This is an archive of a past election. See http://www.smartvoter.org/ca/sd/ for current information. |
League of Women Voters of California
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Proposition X Bond Issue Cajon Valley Union School District 31,379 / 68.72% Yes votes ...... 14,281 / 31.28% No votes
See Also:
Index of all Measures |
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Information shown below: Official Information | Impartial Analysis | Arguments | Tax Rate Statement | | |||||
To repair and upgrade classrooms and facilities at schools throughout the Cajon Valley Union Elementary School District, expand and improve libraries, make health and safety improvements, repair classroom fire/ smoke alarm systems, build and acquire new schools to reduce overcrowding, and give students access to classroom computer technology, shall the District issue $75 million of bonds at the lowest interest rates possible so long as spending is annually reviewed by a citizens' oversight committee.
The proceeds of these bonds would be used to repair and upgrade classrooms and facilities at schools throughout the Cajon Valley Union School District, expand and improve libraries, make health and safety improvements, repair classroom fire and smoke alarm systems, build and acquire new schools to reduce overcrowding, and give students access to classroom computer technology. The interest rate on any bond, which is established at the time of bond issuance, could not exceed twelve percent (12%) per annum. The final maturity date of any bond could be no later than forty (40) years after the date of the bond. Principal and interest on the bonds would be paid by revenue derived from an annual tax levied upon the taxable property within the Cajon Valley Union School District in an amount sufficient to pay the interest as it becomes due and to provide a sinking 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 approved by the voters on or after July 1, 1978. The approval must be by two-thirds of the votes cast by the voters voting on the proposition. Legal authorization is contained in state law permitting school districts to issue bonds at the interest rate, for the period of time, and for the specified purposes, subject to two-thirds voter approval. Approval of this proposition does not guarantee that the proposed project or projects in the Cajon Valley Union School District that are the subject of bonds under this proposition will be funded beyond the local revenues generated by this proposition. 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. A "yes" vote is a vote in favor of authorizing the Cajon Valley Union School District to issue bonds for the purpose stated in the proposition. A "no" vote is a vote against authorizing the Cajon Valley Union School District to issue bonds for the purpose stated in the proposition.
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Arguments For Proposition X | Arguments Against Proposition X |
Congratulations to our community. Last March, over 65% of the voters
supported Measure D, the Cajon Valley Union School District bond.
Unfortunately, we just missed the two-thirds hurdle
required by California state law. We can not afford to let this happen
again!
The critical needs facing our children's classrooms have not gone away. We need your YES vote on Measure X. Measure X makes financial sense. As taxpayers, we all agree in the value of quality schools.
Major repairs, renovations and technological upgrades are needed in schools throughout the District. Measure X will:
Today, over 19,000 students are attending schools originally designed for only 16,000 students. Projections show the need to build two new schools within the next five years. Measure X will:
VICTOR GARCIA, President, East County Latino Association
DOROTHY MARANDA, Past President, Mother Goose Parade
J. L. SCANTLIN, Real Estate Broker NICHOLAS KING, Businessman RICHARD HALL, Past President, El Cajon Historical Society
| No argument against the proposition was filed In the office of the
Registrar of Voters
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Tax Rate Statement |
An election will be held in Cajon Valley Union Elementary School
District on November 7, 2000 to authorize the sale of $75 million 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 of this statement, is $. 00957 per $100 ($ 9.57 per $100,000) of assessed valuation in fiscal year 2001-02. 2. 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 $. 05235 per $100 ($ 52.35 per $100,000) of assessed valuation in fiscal year 2010-11. 3. 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 $. 05235 per $100 ($ 52.35 per $100,000) of assessed valuation in fiscal year 2010-11. 4. The average tax rate that would be required to fund this bond issue, based on estimated assessed valuations available at the time of filing of this statement, is $. 02921 per $100 ($ 29.21 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: June 16, 2000 Dr. Marge Dean, Superintendent |