This is an archive of a past election. See http://www.smartvoter.org/ca/sd/ for current information. |
League of Women Voters of California Education Fund
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Proposition R $60 Million School Bond Measure Santee School District School Bond - 55% Approval Required Pass: 9742 / 58.51% Yes votes ...... 6907 / 41.49% No votes
See Also:
Index of all Propositions |
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Results as of Jan 4 9:40am |
Information shown below: Yes/No Meaning | Impartial Analysis | Arguments | Tax Rate Statement | | |||||
To improve the quality of education, shall the Santee School District modernize classroom facilities, upgrade safety systems, enhance technology, improve traffic flow, and indoor/outdoor learning spaces, provide improved access for persons with disabilities, enhance technology and science lab facilities, and provide additional classrooms by issuing $60,000,000 of bonds at an interest rate not to exceed the statutory limit, with a citizens’ oversight committee, independent audits, and no money for salaries or administration?
Proceeds from the sale of bonds authorized by this proposition may be used by the School 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 School 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 upon the taxable property within the School 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. Article XIII A of the California Constitution 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 School District, by evaluating safety, class size reduction, and information technology, has approved a list of specific projects to be funded, (c) the School District will conduct an annual, independent performance audit, and (d) the School 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 School District has made this ballot proposition subject to these requirements. Approval of this proposition does not guarantee that the proposed projects in the School District that are the subject of these bonds will be funded beyond the local revenues generated by this proposition.
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Official Information
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Arguments For Proposition R | Arguments Against Proposition R | ||
After decades of wear and tear, Santee School District's K-8 schools need to be renovated, rehabilitated, and revitalized to increase student safety and provide students with access to 21st Century technology. Proposition R will provide modern facilities that will greatly enhance the overall quality of learning and lay the foundation our students need for success in high school, college and beyond. Prop. R will achieve this goal while protecting taxpayers. Santee School District is recognized by the State as a top-performing district. However, our teachers, administrators, parents, and students can't maintain this level of academic excellence in facilities with aging infrastructure, safety hazards, and outdated technology. The district has not received any new local bond revenues since 1962. We're asking for your help to provide an optimal learning environment for all our students. This $60 million bond will be only one part of a comprehensive package to finance drastically needed improvements. If Prop. R passes, the District can take advantage of state matching funds not otherwise available. The balance of the funds will come from non-taxpayer sources. Proposition R will:
BARBARA RYAN
C.P.A. MICHAEL BENOIT Business Owner RICHARD RIDER Chair, San Diego Tax Fighters EDWARD TEYSSIER Small Business Owner |
If you think that your taxes are already too high, or just feel that taxes are high enough, you should vote NO. Please vote NO! on Prop R. For more information, contact Steve Green SteveGreen@EconomyTelcom.com (619) 562-8705
STEVEN L. GREEN
Prop. R was carefully designed by Santee business owners, property owners, parents, and educational professionals to provide the best facilities possible at the smallest cost to local taxpayers. Prop. R contains important taxpayer protections to insure local tax dollars are appropriately spent. The people urging you not to support Prop. R are outsiders who do not have a direct interest in what is best for our kids or our community. Their children and grandchildren do not attend Santee schools, and they have never used our aging facilities with outdated technology. Opponents of Prop. R do not care about the improved property values or the overall benefits and improvement to the quality of life that a top-rated school district will bring to our community, because they do not have a stake in Santee's future. We as Santee voters should determine what is best for our city, not an outside special interest group with their own statewide agenda. Please join us in supporting Prop. R to revitalize, renovate, and rehabilitate our district facilities to create an optimal learning environment for all our students and to benefit everyone in Santee.
PHIL HERRINGTON |
Tax Rate Statement from the District Superintendent |
As shown on the [] official ballot, an election is being held in the Santee School
District ("District") on November 7, 2006, for the purpose of submitting to the registered voters
within the District the question of whether the District shall issue and sell bonds in an amount not
to exceed $60,000,000 for the purpose of providing funds for the acquisition, construction and
modernization of school facilities and school projects as set forth in the resolution of the District
calling such bond election. This measure will authorize a tax sufficient for interest on, and
redemption of, the bonds. The bonds shall bear interest at a rate, or rates to be established at
such time as the bonds are sold, in one or more series, at fixed or variable interest rates not to
exceed the maximum applicable statutory rate for such bonds. If such bonds are authorized and
sold, the principal thereof and the interest thereon are a general obligation of the District, payable
from the proceeds of ad valorem taxes on real property located within the District. The following
information is submitted in compliance with California Elections Code Sections 9401 through 9404. (a) The best estimate from official sources of the tax rate that would be required to be levied to fund the bond issue during the first fiscal year after the first sale of the bonds based on assessed valuations available at the time of the election or a projection based on experience within the same jurisdiction or other demonstrable factors is 2.998 cents per $100 ($29.98 per $100,000) of assessed valuation. (b) It is anticipated that the bonds will be sold in series. The best estimate from official sources of the tax rate which would be required to be levied to fund the bond issue during the first fiscal year after the last sale of the bonds is 2.995 cents per $100 ($29.95 per 100,000) of assessed valuation. (c) The best estimate from official sources of the highest tax rate which would be required to be levied to fund the bond issue during the term of the bond issue, based on assessed valuations available at the time of the election or a projection based on experience within the same jurisdiction or other demonstrable factors, is 3.000 cents per $100 ($30.00 per $100,000) of assessed valuation. It is estimated that the highest tax rate would apply in the 2012-2013 tax year based on assessed valuations available at the time of the election or a projection based on experience within the same jurisdiction or other demonstrable factors. Voters should note that these estimated tax rates are based on the assessed value of taxable property within the District as shown on the official rolls of San Diego County, not on the property's market value. In addition, taxpayers eligible for a property tax exemption, such as the homeowner's exemption, will be taxed at, a lower effective rate than described above. Certain taxpayers may also be eligible to postpone the payment of taxes. Property owners should consult their own property tax bills and tax advisors to determine their property's assessed value and any applicable tax exemptions. Attention of all voters is directed to the fact that 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 any bond sales, the amount of bonds sold and actual increases in assessed valuations. The timing of the bond sales and the amount of bonds sold at any given time will be governed by the needs of the District. Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined by the San Diego County Assessor in the annual assessment and the equalization process. Dated: July 18, 2006 DR. LIS JOHNSON Superintendent, Santee School District |