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Hesperia Unified School District Bond Issue, Measure M (November 2014)
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A Hesperia Unified School District Bond Issue, Measure M ballot question was on the November 4, 2014 election ballot for voters in the Hesperia Unified School District in San Bernardino County, California. It was defeated.
If approved, Measure M would have authorized the district to increase its debt by $207 million through issuing general obligation bonds. District officials estimated that an additional annual property tax rate of $58.58 per $100,000 of assessed property value would be required to repay these bonds.[1]
A 55 percent supermajority vote was required for the approval of Measure M.
Election results
| Hesperia Unified School District, Measure M | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 No | 7,920 | 61.44% | ||
| Yes | 4,970 | 38.56% | ||
Election results via: San Bernardino Registrar of Voters
Text of measure
Ballot question
The question on the ballot:[1]
| “ |
Hesperia Unified School District Local School Facilities Funding/Career Readiness Measure. To repair, renovate, acquire, construct and upgrade neighborhood schools/ educational facilities, including upgrading career preparation/job training facilities; upgrading classrooms/ science labs/technology; upgrading fire safety including safety doors/sprinklers/smoke alarms; repairing deteriorating bathrooms/plumbing; and, removing asbestos/lead paint, shall the Hesperia Unified School District issue $207,000,000 in bonds, at legal rates, requiring independent audits, citizens’ oversight, no money for administrators’ salaries/pensions, and all money spent locally?[2] |
” |
Impartial analysis
The following impartial analysis was prepared for Measure M:[1]
| “ |
Measure M is submitted to the voters by the Board of Trustees of the Hesperia Unified 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 $207,000,000 at an annual interest rate not exceeding the statutory maximum, and qualify to receive State of California matching grant funds. The District plans to use the proceeds of this bond measure to repair, renovate, acquire, construct and upgrade schools and educational facilities. 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 M. The District may enter into agreements with other public or nonprofit organizations for joint use of the school facilities financed with the proceeds of the bonds. Issuance of all of the authorized bonds might require the outstanding debt of the District to exceed its statutory bonding limit of 2.50% of the total assessed valuation of taxable property in the District. Principal and interest on the bonds will be payable from the proceeds of tax levies upon the taxable property in the District, which is estimated at 5.858 cents per $100 ($58.58 per $100,000) of the assessed valuation. If this measure passes, the Board of Trustees of the District will be authorized to issue $207,000,000 in bonds set forth in the measure, qualify to receive State of California matching grant funds, and seek a waiver from the State Board of Education should the District exceed its 2.50% bonding limit. 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 $207,000,000 in bonds set forth in the measure. This measure will not have any effect on existing law.[2] |
” |
| —Regina A. Coleman, Principal Assistant San Bernardino 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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