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South Bay Union Elementary School District
55% Approval Required
Pass: 15219 / 76.44% Yes votes ...... 4690 / 23.56% 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 improve the quality of education, renovate and modernize classrooms, restrooms, and school facilities; make health and safety improvements; upgrade electrical systems, improve access to computers and technology; repair and replace roofs, plumbing, heating, ventilation, and air-conditioning systems; and qualify the District for $17,000,000 in State matching grants, shall South Bay Union School District issue $59,400,000 of bonds at lowest possible interest rates, with no money for teacher/administrator salaries, and spending reviewed by an independent oversight committee?
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 real 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.
Local News and Analysis|
ABC 10 News San Diego
|Arguments For Proposition X||Arguments Against Proposition X|
|Quality elementary schools are essential to a thriving community. Quality schools make a difference in student achievement, student and community safety, and improved property values.
Many schools in the South Bay Union School District are no longer adequate to provide students with the environment and learning tools they need to succeed. While facilities have been well maintained over the years, the average age of our schools is over 44 years. Emory School, our oldest, was first constructed In 1931! Our classrooms and school facilities require major upgrades and improvements to meet today's safety, technological, and educational standards.
Your YES vote on Proposition X will create a lasting, positive impact on the quality of our schools.
Proposition X will improve classrooms and school facilities by:
Proposition X deserves our support. It will not only maintain the quality of our schools and our property values, but also maintain the quality of our community. That's something we can all support. Please join us and VOTE YES ON PROPOSITION X!
Chair, San Diego County Taxpayers Association
in the office of the Registrar of Voters.
|Tax Rate Statement|
|An election will be held in South Bay Union School District (the "District") on November 4, 2008 to authorize the sale of $59,400,000 in general obligation bonds. The following information is submitted in compliance with Sections 9400-9404 of the California Elections Code.
1. 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 $.0300 per $100 ($30.00 per $100,000) of assessed valuation in fiscal year 2009-10.
Dated July 15, 2008
(a) The specific purpose of the bonds is set forth in the Full Text of the Proposition;