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Lemon Grove Elementary School District
55% Approval Required
Pass: 8635 / 72.85% Yes votes ...... 3218 / 27.15% No votes
Index of all Propositions
|Results as of Jan 24 10:40am|
|Information shown below: Yes/No Meaning | Impartial Analysis | Arguments | Tax Rate Statement ||
To construct science/technology labs; create a math, science and technology magnet middle school; repair and replace plumbing, heating and air conditioning systems and improve handicap access; renovate playgrounds and improve health and fitness facilities; upgrade existing facilities and improve energy efficiency; and construct a joint use library/media center; shall Lemon Grove School District issue $28,000,000 of bonds within legal interest rates with annual audits, independent citizens' oversight, and no money for administrators' 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 school facilities, including the furnishing and equipping of its school facilities, acquisition, or lease of reaI property for its school 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 on 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.
California Constitution Article XIII A 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 school 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.
Lemon Grove School District
ABC 10 News San Diego
|Arguments For Proposition W||Arguments Against Proposition W|
|Our schools are the most important asset in our community and should be our number one priority. From higher achieving students to greater safety to improved property values, quality schools make a difference. While our teachers and staff do their best in educating our students, many classrooms and school facilities in the Lemon Grove School District are now outdated and no longer provide students with an adequate environment in which to succeed.
While our schools have been well maintained over the years with many renovations and improvements to classrooms, our work is not done. We must continue to improve our schools to meet today's safety, technological, and educational standards.
Your YES vote on Proposition W will create a lasting, positive impact on the quality of our schools, neighborhoods and values of our homes. A complete list of projects is included in the full text of Proposition W.
Proposition W will improve classrooms and school facilities by:
By law, Proposition W has taxpayer protections in place.
Proposition W deserves our support. It will not only maintain the quality of our schools and our property values, but also improve the quality of our community + and that's something we can all support. Please join us and VOTE YES ON PROPOSITION W!
California Teacher of the Year
in the office of the Registrar of Voters.
|Tax Rate Statement|
|An election will be held in Lemon Grove School District (the "District") on November 4, 2008 to authorize the sale of $28,000,000 in general obligation bonds. The following information is submitted in compliance with Sections 9400-9404 of the California Elections Code.
The best estimate of the tax rate that would be required to fund this 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 $.03000 per $100 ($30.00 per $100,000) of assessed valuation in fiscal year 2009-10.
The best estimate of the tax rate that would be required to fund this bond issue during the first fiscal year after the sale of the last series of bonds, based on estimated assessed valuations available at the time of filing of this statement, is $.03000 per $100 ($30.00 per $100,000) of assessed valuation in fiscal year 2017-18.
The best estimate of the highest tax rate that would be required to fund this bond issue, based on estimated assessed valuations available at the time of filing this statement, is $.03000 per $100 ($30.00 per $100,000) of assessed valuation.
These estimates are based on projections derived from information obtained from official sources. The actual tax rates and the years in which they will apply may vary depending on the timing of bond sales, the amount of bonds sold at each sale and actual increases in assessed valuations. The timing of the bond sales and the amount of bonds sold at any given time will be determined by the needs of the District. Actual assessed valuations will depend upon the amount and value of taxable property within the District as determined in the assessment and the equalization process.
Dated: July 29, 2008
As required by Section 53410 of the Government Code, the following accountability measures are hereby made a part of the District's Bond Proposition W (the "Proposition"):
(a) The specific purpose of the bonds is set forth in the Full Text of the Proposition;