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LWV League of Women Voters of California Education Fund
Smart Voter
San Diego County, CA November 4, 2008 Election
Proposition X
School Bonds
South Bay Union Elementary School District

55% Approval Required

Pass: 15219 / 76.44% Yes votes ...... 4690 / 23.56% No votes

See Also: 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?

Meaning of Voting Yes/No
A YES vote on this measure means:
A "yes" vote is a vote in favor of authorizing the South Bay Union School District to issue and sell $59,400,000 in general obligation bonds.

A NO vote on this measure means:
A "no" vote is a vote against authorizing the South Bay Union School District to issue and sell $59,400,000 in general obligation bonds.

Impartial Analysis from County Council
This proposition, if approved by 55% of the voters voting on the proposition, would authorize the South Bay Union School District ("District") to issue and sell up to $59,400,000 in general obligation bonds. The sale of these bonds by the District will raise money for the District, and represents a debt of the District. In exchange for the money received from the bondholders, the District promises to pay the bondholders an amount of interest for a certain period of time, and to repay the loan on the maturity date.

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.

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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:

  • Making health and safety improvements, including removing asbestos, upgrading electrical systems, and replacing outdated fire alarms Improving student access to computers and modern technology
  • Modernizing classrooms, restrooms and cafeterias
  • Making handicap accessibility (ADA) improvements
  • Repairing and replacing deteriorating plumbing and sewer systems

Proposition X makes financial sense and by law has taxpayer protections in place.
  • Passing Proposition X will qualify the District for approximately $17.0 million in matching state funds
  • All spending will be annually audited and reviewed by an independent citizens' oversight committee
  • Funds can only be spent on school facilities and not for administrative salaries

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!

RALEIGH H. SANDERS
President, Optimist Club of Imperial Beacho

CARLOS ROBLEDO
Parent, Physician and Community Educator

TERRY LOYO
Parent/Community Leader

CYNTHIA MELCHER
Parent/Business Community Leader

JOHN C. O'NEILL
Chair, San Diego County Taxpayers Association

No argument against the proposition was filed
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.
2. 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 $.0300 per $100 ($30.00 per $100,000) of assessed valuation in fiscal year 2021-22.
3. 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 $.0300 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 15, 2008

Scott Buxbaum
Assistant Superintendent, Business Services
South Bay Union School District

ACCOUNTABILITY MEASURES

As required by Section 53410 of the Government Code, the following accountability measures are hereby made a part of the District's Bond Proposition X (the "Proposition"):
(a) The specific purpose of the bonds is set forth in the Full Text of the Proposition;
(b) The proceeds from the sale of the District's bonds will be used only for the purposes specified in the Proposition, and not for any other purpose;
(c) The proceeds of the Bonds will be deposited into a Building Fund to be held by the San Diego County Treasurer, as required by the California Education Code; and
(d) The Superintendent of the District shall cause an annual report to be filed with the Board of Trustees of the District not later than January 1 of each year, which report shall contain pertinent information regarding the amount of funds collected and expended, as well as the status of the projects listed in the Proposition, as required by Sections 53410 and 53411 of the Government Code.

STATEMENT REQUIRED BY EDUCATION CODE SECTION 15122.5
Approval of Proposition X does not guarantee that the proposed project or projects in the South Bay Union School District that are the subject of bonds under Proposition X will be funded beyond the local revenues generated by Proposition X. 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.


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Created: January 24, 2009 10:40 PST
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