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Voter’s Edge California
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Presentado por
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League of Women Voters of California Education Fund
KPBS Voters Guide@KPBSNews
November 6, 2018 — Elección General de California
Distrito especial

Vista Unified School District
Measure LL Bond Measure - 55% Approval Required

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Resultados electorales

Se aprueba

32,661 votos si (64.2%)

18,203 votos no (35.8%)

100% de distritos activos (108/108).

54,990 boletas electorales serán contadas.

School Bond
— undefined

To repair, upgrade, equip classrooms, science labs, local school facilities supporting college readiness, career preparation, math, science, engineering, technology, skilled trades; repair aging classrooms/schools including deteriorating roofs, plumbing, and electrical; improve student safety/school security; shall Vista Unified School District Issue $247 million dollars in bonds at legal rates, raising approximately $13 million annually while bonds are outstanding, at a rate of 3 cents per $100 of assessed value, requiring citizen oversight, all funds for local schools?

¿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 $247,000,000 in general obligation bonds.

Un voto por el NO significa

A "NO" vote is a vote against authorizing the District to issue and sell $247,000,000 in general obligation bonds.

Análisis del analista legislativo / Proposal

San Diego County Counsel

COUNTY COUNSEL IMPARTIAL ANALYSIS

This measure was placed on the ballot by the governing board of the Vista Unified School District ("District"). This measure, if approved by 55% of the votes cast on the measure, will authorize the District to issue and sell $247,000,000 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 $247,000,000 in general obligation bonds.

A "NO" vote is a vote against authorizing the District to issue and sell $247,000,000 in general obligation bonds.

Tax rate

San Diego County Registrar of Voters

TAX RATE STATEMENT

An election will be held within the boundaries of Vista Unified School District ("District") on November 6, 2018 to authorize the sale of up to $247,000,000 in bonds of the District to finance improvements to educational facilities as described in the measure. If such bonds are approved, authorized and sold, the principal and interest on the bonds will be payable only from the proceeds of ad valorem tax levies made upon the taxable property in the District. The following information is provided in compliance with Sections 9400 to 9404, inclusive, of the California Elections Code. Such information is based upon the best estimates and projections presently available from official sources, upon experience within the District and other demonstrable factors.

1. The best estimate from official sources 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 a projection of assessed valuations available at the time of filing of this statement, is 3.315 cents per $100 of assessed valuation ($33.15 per $100,000 of assessed valuation). The final fiscal year in which it is anticipated that the tax will be collected is 2057-58.

2. The best estimate from official sources of the highest tax rate that would be required to be levied to fund this bond issue, based on a projection of assessed valuations available at the time of filing this statement is 3.517 cents per $100 of assessed valuation ($35.17 per $100,000 of assessed valuation) It is estimated that such rate would be levied in fiscal year 2032-33. The best estimate from official sources of the lowest tax rate that would be required to be levied to fund this bond issue, based on a projection of assessed valuations available at the time of filing this statement is 3.186 cents per $100 of assessed valuation ($31.86 per $100,000 of assessed valuation) It is estimated that such rate would be levied in fiscal year 2040-41.

3. The best estimate from official sources of the total debt service, including the principal and interest that would be required to be repaid if all the bonds are issued and sold, is approximately $506 million.

Voters should note that the estimated tax rate is based on the assessed value (not market value) of taxable property on the San Diego County official tax rolls. In accordance with Education Code Section 15100, subparagraph (c), the Board has obtained reasonable and informed projections of assessed property valuations that take into consideration projections (if any) of assessed property valuations made by the County Assessor. 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. Property owners should consult their own property tax bills and tax advisors to determine their property's assessed value and any applicable tax exemptions. 

The attention of all voters is directed to the fact that the foregoing information is based upon projections and estimates only, which are not binding upon the District. The actual tax rates and the years in which they will apply may vary from those presently estimated, due to variations from these estimates in the timing of bond sales, the amount of bonds sold and 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. 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. Accordingly, the actual tax rate and the years in which such rates are applicable may vary from those presently estimated as above stated.

Signed: Linda Kimble, Superintendent
Dated: May 31, 2018

Published Arguments — Arguments for and against the ballot measure

Argumento A FAVOR

ARGUMENT IN FAVOR OF MEASURE LL

Vote Yes on LL to repair 50-year-old neighborhood schools. Help prepare local students to compete for success in college and 21st-century careers.

Vista Unified School District is on the way up, establishing partnerships with Cal State San Marcos, Palomar College and the San Diego Workforce Partnership, creating better access to college and good-paying jobs for graduates.

Yet local classrooms and labs have not kept pace. Aging local schools are deteriorating and unsafe. Fire alarms have caught fire and kids are forced to use porta potties due to failing bathroom plumbing.

Measure LL will fix these problems — with local funds, under local control, that State government can’t take.

Vote Yes on LL: Repair Aging Schools, Support Student Success

  • Repair or replace deteriorating roofs, plumbing, sewer lines and electrical systems
  • Replace wood and support beams that have extensive termite damage or rot
  • Provide the classrooms, labs and technology to support high quality instruction in science, technology, engineering, arts and math
  • Upgrade classrooms, libraries and science labs to keep pace with learning technology
  • Provide classrooms, labs and equipment for career and technology education so students are prepared for college and in-demand jobs in health sciences, engineering, technology and skilled trades

A Clear System of Accountability

  • Endorsed by San Diego County Taxpayers Association
  • A specific project list is included in your voter pamphlet
  • Independent citizens’ oversight and annual audits ensure all funds are spent as promised
  • No money can be used for administrators’ salaries
  • The State and federal government cannot touch any of these locally controlled funds

Measure LL is a wise investment, whether or not you have kids in school. Good schools improve local quality of life and protect the value of our homes.

Please join parents, taxpayers, taxpayer advocates and local businesses in voting Yes on LL.

Haney Hong
President & CEO,
San Diego County Taxpayers Association 

Judy Ritter
Vista Mayor

Paul A. Garza
Board President,
North County Lifeline 

Luisa Stafford
President,
Del Norte PTA Council
Serving Vista Unified

Robert E. Westfall, Jr
President – Solatube International/
Vista Business Person of the Year 2015

— San Diego County Registrar of Voters

Argumento EN CONTRA

ARGUMENT AGAINST MEASURE LL

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

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Due to its length, 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 linking to a PDF version of a sample ballot prepared by the San Diego County Registrar of Voters, which contains the full text: https://www2.sdcounty.ca.gov/rov/Sample_Ballots/Eng/SB-ENG-150.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 .

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

Sí por Measure LL

Organizaciónes (2)

Funcionarios electos y designados (0)
No por Measure LL

Organizaciónes (1)

Funcionarios electos y designados (0)

Más información

Noticias (2)

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