Bayshore Elementary School District Bond Issue, Measure C (June 2014)
- 1 Election results
- 2 Text of measure
- 3 Support
- 4 Opposition
- 5 Similar measures
- 6 See also
- 7 External links
- 8 References
Measure C authorized the district to increase its debt by $6 million through issuing general obligation bonds in that amount in order to modernize, renovate, construct, repair and improve school facilities and technology. The bonds were set to be paid back in a maximum of either 25 years or 40 years, according to the discretion of the district's board. The property tax rate required to repay these bonds was estimated at $30 per $100,000 of assessed valuation.
In 2014, the Bayshore Elementary School District had about 389 students.
District voters approved Measure Y, a six year parcel tax of $96 per parcel per year, in 2008.
A 55% supermajority vote was required for the approval of Measure C.
- Election results from San Mateo County Elections Office
Text of measure
The question on the ballot:
To improve the quality of education; replace outdated heating, ventilation, and air conditioning systems; repair deteriorating plumbing systems; modernize classrooms, restrooms, and school facilities; repair or replace leaky roofs; upgrade inadequate electrical systems; and improve student access to computers and modern technology; shall the Bayshore Elementary School District issue $6 million of bonds at legal interest rates, have an independent citizens' oversight committee, and have NO money used for administrative salaries or be taken by the State?
The following impartial analysis of Measure C was prepared by the office of the county counsel:
Education Code Section 15100 authorizes a school district to issue bonds for specified purposes if voters first approve the issuance of the bonds at an election. Education Code Section 15266 provides the measure passes if 55% of those voting on it vote for the measure.
The Board of Trustees of the Bayshore Elementary School District proposes this measure which would authorize the district to issue bonds in an amount not to exceed $6 million. The bonds will have an interest rate not exceeding the legal maximum and will mature in a maximum of 25 or 40 years from their date of issuance depending on how the bonds are issued. The District's best estimate of the average annual tax rate levy per $100,000 of assessed valuation to fund this bond is $30.00 for the fiscal year 2014-2015 and also for fiscal year 2017-2018. The District's best estimate of the highest average annual tax rate levy per $100,000 of assessed valuation to fund this bond is $30.00.
The California Constitution requires the listing of specific school facilities projects to be funded from the bond revenue and certification that the District governing board has evaluated safety, class size reduction, and information technology needs in the development of that list. The District's Project List for the bond is attached to the full text of this measure and lists projects including: replacing heating, cooling, and ventilation systems; improving plumbing/sewer, electrical, and roofing systems; modernizing, renovating, and expanding classrooms, bathrooms, and other facilities; improving technology infrastructure and equipment; improving multipurpose rooms and physical education facilities; seismic retrofitting; improving the interior and exterior of classrooms and other facilities; improving parking and student drop-off and pick-up areas; replacing temporary classrooms with permanent ones; improving energy efficiency; improving accessibility upgrades per the Americans with Disabilities Act; and proper handling of hazardous materials. The Project List should be reviewed for further specifics.
The California Constitution and Education Code require the District to take certain steps to account for the proceeds from the bonds. Accordingly, the District will direct the funds to be deposited into a special account, appoint a citizens' oversight committee, conduct annual independent performance and financial audits to assure that funds are spent only on the listed improvements and for no other purposes, and prepare annual reports listing the amount of funds collected and expended and the status of any funded project.
A YES vote on this measure would authorize the Bayshore Elementary School District to issue bonds in an amount not to exceed $6 million for the purposes listed in the Project List.
A NO vote would prevent the Bayshore Elementary School District from issuing the bonds.
This measure passes if 55% of those voting on the measure vote "Yes."
—San Mateo County Counsel
The following individuals signed the official arguments in favor of Measure C:
- Martha Padilla
- Su Hu
- Maria Duran
- Teresa Hintosa
Arguments in favor
The following official arguments were submitted in favor of Measure C:
Our schools are the most important assets in our community and should be our number one priority. From higher achieving students to greater neighborhood safety and improved property values, quality schools make a difference. While our teachers and staff do a great job in educating our children, many classrooms and school facilities at the Bayshore Elementary School District are outdated and inadequate to provide students with the facilities they need to succeed. This is why our children need your YES vote on Measure C.
Although our schools have been well maintained over the years, aging classrooms and facilities must be upgraded since many do not meet 21st century standards. Many of the buildings our children use are between 30-50 years old! Measure C would allow the District to improve our schools and the quality of technological and educational standards and better our community.
If passed, Measure C will provide funding to make facility improvements at Bayshore Schools including:
Measure C makes financial sense and protects taxpayers.
Measure C upgrades and renovates old and inadequate school facilities, improves the education of local children, and maintains the quality of our community. That's something we can all support. Please join us and vote YES ON MEASURE C!
—Martha Padilla, Su Hu, Maria Duran and Teresa Hintosa
Mark W.A. Hinkle, president of the Silicon Valley Taxpayers' Association, submitted the official arguments in opposition to Measure C, as well as every other June 3, 2014 school bond and tax measure in San Mateo County and San Benito County.
The following official arguments were submitted in opposition to Measure C:
When school boards ask voters' permission to go into debt with bonds like Measure C, what are they saying? They are admitting that everything they spend our tax dollars on now is more important than the projects in this measure. Budgets reflect priorities. Bayshore Elementary School District is saying every education dollar spent today is going to something they prioritize higher than "improving student access to modern technology."
Do you agree?
Education Data Partnership (www.Ed-Data.K12.ca.us) shows only about 389 students in Bayshore Elementary School District so this bond could exceed $15,400/student - not counting interest and administration expenses.
When we buy homes, truth-in-lending laws require that we're told the real cost of those homes. For example:
Borrowing $600,000 at 5% interest for 30 years means $38,651/year in principal and interest - a lifetime cost of $1,159,534.
Shouldn't consumer protection laws apply to bonds, too? We taxpayers deserve to know the full truth about Measure C. We don't know when this debt will begin, let alone what its interest rate will be.
Who buys computers on a 25-year payment plan? Instead of making loan payments for over two decades with a fraction (>1/6) of the proposed loan, we could buy enough computers for every child enrolled now and upgrade to new models every 4 years.
Which is more important to you?
1. Paying reasonable amounts for "modern technology" now by using dollars already in schools' budgets?
2. Sending new tax dollars - through principal and interest payments - to big banks, investment brokers, and others who buy these bonds as tax shelters.
If you value your children's "access to computers" over funding tax shelters, vote NO on Measure C.
If you value children learning with "modern technology" over making 25 years' interest payments, vote No on Measure C.
—Mark W.A. Hinkle, president of the Silicon Valley Taxpayers' Association
- Local school bonds on the ballot
- San Mateo County, California ballot measures
- June 3, 2014 ballot measures in California
- League of Women Voters of California Education Fund, San Mateo County, June 3, 2014 election information, accessed May 9, 2014
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.