to 4-year educational institutions.
Although the College has an outstanding reputation, dozens of its buildings are now 50 years old with deteriorated electrical, plumbing, lighting, heating, ventilation, and security systems. These aging educational facilities are subject to constant use and are costly to operate. Inadequate classrooms and laboratories negatively impact instruction, job training and career advancement.
Proposition M will provide funds to MAINTAIN and MODERNIZE deteriorated Palomar College facilities and add classrooms and instructional facilities.
Proposition M will:
All Proposition M funds will stay in our community to benefit Palomar College. By law, every dollar must go into facility upgrades. No funds can be used for administrative salaries.
Proposition M mandates accountability and controls. Independent audits must be conducted annually. An Independent Citizens' Oversight Committee will monitor all expenditures to ensure funds are spent properly.
Proposition M is enthusiastically supported by educators, public safety professionals, business and civic leaders, and citizens throughout our community.
Please vote YES on Proposition M.
If you think that your taxes are already too high, or just feel that taxes are high enough, you should vote NO.
Please vote NO! on Prop M.
For more information, contact San Diego Tax Fighters
RICHARD RIDER Chair, San Diego Tax Fighters RICHARD G. MILLS Owner, Printing Business HELEN JANIEC Ramona Resident WAYNE R. DEETER General Contractor (Retired)
1. They submitted the same ballot argument (almost word for word) against other school bonds in San Diego County.
2. Apparently, they haven't taken the time to visit Palomar College or they would know, as we do, the critical need for Proposition M.
Here are the facts:
After 50-60 years, Palomar College NEEDS major repair and modernization. Buildings are old. Upgrades are critical to maintaining local community college facilities.
Palomar College spent two years developing one of the most comprehensive and detailed educational Facilities Master Plans in the state prior to placing Proposition M on the ballot. Only essentials are included. There are no frills, no expensive wish lists, no blank checks.
ALL Proposition M funds must stay local to improve Palomar College facilities. ALL funds are subject to proper controls, including mandatory audits and Independent Citizens' Oversight.
The cost of Proposition M is modest + $14.72 per $100,000 of assessed value (not market value). The entire cost of this measure is deductible on State and Federal taxes.
Nurses, firefighters, police, and emergency medical workers support Proposition M because many received training at Palomar College and know that future public safety professionals will benefit from improved classrooms and job training facilities at the College.
Don't be persuaded by people with little to no knowledge about the needs of our community and our local college. Proposition M is a prudent, responsible measure and a good investment.
Please VOTE YES on M.
WILLIAM B. KOLENDER
|Tax Rate Statement from the District Superintendent/President|
|An election will be held in Palomar Community College District (the "District") on November
7, 2006, for the purpose of submitting to the electors of the District the question of incurring a
bonded indebtedness of the District in a principal amount of $694,137,712. If such bonds are
authorized and sold, the principal thereof and interest thereon will be payable from the proceeds
of tax levies made upon the taxable property in the District. The following information regarding
tax rates is given to comply with Section 9401 of the California Elections Code. Such information
is based upon the best estimates and projections presently available from official sources, upon
experience within the District, and other demonstrable factors.
Based upon the foregoing and projections of the District's assessed valuation, and assuming the entire debt service will be paid through property taxation:
1. The best estimate of the tax which would be required to be levied to fund the bond issue during the first fiscal year after the sale of the first series of bonds based on estimated assessed valuations available at the time of filing of this statement is $14.72 per $100,000 of assessed valuation for the year 2007-08.
2. The best estimate from official sources of the tax rate which would be required to be levied 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 that rate will apply, based on estimated assessed valuations available at the time of filing of this statement, is $14.72 per $100,000 of assessed valuation for the year 2020-21.
3. The best estimate of the highest tax rate which would be required to be levied to fund the bond issue, based on estimated assessed valuation available at the time of filing of this statement, is $14.72 per $100,000 of assessed valuation.
Attention to all voters is directed to the fact that the foregoing information is based upon projections and estimates only. The actual times of sales of said bonds and the amount sold at any given time will be governed by the needs of the District and other factors. The actual interest rates at which the bonds will be sold, which in any event will not exceed the maximum permitted by law, will depend upon the bond market at the time of sales. The actual assessed values in the future years will depend upon the value of property within the District as determined in the assessment and the equalization process. Hence, the actual tax rates and the years in which such rates are applicable may vary from those presently estimated as above stated.
Robert P. Deegan