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Central School District Bond Issue, Measure N (November 2014)
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A Central School District Bond Issue, Measure N ballot question was on the November 4, 2014 election ballot for voters in the Central School District in San Bernardino County, California. It was approved.
Measure N authorized the district to increase its debt by $35 million through issuing general obligation bond in that amount. District officials estimated that an additional annual property tax rate of between $13.7 and $30 per $100,000 of assessed property value would be required to repay these bonds. The property tax for this bond measure was designed to replace an expiring tax for a previous bond measure, leading to the total property tax rate for bond repayments in the district to drop from $71.10 per $100,000 of assessed property value to $60.00 per $100,000 of assessed property value in the year 2015-2016.[1]
A 55 percent supermajority vote was required for the approval of Measure N.
Election results
| Central School District, Measure N | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 4,141 | 67.10% | ||
| No | 2,030 | 32.90% | ||
Election results via: San Bernardino Registrar of Voters
Text of measure
Ballot question
The question on the ballot:[1]
| “ |
CENTRAL SCHOOL DISTRICT CLASSROOM REPAIR AND EDUCATION IMPROVEMENT MEASURE. To upgrade schools, attract/retain quality teachers, repair deteriorating classrooms, bathrooms/plumbing, remove asbestos, ensure safe drinking water, improve school safety, fire alarms/sprinklers, update electrical wiring/ classroom technology, improve science/computer labs, and repair, construct/acquire, educational facilities, sites/ equipment, shall Central School District issue $35 million in bonds, at legal rates, require independent financial audits, citizens’ oversight, ensure all funds used locally, and not increase current tax rates?[2] |
” |
Impartial analysis
The following impartial analysis was prepared for Measure N:[1]
| “ |
Measure N is submitted to the voters by the Board of Trustees of the Central School District (“District”). A yes vote by fifty-five percent (55%) of the voters within the District voting on this measure will authorize the Board of Trustees of the District to issue and sell bonds in the aggregate principal amount not to exceed $35,000,000 at an annual interest rate not exceeding the statutory maximum. The District plans to use the proceeds of this bond measure to upgrade schools; repair classrooms, plumbing, bathrooms; remove asbestos; ensure safe drinking water; improve school safety, fire alarms/sprinklers; update electrical wiring, classroom technology; improve science/computer labs; and repair, construct, acquire educational facilities, sites, equipment. Article XIIIA of the California Constitution restricts the use of the bond funds to the school facilities projects included in the District’s Bond Project List. The Bond Project List was approved by action of the Board of Trustees and is included in the Full Text of Measure N. Some projects may be undertaken as joint use projects with other public or nonprofit agencies. The allocation of bond proceeds may be affected by the District’s receipt of State of California matching funds and the final cost of each project. The tax levy authorized to secure the bonds will not exceed $30 per $100,000 of the taxable property in the District when the assessed valuation is projected by the District. If this measure passes, the Board of Trustees of the District will be authorized to issue and sell the $35,000,000 in bonds set forth in the measure. If less than fifty-five percent (55%) of the voters voting on this measure vote yes, the Board of Trustees of the District will not be authorized to issue and sell the $35,000,000 in bonds set forth in the measure. This measure will not have any effect on existing law.[2] |
” |
| —Regina A. Coleman, Principal Assistant County Counsel[1] | ||
See also
- Local school bonds on the ballot
- San Bernardino County, California ballot measures
- November 4, 2014 ballot measures in California
External links
Footnotes
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