Pass: 507 / 58.4% Yes votes ...... 361 / 41.6% No votes

See Also: Index of all Propositions

Meaning of Voting Yes/No

A YES vote on this measure means:

A "YES" vote is a vote in favor of authorizing the District to issue and sell $5,500,000 in general obligation bonds.

A NO vote on this measure means:

A "NO" vote is a vote against authorizing the District to issue and sell $5,500,000 in general obligation bonds.

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,
(2) the District, by evaluating safety, class size reduction, and information technology, has approved a list of specific projects to be funded,
(3) the District will conduct an annual, independent performance audit, and
(4) the District will conduct an annual, independent financial audit.

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.

ADDITIONAL STATEMENTS

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.

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.