League of Women Voters of California Education Fund
	San Diego County, CA June 3, 2014 Election
	Proposition E Protect Quality Education in Coronado Local Measure Coronado Unified School District 55% Approval Required Fail: 2275 / 42.01% Yes votes ...... 3141 / 57.99% No votes See Also: Index of all Propositions

Arguments For Proposition E

Arguments Against Proposition E

VOTE YES on E - PROTECT the outstanding quality of education in Coronado schools from devastating cuts and irreversible harm. Coronado schools are among the best in California, with superior teachers, excellent test scores, high graduation rates, and outstanding student achievement. Our award winning schools prepare students for success in both college and careers in the 21 51 century workplace. They also contribute to Coronado's high property values and quality of life. But all that could change without passage of Proposition E. CUSD faces severe cuts due to the Great Recession and the State's new school funding formula. Learn more at http://www.protectourcoronadoschools.org. Prop E provides a prudent, responsible, locally controlled solution - a school bond, which establishes stable local funding for crucial student needs and closes the budget gap. Prop E shifts essential school facility and technology needs previously funded by the District's General Fund to bond funding, so General Fund monies can be reallocated to: Provide for manageable class sizes Avoid teacher layoffs Continue advanced instruction in math, science, technology and the arts Keep Coronado schools highly competitive ALL Prop E funds (100%) stay IN Coronado- FOR Coronado. The State CANNOT take this funding away. Prop E TAXPAYER PROTECTIONS are the most stringent for a local California school bond. They will ensure funds are raised cost effectively and only as needed. Independent Citizen Oversight will ensure that every dollar is spent wisely. Whether or not you have school-age children, this is a wise investment. Prop E will maintain quality schools attractive to discerning parents and property owners, and characteristic of high-value communities. PROTECT YOUR PROPERTY VALUES and your investment in Coronado. Join teachers, parents, seniors, homeowners, and military, civic and business leaders in protecting OUR children, OUR schools and OUR community. VOTE YES on E! CASEY TANAKA Mayor of Coronado AL OVROM, JR. Councilman, City of Coronado SCOTT GRIMES Realtor JEAN ROESCH Educator MICHAEL A. GIORGIONE Rear Admiral, CEC, USN (RET.) Rebuttal to Arguments For Bonds are SUPPOSED to be for capital expenditures - constructing new schools, etc. We are ALREADY paying for such school bonds issued earlier. But this new bond seems to be primarily for OPERATING costs- using much of the bond money for short term expenditures normally covered by the general fund. This ruse allows the school board to avoid having to make the hard budget choices by controlling expenses. For instance, it appears that the bond money can be spent on "tech," which normally is purchased with general fund money. Apparently this bond money can be spent on computers - even iPads. Some local districts have used bond money for iPads - it's not gone well. iPads have a tendency to disappear or be broken. Furthermore these school districts grossly overpaid for these tablets because of bond interest. Finally, new software and improved tech often makes a computer or iPad obsolete in 2-5 years. This bond ploy is "kicking the can down the road" - avoiding the tough cost control decisions we all have to make in our personal lives. Isn't it likely that, in a few years, the board will come back for more bonds for operating costs - or perhaps bonds to pay off bonds? It's not just the COST of the bonds. It's the PRECEDENT of using long term debt for general fund expenditures - a slippery slope. Our federal, state and local tax rates and "fees" continue to increase. Here's one time we can say "ENOUGH!" Vote NO on E. http://www.KissTheSchoolBondGoodbye.com ALEENE M. QUEEN Homeowner & Taxpayer ALEXANDRA BRY, ESQ. Homeowner & Taxpayer ERICA A. GAPP California Certified Teacher & Taxpayer MICHAEL S. GAPP Taxpayer RICHARD RIDER Chairman, San Diego Tax Fighters

Argument AGAINST Measure E - Additional School Bond Debt in Coronado Vote NO on this risky, wasteful, unaffordable property tax hike. CUSD wants to burden property taxpayers with new School Bond Debt while we're still paying off the old School Bond Debt. Homeowners may face property tax hikes and fee hikes in the City's Wastewater, Stormwater, Golf Course, Redevelopment Debt and CalPERS Pension Debt areas. Renters face rent increases because such hikes are passed through to them. Enough is enough! - They say: This new School Bond Debt measure "protects" homeowners. REALITY: This measure seeks to overturn the only true protection we have -Proposition 13 -- by raising our property taxes above the constitutional limit. - They say: CUSD is in trouble because "the State changed the funding formula." REALITY: CUSD is in trrouble because of its overspending problem. The School Board already gave notice of their intent to default on their Redevelopment Bond Debt that they incurred without voter approval. - They say: This new School Bond Debt will "only pay for capital costs" as required by law. REALITY: It's a shell game that sneaks around the law by "freeing up" funds to pay non-capital costs -- CUSD's operating costs, old School Bond Debt, School Pool Debt, CalSTRS Pension Debt, and Redevelopment Bond Debt. - They say: CUSD "can't cut its way out" of its financial problems. REALITY: Other employers cut costs and froze hiring years ago, but CUSD unreasonably raised salary and benefits for employees including the Superintendent. CUSD only froze hiring this year. - They say: If you vote NO, CUSD will be "decimated." REALITY: If you vote NO, CUSD will simply have to live within its means, like most Americans. - They say: This new debt measure is "innovative, creative, unique." REALITY: It's plain wrong. CUSD can't dig itself out of its old debt by adding this new School Bond Debt. Vote NO! THOMSON PRAY Homeowner ANN GLICK MITCHELL Homeowner/Retired GERALD L. TOCI Coronado Taxpayer Association For Excellence in Public Education JANE MITCHELL Taxpayer JAMES R. MILLS Retired Rebuttal to Arguments Against We have heard and read distortions and misinformation concerning Proposition E. Here are the facts: FACT: Prop E is about one thing- protecting quality education in Coronado schools. FACT: The real need for Prop E arises from the State funding formula imposed on Coronado Unified School District, which now places us 11th out of 12 San Diego school districts in per-pupil funding - by next year San Diego Unified will receive $1 ,200 more per student than CUSD! FACT: Prop E will NOT result in long-term debt - each bond's term MUST be less than 5 years from issuance, and all bonds MUST be paid in full by 9/30/2024. The bonds won't outlive the assets they are funding. FACT: CUSD is not in default on ANY debt, as some opponents to Prop E assert. And Prop E fully complies (100%) with California's Propositions 13 and 39. The consensus of many involved community members is that Prop E is the best available solution to keep Coronado schools competitive. Prop E protects reasonable class sizes and continues advanced instruction in math, science, technology and the arts. Without Prop E, CUSD will be constrained from providing Coronado students the technology training and education they need to succeed in the 21st century. Prop E is structured to protect Coronado schools in a prudent, responsible manner. Whether or not you have school-age children, protecting the quality of our schools, Coronado's quality of life. and the value of our homes is a wise INVESTMENT. Please VOTE "YES!" http://www.protectcorondoschools.com MARY GWEN BRUMMITT 46 Yr. Resident Homeowner PHIL HAMMETT Business Owner Homeowner CAROL BEATTY Retired Teacher Homeowner BILL LEMEI CHS Class of '65 CSH Teacher Homeowner LOU SMITH Port Commissioner, 2010-2014 RADM, USN, (Ret.) Homeowner

Tax Rate Statement

To: The voters voting in the June 3, 2014 election on the question of the issuance of $29,000,000 General Obligation Bonds of the Coronado Unified School District. You are hereby notified in accordance with Section 9401 of the Elections Code of the State of California of the following: 1. The best estimate from official sources of the tax rate which would be required to be levied to fund principal and interest payments during the first fiscal year after the first sale of bonds (Fiscal Year 2014-2015}, based on assessed valuations available at the time of the election and taking into account estimated future growth, is the following: $.03987 per $100 of assessed valuation, which equates to $39.87 per $100,000. 2. The best estimate from official sources of the tax rate which would be required to be levied to fund principal and interest payments during the first fiscal year after the last sale of bonds and an estimate of the year in which that rate will apply, based on assessed valuations available at the time of the election and taking into account estimated future growth, is as follows: $.03119 per $100 of assessed valuation, which equates to $31.19 per $100,000. First fiscal year after last sale of bonds: 2020-2021 3. The best estimate from official sources of the highest tax rate which would be required to be levied to fund principal and interest payments on the bonds and an estimate of the year in which that rate will apply, based on assessed valuations available at the time of the election and taking into account estimated future growth, is as follows: $.03987 per $100 of assessed valuation, which equates to $39.87 per $100,000. Year of highest tax rate: Fiscal year 2016-2017 The attention of all voters is directed to the fact that the foregoing information is based upon projections and estimates only. The actual tax rates and the years in which they will apply may vary from those presently estimated, due to variations from these estimates in the timing of bond sales, the amount of bonds sold and market interest rates at the time of each sale, and actual assessed valuations over the term of repayment of the bonds. The date of sale and the amount of bonds sold at any given time will be determined by the District based on its need for construction funds and other factors. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of sale. Actual future assessed valuations will depend upon the amount and value of taxable property within the District as determined by the County Assessor in the annual assessment and the equalization process. Accordingly, the actual tax rates and the years in which such rates are applicable may vary from those presently estimated as above stated. Superintendent of the Coronado Unified School District Jeffrey P. Felix, Ed. D. STATEMENT REQUIRED BY EDUCATION CODE SECTION 15122.5 Approval of Measure E does not guarantee that the proposed project or projects in the Coronado Unified School District that are the subject of bonds under Measure E will be funded beyond the local revenues generated by Measure E . The school 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.