presents
Voter’s Edge California
Conozca la información antes de votar.
Presentado por
MapLight
League of Women Voters of California Education Fund
KPBS Voters Guide@KPBSNews
November 6, 2018 — Elección General de California
Distrito especial

Santee School District
Measure S Bond Measure - 55% Approval Required

To learn more about measures, follow the links for each tab in this section. For most screenreaders, you can hit Return or Enter to enter a tab and read the content within.

Resultados electorales

Se aprueba

13,778 votos si (60.7%)

8,935 votos no (39.3%)

100% de distritos activos (51/51).

25,058 boletas electorales serán contadas.

School Bond
— undefined

To construct, modernize, update and equip Santee elementary and junior high school classrooms and educational facilities, shall $15,370,000 of Santee School District bonds, approved by voters in 2006, be reauthorized as new bonds, with legal rates, projected average annual levies of $0.03 per $100 of assessed valuation for approximately eight years (an estimated $2.2 million raised annually), citizens' oversight, audits, no increase in total District debt, and all funds spent locally and not taken by the State?

¿Qué es esta propuesta?

Información básica sobre la iniciativa de ley — Información oficial sobre esta iniciativa

Un voto por el SÍ significa

A "YES" vote is a vote in favor of authorizing the District to issue and sell $15,370,000 in general obligation funds.

Un voto por el NO significa

A "NO" vote is a vote against authorizing the District to issue and sell $15,370,000 in general obligation funds.

Análisis del analista legislativo / Proposal

San Diego County Counsel

This measure was placed on the ballot by the governing board of the Santee School District ("District"). This measure, if approved by 55% of the votes cast on the measure, will authorize the District to issue and sell $15,370,000 in general obligation bonds. The sale of these bonds by the District is for the purpose of raising money for the District, and represents a debt of the District. In exchange for the money received from bondholders, the District promises to pay the bondholders an amount of interest for a certain period of time, and to repay the bonds on the expiration date. 

Voter approval of this measure will also authorize an annual tax to be levied upon the taxable property within the district. The purpose of this tax is to generate sufficient revenue to pay interest on the bonds 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 measure 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, could not 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 measure is consistent with the requirements of the California Constitution. The California Constitution permits property taxes, above the standard 1% limitation, to be levied upon real property to pay the interest and redemption charges on any bonded indebtedness for, among other things, the construction, reconstruction, rehabilitation, or replacement of school facilities, 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 evaluates safety, class size reduction, and information technology needs to approve a list of specific projects to be funded,
(3) the District conducts an annual, independent performance audit to ensure funds have been expended on the specific projects listed, and
(4) the District conducts an annual, independent financial audit of bond proceeds.

Additionally, if the bond measure is approved, state law requires the District to establish an independent citizens' oversight committee. The District has made this ballot measure subject to these legal requirements.

Approval of this measure does not guarantee that the specific projects listed by the District will be funded by the sale of the bonds.

A "YES" vote is a vote in favor of authorizing the District to issue and sell $15,370,000 in general obligation funds.

A "NO" vote is a vote against authorizing the District to issue and sell $15,370,000 in general obligation funds.

Tax rate

Superintendent, Santee School District

TAX RATE STATEMENT

An election will be held in the Santee School District (the “District”) on November 6, 2018, to authorize the sale of up to $15,370,000 in bonds of the District to finance school facilities as described in the proposition. If the bonds are approved, the District expects to issue the bonds in a single series. Principal and interest on the bonds will be payable from the proceeds of tax levies made upon the taxable property in the District. The following information is provided in compliance with Sections 9400 through 9405 of the California Elections Code.

1. The best estimate of the average annual tax rate that would be required to be levied to fund this bond issue over the entire duration of the bond debt service, based on assessed valuations available at the time of filing of this statement, is $0.03 per $100 of assessed valuation. The final fiscal year in which the tax to be levied to fund this bond issue is anticipated to be collected is fiscal year 2026-27.

2. The best estimate of the highest tax rate that would be required to be levied to fund this bond issue, based on estimated assessed valuations available at the time of filing of this statement, is $0.03 cents per $100 of assessed valuation in fiscal year 2019-20.

3. The best estimate of the total debt service, including the principal and interest, that would be required to be repaid if all of the bonds are issued and sold is approximately $17,500,000.

Voters should note that estimated tax rates are based on the ASSESSED VALUE of taxable property on the County’s official tax rolls, not on the property’s market value, which could be more or less than the assessed value. In addition, taxpayers eligible for a property tax exemption, such as the homeowner’s exemption, will be taxed at a lower effective tax rate than described above. Certain taxpayers may also be eligible to postpone 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 the foregoing information is based upon the District’s projections and estimates only, which are not binding upon the District. The average annual tax rate, the highest tax rate and the year or years in which they will apply, and the actual total debt service, may vary from those presently estimated due to variations in the timing of bond sales, the amount of bonds sold, market interest rates at the time of each sale, and actual assessed valuations over the term of repayment of the bonds. The dates of sale and the amount of bonds sold at any given time will be determined by the District based on need for construction funds and other factors, including the legal limitations on bonds approved by a 55% affirmative vote. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale. Actual future assessed valuation 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.

Dated: May 15, 2018.

/s/ Kristin Baranski, Ed.D.
Superintendent, Santee School District

 

Approval of Measure S does not guarantee that the proposed project or projects in the Santee School District that are the subject of bonds under Measure S will be funded beyond the local revenues generated by Measure S. 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.

Published Arguments — Arguments for and against the ballot measure

Argumento A FAVOR

ARGUMENT IN FAVOR OF MEASURE S

Vote YES on Measure S!

In 2006, Santee voters passed a general obligation bond to improve and protect our community’s most important assets – our local elementary schools. As promised, tremendous improvements have been made in repairing, rehabilitating, and upgrading every school in Santee School District.

By reauthorizing $15.37 million of previously approved bonds, Measure S will allow us to continue improving our schools without increasing the District’s total authorized debt. Bonds will be issued as short-term, thereby saving taxpayers millions of dollars in future interest payments and future increased construction costs.

Measure S 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. Measure S will achieve this goal while protecting taxpayers.

Measure S will allow us to continue improving our schools by:

  • Modernizing and replacing aging classrooms and school facilities to meet health and safety requirements
  • Upgrading science classrooms
  • Revitalizing and expanding media centers/libraries

Measure S will protect taxpayers by:

  • Saving millions of dollars of increased interest payments and future construction costs
  • Requiring annual audits and independent taxpayer oversight of the funds
  • Prohibiting funds from going to teacher and administrators’ salaries, pensions or benefits
  • Imposing tough legal safeguards requiring all monies to be spent on our local schools

Vote YES on Measure S:

  • To enhance property values and home prices by improving our local schools
  • For 21st Century state-of-the-art education facilities
  • To protect taxpayers with independent financial audits

Join parents, teachers, grandparents, guardians, neighbors and community leaders in voting YES on Measure S to build better and safer schools, improve student achievement, protect property values, and most importantly, build a better future for Santee students.

Eugene M Chubb

Buddy Rabaya
SMOAC

Jean Brittain
Past President,
Tierra Del Sol PTA 

Dianne El-Hajj
President,
Santee Board of Education

Haney Hong
President and CEO, San Diego County Taxpayers Association

— San Diego County Registrar of Voters

Argumento EN CONTRA

ARGUMENT AGAINST MEASURE S

No argument against the measure was filed in the office of the Registrar of Voters.

 

— San Diego County Registrar of Voters

Leer la legislación propuesta

Legislación propuesta

~ ~ ~ ~ ~

Due to its length and complexity, the full text of this measure will not be entered into Voter's Edge by a League of Women Voters volunteer. Instead, Voter's Edge is pointing to a PDF version of a sample ballot prepared by the San Diego County Registrar of Voters: https://www2.sdcounty.ca.gov/rov/Sample_Ballots/Eng/SB-ENG-450.pdf

To find your own sample ballot version, containing all the candidates and measures on your own ballot, please use the ROV's sample ballot look-up tool at https://www2.sdcounty.ca.gov/rov/Eng/ballot.asp .

~ ~ ~ ~ ~

¿Quién está a favor y en contra de esta iniciativa de ley?

Sí por Measure S

Organizaciónes (1)

Funcionarios electos y designados (0)
No por Measure S

Organizaciónes (1)

Funcionarios electos y designados (0)

Más información

Use tabs to select your choice. Use return to create a choice. You can access your list by navigating to 'My List'.

Comparta este sitio para ayudar a otras personas a investigar sus opciones para las votaciones.

PUBLISHING:PRODUCTION SERVER:PRODUCTION