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Pacific Grove Unified School District Bond Issue, Measure G (November 2013)

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A Pacific Grove Unified School District Bond Issue, Measure G ballot question was on the November 5, 2013, election ballot for voters in the Pacific Grove Unified School District in Monterey County, which is in California. It was narrowly defeated.[1]

The property tax rate needed to pay for Measure G was estimated to be $30 per $100,000 of assessed valuation, which amounted to $2.50 per month per $100,000 of assessed valuation. The idea behind Measure G's different style of bond issue was that by selling a series of smaller, short-term bonds paid back in the short span of 3 to 5 years, instead of issuing the entire $27.8 million all at once, the borrowing costs of the bond issue would be significantly reduced. Estimates showed as little as 10% of the money spent on Measure G would be interest, while with conventional borrowing the interest could potentially have made up nearly 50% of the money spent on the bonds.[2]

Currently, the District spends $25,000 per year on technology, which breaks down to $12.50 per student per year. If Measure G had been approved, an estimated $500 per student would have been spent on technology every year. Measure G funds would have been spent on:[2]

  • Upgrading and maintaining educational software in every classroom
  • Increasing student access to computers
  • Providing ongoing funding to keep pace with 21st century innovations
  • Implementing a multi-year, district-wide educational technology plan
  • Improving classroom and campus security systems
  • Installing student performance assessment software to comply with statewide testing and learning requirements

A 55% supermajority vote was required for approval.

Election results

Measure G
ResultVotesPercentage
Defeatedd No2,59347.83%
Yes 2,828 52.17%
These final, certified results are from the Monterey 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 G:

"To increase student access to computers; maintain and upgrade educational technology; keep pace with 21st century technological innovations; implement statewide technology requirements for testing and learning; and significantly reduce borrowing costs, shall Pacific Grove Unified School District issue $27.8 million of short-term bonds with the interest rates below the legal limit, independent citizen oversight, and no money for administrator/teacher salaries, so long as all funds are spent locally and cannot be taken by the State?"[1]

Support

Supporters

YESonGforPG.png

Below is a list of people and organizations that endorsed Measure G on the campaign for measure G website:[3]

  • Ronald Pasquinelli, President, Monterey Peninsula Taxpayers Association
  • Monterey County Democratic Party
  • Moe Ammar, Business Leader
  • Darius Engels, PGPD Chief (ret.)
  • Marge Ann Jameson, [mailto editor@cedarstreettimes.com editor@cedarstreettimes.com]
  • Henry Nigos, Financial Advisor
  • Sam Teel, Monterey Peninsula Taxpayers Association and PG School Bond Oversight Committee
  • Richard Stillwell, Retired Business Owner
  • Donald E. Mothershead, Resident for 56 years
  • Jane Durant Jones, Loan Officer
  • Matt Bosworth, Bank Vice President
  • Dianne Hobson
  • Steve Thomas Parent & Home Owner
  • Casey Lucius Pacific Grove City Council member
  • Nate & Terry Piotrkowski
  • Jacquie Atchison, Parent, Education Non-Profit Executive
  • Shannon Cardwell, Retired Postmaster
  • Bill Monning, State Senator
  • Ashley Gamble
  • S. & J. Thomas
  • Lisa Thomas
  • Matt Nelson
  • Jennifer Nelson
  • Vishant Shahnawaz
  • Veli Kreci
  • Julie and Steve Bajari
  • Katie Uppman
  • Krista Tadlock
  • Rob Lee, CPA
  • Richard and Mary Goblirsch
  • Kathleen Lee
  • Andrew & Carol Miller
  • Kristen Hollingsworth, Teacher at PGUSD
  • Summer Wright, Teacher
  • Jeff Dal Bon
  • Jan Pratt, Broker Associate
  • Jeremy Johnson, Teacher at Pacific Grove High School in PGUSD
  • Denise Hedlind
  • Sandra Jordan, Retired Teacher, PGUSD
  • Kari Serpa, Teacher, Forest Grove Elementary
  • Erik Uppman, Advertising Executive
  • Ryan & Kate Bitter
  • Juliana Dacuyan, Teacher at PGUSD
  • Stephanie Perlstein, Teacher at PGUSD
  • Kris Stejskal, 3rd Grade Teacher
  • Talma Taormina
  • Mike Niccum, General Manager of PBCSD

Arguments in favor

Proponents argued that this style of short term bond would be less expensive to tax payers and would allow the school to fit their financing to the technology needs of the school and the useful life of the technology purchased, avoiding payments on obsolete equipment.[2]

The district boundaries

PGUSD BoundryMap.jpg

See also

External links

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