League of Women Voters of California Education Fund
	San Diego County, CA November 4, 2014 Election
	Proposition L School Bonds Lakeside Union Elementary School District 55% Approval Required Pass: 5640 / 58.57% Yes votes ...... 3990 / 41.43% No votes See Also: Index of all Propositions

Arguments For Proposition L	Arguments Against Proposition L
Your YES vote on Measure L will save millions of taxpayer dollars, allow us to improve our schools and classrooms, and provide our students with the tools they need to keep pace with rapidly changing technology. We can do this by reauthorizing a portion of the bonds overwhelmingly approved by Lakeside Union School District voters in 2008, resulting in lower long-term borrowing costs without any increase in total district debt. In addition, these bonds, totaling $31 million, will continue school and classroom repairs while providing our students with the tools they need to compete in the global economy. Here's how: Measure L will let Lakeside Union SD continue the job of improving our schools by: Increasing student access to computers and modern technology Upgrading or constructing science labs throughout the District Repairing and modernizing aging school facilities Keeping pace with 21st century technology Measure L makes financial sense and protects taxpayers: Reauthorizing the 2008 voter-approved bonds will allow the District to borrow at a much lower interest rate, saving taxpayers millions of dollars in interest Iron-clad restrictions that money can only be spent on improving Lakeside's schools; no funds can be spent on administrator salaries, pensions, or benefits These reauthorized bonds will NOT cause any increase in total District debt Required annual review of all expenditures by an independent Citizens' Oversight Committee Legally required annual audits All Measure L funds MUST be used to improve our children's schools and CANNOT BE TAKEN AWAY BY THE STATE AND SPENT ELSEWHERE Our local schools are our most treasured asset and our number one priority. Measure L will improve the quality of our children's education, help increase housing values, stimulate our local economy, and save taxpayers millions of dollars. Please join us by voting YES on Measure L. GREGORY A. STEIN Chairman of the Board, San Diego County Taxpayers Association MR. DARIN CURTIS Lakeside Resident, Educator CA State Teacher of the Year BETTY MCMILLEN Vice Pres. Lakeside Historical Society HOLLY FERRANTE Business Owner Past PTA Council President TERRY BURKE- EISERLING Community member	No arguments against Proposition L were submitted.

Tax Rate Statement from Superintendent

An election will be held in Lakeside Union School District (the "District") on November 4, 2014 to reauthorize the sale of $31,000,000 in general obligation bonds, previously approved by voters in November 2008 through the issuance of new 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 $.03000 per $100 ($30.00 per $100,000) of assessed valuation in fiscal year 2015-16. 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 $.02055 per $100 ($20.55 per $100,000) of assessed valuation in fiscal year 2045-2046. 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 $.03000 per $100 ($30.00 per $100,000) of assessed valuation. 4. The best estimate of the average tax rate required to fund this bond issue, based on a projection of assessed valuations available at the time of filing of this statement, is $.02619 per $100 ($26.19 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: May 12, 2014 David Lorden, Ed. D. Superintendent Lakeside School District STATEMENT REQUIRED BY EDUCATION CODE SECTION 15122.5 "Approval of Measure L does not guarantee that the proposed project or projects in the Lakeside Union School District that are the subject of bonds under Measure L will be funded beyond the local revenues generated by Measure L. 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 proposition."