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Dehesa Elementary School District
55% Approval Required
Pass: 507 / 58.4% Yes votes ...... 361 / 41.6% No votes
Index of all Propositions
|Information shown below: Yes/No Meaning | Impartial Analysis | Arguments | Tax Rate Statement ||
To improve student access to computers and modern technology; replace portable classrooms and construct new classrooms; build a new science lab and library and other educational facilities; shall Dehesa School District be authorized to issue $5.5 million of bonds within legal interest rates, so long as there is an independent local citizens' oversight committee and no funds can be taken by the State and spent elsewhere?
Voter approval of this measure also will authorize an annual tax to be levied upon the taxable property within the District. The purpose of this tax is to generate revenue to pay the principal and interest on the bonds, and such tax revenue will be 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.
Proceeds from the sale of bonds authorized by this proposition may be used by the District for the construction, reconstruction, rehabilitation or replacement of school facilities, including the furnishing and equipping of school facilities, or the acquisition or lease of real property for school facilities.
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 40 years after the date the bonds are issued as determined by the District.
The tax authorized by this proposition is consistent with the requirements of the California Constitution. The California Constitution permits property taxes, above the standard one percent (1%) limitation, to be levied upon real property 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:
(1) the proceeds from the sale of the bonds are used only for the purposes specified,
If a bond measure is approved, state law requires 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.
(This statement is provided pursuant to Government Code Section 53410)
As required by Section 53410 of the Government Code, the following accountability measures are hereby made a part of the District's Bond Proposition M (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.
(This statement is provided pursuant to Education Code Section 15122.5)
Approval of Proposition M does not guarantee that the proposed project or projects in the Dehesa School District that are the subject of bonds under Proposition M will be funded beyond the local revenues generated by Proposition M. 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.
|Arguments For Proposition M|
Your YES vote on Proposition M will improve Dehesa school by upgrading our children's classrooms, improving technology and computers, and making needed renovations and facilities enhancements.
Proposition M will:
Proposition M makes financial sense and protects taxpayers.
Proposition M deserves our support because it improves the education of local children, and helps maintain the quality of our community + and that's something we can all support.
Please join us and VOTE YES ON PROP0SITION M - A MUST FOR OUR KIDS!
(No arguments against Proposition M were submitted)
|Tax Rate Statement|
|An election will be held in the Dehesa School District (the "District") on November 2, 2010 to authorize the sale of $5,500,000 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 this statement, is $.0300 per $100 ($30.00 per $100,000) of assessed valuation in fiscal year 2011-12.
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 2011-12.
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.
The best estimate of the average tax rate required to fund this bond issue, 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.
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 Improvement District. Actual assessed valuations will depend upon the amount and value of taxable property within the Improvement District as determined in the assessment and the equalization process.
Dated: July 23, 2010