Las Lomitas Elementary School District bond proposition, Measure S (November 2013)

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A Las Lomitas Elementary School District bond proposition, Measure S ballot question was on the November 5, 2013, election ballot for voters in the Las Lomitas Elementary School District in San Mateo County, which is in California. It was approved.

According to the district, the highest average tax rate levy per year needed to fund these bonds was estimated at $30 per $100,000 of assessed valuation.[1]

A 55% supermajority vote was required for approval.

Election results

Measure S
ResultVotesPercentage
Approveda Yes 2,305 73.9%
No81226.1%
These final, certified results are from the San Mateo County elections office.

Text of measure

The question on the ballot:

This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.

Measure S:

“To repair and improve aging schools to protect quality academic instruction with funding that cannot be taken by Sacramento, shall Las Lomitas Elementary School District build classrooms for increased student enrollment, update/replace aging classrooms to meet current health/safety codes, renovate heating/electrical systems to save money, support 21st century instructional technology, acquire, repair, construct sites, facilities, equipment by issuing $60,000,000 in bonds at legal rates, with citizens’ oversight, no money for administrators, and all funds staying local?”[1]

Support

Supporters

  • San Mateo County Democratic Party[2]
  • Karen Fryling, Realtor at Coldwell Banker
  • Rich Ginn, President of the Las Lomitas Elementary School District Board
  • Sue Sartor, Principle at Las Lomitas Principal
  • Ray Mueller, Menlo Park Mayor

Arguments

Proponents of Measure S had outlined their arguments in the League of Women Voters’ Voter Guide. The arguments included the following:[3]

  • Last time that voters passed a similar bond measure, all school improvement projects were completed on time and within budget.
  • As the school district grows, there are not enough classrooms and buildings for students.
  • Taxpayer protections are included in the measure. No funds can be spent on administrators' salaries or pensions. Only facilities, technology and equipment upgrades are allowed. An independent citizens' oversight committee will ensure all funds are spent properly.

Opposition

  • The League of Women Voters of California could not identify any opponents or opposing arguments, as listed in their voter guide.[3]

Tax Rate Statement

Lisa Cesario, the Superintendent of the Las Lomitas School District, provided a tax rate statement for Measure S:[3]

This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.

An election will be held in the Las Lomitas School District (the "District") on November 5, 2013, to authorize the sale of up to $60,000,000 in bonds of the District to finance projects as described in the measure. If such bonds are authorized and sold, principal and interest on the bonds will be payable only from the proceeds of tax levies made upon the taxable property in the District. The following information is provided in compliance with Sections 9400-9404 of the Elections Code of the State of California. Such information is based upon the best estimates and projections presently available from official sources, upon experience within the District, and other demonstrable factors. Based upon the foregoing and projections of the District's assessed valuation, the following information is provided:

1. The best estimate of the tax rate which would be required to be levied to fund this bond issue during the first fiscal year after the sale of the first series of bonds, based on a projection of assessed valuations, is $30.00 per $100,000 of assessed value for fiscal year 2014-15.
2. The best estimate of the tax rate which would be required to be levied to fund this bond issue during the first fiscal year after the sale of the last series of bonds, based on a projection of assessed valuations, is $30.00 per $100,000 of assessed value for fiscal year 2020-21.
3. The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on a projection of assessed valuations, is $30.00 per $100,000 of assessed value for fiscal year 2014-15 and the subsequent fiscal years thereafter voters oters should note the estimated tax rate is based on the ASSESSED v VALUE of taxable property on the County's official tax rolls, not on the property's market 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. 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 date of sale and the amount of bonds sold at any given time will be determined by the District based on the 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 sale. Actual future assessed valuations 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.

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