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Freshwater School District, California, Measure C, Bond Issue (June 2018)
| Measure C: Freshwater School District Bond Issue |
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| The basics |
| Election date: |
| June 5, 2018 |
| Status: |
 ApprovedMajority required: 55% |
| Topic: |
| Local school bonds Tax: $0.03 per $100 in assessed value Matures in: 25 years |
| Related articles |
| Local school bonds on the ballot June 5, 2018 ballot measures in California Humboldt County, California ballot measures District bonds on the ballot |
| See also |
| Freshwater School District, California |
A bond issue was on the ballot for Freshwater School District voters in Humboldt County, California, on June 5, 2018. It was approved.
| A yes vote was a vote in favor of authorizing the Freshwater School District to issue $2.1 million in bonds at a rate of $0.03 per $100 in assessed value for 25 years. |
| A no vote was a vote against authorizing the Freshwater School District to issue $2.1 million in bonds at a rate of $0.03 per $100 in assessed value for 25 years. |
A 55 percent supermajority vote was required for the approval of this measure.
Election results
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Freshwater School District Measure C |
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| Result | Votes | Percentage | ||
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483 | 64.75% | ||
| No | 263 | 35.25% | ||
Text of measure
Ballot question
The ballot question was as follows:[1]
| “ |
To improve the quality of education with funding that cannot be taken by the State; repair or replace leaky roofs; and renovate/modernize outdated classrooms and school facilities; shall Freshwater School District issue $2,100,000 of bonds at legal interest rates, generating on average $149,000 annually for issued bonds through maturity from levies of approximately $0.03 per $100 assessed value, with annual audits, independent citizens’ oversight committee, NO money for salaries and all money for local schools?[2] |
” |
Impartial analysis
The following impartial analysis of the measure was prepared by the office of the Humboldt County Counsel:
| “ |
This analysis of the general obligation bond measure for the Freshwater School District (“District”), Measure C, is prepared pursuant to Elections Code Section 9500 (b). On January 16, 2018, the District’s Board of Trustees adopted Resolution No. 2018.1, as authorized by Section 1 of Article XIIIA and Section 18 of Article XVI of the California Constitution and Education Code Sections 15264 et seq., ordering an election to approve the issuance of bonds in the principal amount not to exceed $2,100,000 and to levy ad valorem taxes on taxable property within the District to finance specified educational facility and technology upgrade projects. Pursuant to Education Code Section 15140 the maximum rate of interest to be paid is eight percent (8%) for a term not to exceed 25 years. Bond proceeds will be expended to modernize, replace, renovate, expand, construct, acquire, equip, furnish and otherwise improve the classrooms and school facilities of the District as described in the full text of the measure (the “Full Text”). The full extent of the projects to be completed will depend on final determination of project costs and the availability of state grant funds or other non-bond sources. Approval of Measure C does not guarantee that the proposed project or projects in the Freshwater School District that are the subject of bonds under Measure C will be funded beyond the local revenues generated by Measure C. The school 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. The proceeds will not be used for any purpose not identified in the measure, including teacher or administrator salaries. As required by law, the District’s Board of Trustees shall establish a citizen’s oversight committee to ensure that the proceeds of the bonds are spent only on the projects and sites identified in Measure C. The District is required by law to prepare an annual independent financial and performance audit, and issue an annual report. According to the tax rate statement submitted by S. Talty, Superintendent of the Freshwater School District, the average estimated ad valorem tax which would be required to be levied on taxable real property to repay the bonds over their term would be $.03 per $100 of assessed value ($30 per year for property having an assessed value of $100,000). These calculations, however, are estimates only and are not binding upon the District. If fifty-five percent (55%) of the qualified electors residing within the District voting on Measure C vote for approval, the District’s Board of Trustees would be authorized to issue bonds for the purposes described in the Full Text. If less than fifty-five percent (55%) of the qualified electors voting on the measure vote for approval, the District will not be authorized to issue the bonds. A “yes” vote is to authorize the issuance of the bonds. A “no” vote is against authorizing the issuance of the bonds.[2] |
” |
| —Humboldt County Counsel[1] | ||
Path to the ballot
This measure was put on the ballot through a vote of the governing officials of Freshwater School District, California.
See also
External links
Footnotes
- ↑ 1.0 1.1 Sara Reynolds, "Email communication with Humboldt County Elections Office," April 24, 2018
- ↑ 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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