Chula Vista Elementary School District, California, Measure M, Bond Issue (March 2020)

Chula Vista Elementary School District Measure M
Election date March 3, 2020
Topic Local school bonds
Status a Approved
Type Referral	Origin Lawmakers
List of California measuresCalifornia Proposition 13 (March)California Proposition 14California Proposition 15California Proposition 16California Proposition 17California Proposition 18California Proposition 19California Proposition 20California Proposition 21California Proposition 22California Proposition 23California Proposition 24California Proposition 25Submit

A bond issue was on the ballot for Chula Vista Elementary School District voters in San Diego County, California, on March 3, 2020.

A "yes" vote supported authorizing the district to issue $300 million in bonds and requiring an average tax rate of $30 per $100,000 of assessed property value for bond repayment.

A "no" vote opposed authorizing the district to issue $300 million in bonds and requiring an average tax rate of $30 per $100,000 of assessed property value for bond repayment.

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

Election results

Chula Vista Elementary School District Measure M
Result		Votes	Percentage
Yes		36,363	55.42%
No		29,247	44.58%

Results are officially certified.

Source

Text of measure

Ballot question

The ballot question was as follows:

“

To make student safety and campus security improvements throughout the District and renovate, construct, acquire, equip and furnish school facilities/classrooms, including roofs, plumbing, solar panels, heating lair conditioning and electrical systems, shall the Chula Vista Elementary School District measure authorizing $300 million of bonds at legal interest rates, with projected levies of $0.03 cents per $100 assessed valuation raising approximately $16.7 million for annual repayment while bonds are outstanding, and requiring annual audits and citizens' oversight, be adopted?

”

Impartial analysis

The following impartial analysis of the measure was prepared by the office of the San Diego County Counsel:

“ This measure was placed on the ballot by the governing board of the Chula Vista Elementary School District (“District”). This measure, if approved by 55% of the qualified electors voting on the measure, will authorize the District to issue and sell general obligation bonds in an amount not to exceed $300,000,000. If approved, the bonds may be issued in several series and may mature in 40 years or such shorter period as determined by the District Board. The interest rate on the bonds would not exceed statutory limits. Approval of this measure will authorize a levy on the assessed value of taxable property within the District in an amount needed to pay the principal and interest on the bonds each year the bonds are outstanding. The Tax Rate Statement submitted by the District estimates the highest tax rate which would be required to be levied to fund this bond issue is $30.00 for every $100,000 of assessed valuation and the total debt service, including principal and interest, required to be repaid if all the bonds are issued and sold is approximately $399,700,000. These amounts are estimates. Actual amounts may vary depending on the timing of sales, amount of bonds sold at each sale, and assessed valuation. Proceeds from the sale of bonds authorized by this measure can only be used for purposes described in the full text of this measure, as permitted by State law. Approval of this measure does not guarantee that the proposed projects identified by the District will be funded by the sale of the bonds. The District’s proposal for certain projects may assume receipt of matching State funds subject to appropriation by the Legislature or approval of a statewide bond measure. The California Constitution permits property taxes, above the standard 1% limitation, to be levied upon real property to pay the interest and redemption charges on any bonded indebtedness for, among other things, the construction, reconstruction, rehabilitation, or replacement of school facilities, including the furnishing and equipping of school facilities, when approved by 55% of the voters if: (1) the proceeds from the sale of the bonds are used only for the purposes specified, (2) the District evaluates safety, class size reduction, and information technology needs to approve a list of specific projects to be funded, (3) the District conducts an annual, independent performance audit to ensure funds have been expended on the specific projects listed, and (4) the District conducts an annual, independent financial audit of bond proceeds. Additionally, if the bond measure is approved, State law requires the District to establish an independent citizens’ oversight committee. The District has made the issuance of the bonds in this measure subject to these legal requirements. A 'YES' vote is in favor of authorizing the District to issue and sell $300,000,000 in general obligation bonds. A 'NO' vote is against authorizing the District to issue and sell $300,000,000 in general obligation bonds. ”

Full text

The full text of the measure is available here.

Path to the ballot

See also: Laws governing local ballot measures in California

This measure was put on the ballot through a vote of the Chula Vista Elementary School District Board.

See also

Local measures

• Local measures in 2020
• Local school bonds ballot measures

• San Diego County measures

California

• March 3, 2020 measures in California
• Local ballot measures, California
• Chula Vista Elementary School District, California

News and analysis

• State and local preemption conflicts
• Measures advancing national agendas

External links

Suggest a link

• Search Google News for this topic
• [XXURLXX San Diego County Elections Office website]