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Eureka City Schools District Bond Issue, Measure S (November 2014)
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A Eureka City Schools District Bond Issue, Measure S ballot question is on the November 4, 2014 election ballot for voters in the Eureka City Schools District in Humboldt County, California. It was approved.
Measure S authorized the district to increase its debt by $49.75 million through issuing general obligation bonds in that amount. District officials estimated the additional annual property tax rate required to repay these bonds to be $60 per $100,000 of assessed property value.[1]
A 55 percent supermajority vote was require for the approval of Measure S.
Election results
Eureka City Schools District Measure S | ||||
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Result | Votes | Percentage | ||
![]() | 8,083 | 57.39% | ||
No | 6,001 | 42.61% |
Election results via: Humboldt County Elections Office
Text of measure
Ballot question
The question on the ballot:[1]
“ |
EUREKA CITY SCHOOLS CLASSROOM REPAIR, TECHNOLOGY, & JOB TRAINING BOND MEASURE. To upgrade every school site and help improve education by: upgrading career technical/job training classrooms; investing in technology/science labs; repairing aging classrooms; qualifying local schools for matching state funds; and constructing/acquiring facilities, classrooms, sites and equipment, shall Eureka City Schools issue $49.75 million in bonds at legal rates, requiring Independent Citizens' Oversight, and annual audits, with no money for administrators' salaries/pensions?[2] |
” |
Impartial analysis
The following impartial analysis was prepared for Measure S:[1]
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The California Constitution provides that school districts may issue general obligation bonds 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, with the approval of 55% of the voters of the district, voting at an election for that purpose. Approval of Measure S will authorize the Governing Board (“Board”) of Eureka City Schools (“District”), to issue general obligation bonds in an amount not to exceed $49,750,000. Funds received from the sale of the bonds shall be used only for the purpose of upgrading technology infrastructure to improve student access to modern technology, and to construct, acquire, and improve other school facilities. The specific projects to be funded are described in the full text of the Measure. As required by law, the District’s Board has certified that it has evaluated safety, class size reduction, enrollment growth, and information technology needs in developing the project list. The measure provides that a citizens’ oversight committee will be established to ensure that bond proceeds are properly expended. In addition, annual performance and financial audits will be conducted. Approval of this Measure will also authorize the District to levy a tax on the assessed value of real property within the District by an amount needed to pay the principal and interest on these bonds in each year that the bonds are outstanding. The District estimates that the tax rate levied to meet the debt service requirements of the bonds will not exceed $60 per year per $100,000 of assessed valuation of taxable property. If 55% of the voters of the school district voting on the Measure vote yes, the District will be authorized to issue bonds in the amount not to exceed $49,750,000. A no vote on this Measure will disapprove the issuance of the bonds and the levy of the taxes for such bonded indebtedness.[2] |
” |
—Humboldt County Counsel[1] |
See also
- School bond elections in California
- Local school bonds on the ballot
- Humboldt County, California ballot measures
- November 4, 2014 ballot measures in California
External links
Footnotes
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