Jacoby Creek School District Bond Issue, Measure Y (November 2014)

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A Jacoby Creek School District Bond Issue, Measure Y ballot question was on the November 4, 2014 election ballot for voters in the Jacoby Creek School District in Humboldt County, California. It was defeated.

If approved, Measure Y would have authorized the district to increase its debt by $2.5 million through issuing general obligation bonds in that amount. District officials estimated the annual additional property tax rate required to repay these bonds to be $30 per $100,000 of assessed property value.

A 55 percent supermajority vote was required for the approval of Measure Y.

Election results

Jacoby Creek School District Measure Y
Result		Votes	Percentage
d No		534	45.49%
Yes		640	54.51%

Election results via: Humboldt County Elections Office

Text of measure

Ballot question

The question on the ballot:

“

To improve the quality of education with funding that cannot be taken by the State; make health, safety and handicapped accessibility improvements; modernize, upgrade and renovate outdated classrooms, restrooms and school facilities; improve student access to modern technology, and replace aging temporary portables with permanent classrooms; shall the Jacoby Creek School District issue $2,500,000 of bonds at legal interest rates, have an independent citizens' oversight committee and have NO money used for teacher or administrative salaries? (quote)

”

Impartial analysis

The following impartial analysis was prepared for Measure Y:

“	The California Constitution allows school districts to borrow money by issuing bonds to pay for construction, repair, replacement, and acquisition of school facilities if 55 percent of the voters who vote on the measure approve the sale of the bonds. The Jacoby Creek Charter School District’s Board of Trustees has called for an election and placed on the ballot the question of whether to issue bonds in the amount of $2.5 million for the purpose of construction, upgrades, and improvements at District school sites. Money raised by bond sales can be used for the purposes and projects stated in the Bond Project List set forth in the Measure including health, safety, and handicapped accessibility improvements; modernization and renovation of classrooms, restrooms, and school facilities; improvement of student access to modern technology; and replacement of aging temporary portables with permanent classrooms, As required by state 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. If the Measure is approved, the District’s Board will conduct annual, independent financial and performance audits to ensure that bond proceeds have been expended only on the projects on the Bond Project List. In addition, an Independent Citizens’ Oversight Committee will be established within sixty days of the entry of the election results on the Board’s minutes. The proceeds of the bonds will be maintained in a separate account in the County Treasury, and the Board must receive an annual report on the status of projects undertaken and the amount of bond proceeds received and expended in that year. Approval of this Measure will also authorize the District to levy an ad valorem 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 Tax Rate Statement for the measure in this sample ballot pamphlet reflects the District’s best estimates, based upon currently available data and projections, of the property tax rates required to service the bonds. If 55% of the voters in the school district approve the Measure, the District will be authorized to issue bonds in an amount not to exceed $2.5 million. A no vote will disapprove the issuance of bonds and the tax levy for such bonded indebtedness. Approval of the Measure does not guarantee that the proposed project or projects in the school district will be funded beyond the local revenues generated by the Measure. The 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.	”
—Humboldt County Counsel

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

Suggest a link

• Humboldt County Registrar of Voters Office website