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Pacifica School District, California, Measure O, Bond Issue (June 2018)
| Measure O: Pacifica School District Bond Issue |
|---|
|
| The basics |
| Election date: |
| June 5, 2018 |
| Status: |
 ApprovedMajority required: 55% |
| Topic: |
| Local school bonds Tax: $30 per $100,000 of assessed value Matures in: Legal limit |
| Related articles |
| Local school bonds on the ballot June 5, 2018 ballot measures in California San Mateo County, California ballot measures District bonds on the ballot |
| See also |
| Pacifica School District, California |
A bond issue to fund repairs, upgrades, construction, and employee housing was on the ballot for Pacifica School District voters in San Mateo County, California, on June 5, 2018. It was approved.
| A yes vote was a vote in favor of authorizing the Pacifica School District to issue up to $55,000,000 in bonds at a tax rate of $30 per $100,000 of assessed property value to fund repairs, upgrades, construction, and employee housing for district schools. |
| A no vote was a vote against authorizing the Pacifica School District to issue up to $55,000,000 in bonds. |
A 55 percent supermajority vote was required for the approval of this measure.
Election results
|
Pacifica School District Measure O |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
6,925 | 62.60% | ||
| No | 4,138 | 37.40% | ||
Text of measure
Ballot question
The ballot question was as follows:[1]
| “ |
To repair and improve local elementary schools including, student safety/campus security, fixing aging/leaking roofs; upgrading classrooms, labs/computer systems to support 7 programs in science/math, technology, English, arts; and & acquiring and constructing school facilities, shall Pacifica School 7 District issue $55,000,000 in bonds at legal rates, raising an 7 estimated $3,450,000 annually for approximately 33 years at 8 projected rates of three cents per $100 of assessed valuation, with citizens' oversight and all funds staying local?[2] |
” |
Impartial analysis
The following impartial analysis of the measure was prepared by the office of the San Mateo County Counsel:
| “ |
The California Constitution and Education Code authorize a school district to issue bonds for specified purposes if issuance of the bonds is approved at an election by 55% of those voting on it. The Board of Trustees of the Pacifica School District (“District”) proposes this measure, which would authorize the District to issue bonds in a principal amount not to exceed $55 million. The bonds will have an interest rate not exceeding the legal maximum and will be repaid within the time permitted by law. The Tax Rate Statement printed in this pamphlet contains the District’s best estimates of tax rates required to service the bond debt during the life of the bonds. The District’s best estimate of the average annual tax rate levy to fund this bond is $30 per $100,000 of assessed valuation. This means that a property assessed at $800,000 would likely have an annual tax obligation of $240 under this measure. The District estimates that the total amount repayable during the life of the bond, including principal and interest, will be approximately $113,850,000. The California Constitution requires the listing of specific projects to be funded from the bond revenue and certification that the Board of Trustees has evaluated safety, class size reduction, and information technology needs in the development of that list. The Bond Project List can be found in the full text of the measure, and includes, among other projects:
The measure authorizes equipment acquisition, upgrades, repairs, services, construction, and other items related to the listed projects. No proceeds from the bonds shall be used for teacher or administrator salaries or operating expenses. State law requires that the District take certain steps to account for the proceeds from the bonds. Accordingly, the District will direct the funds to be deposited into a special account, appoint an independent citizens’ oversight committee, conduct annual independent performance and financial audits to ensure that funds are spent only for the purposes listed in the Bond Project List and for no other purposes, and prepare annual reports listing the amount of funds collected and expended and the status of any funded project. A “yes” vote on this measure would authorize the District to issue bonds in a principal amount not to exceed $55 million for the purposes listed in the project list. A “no” vote would prevent the District from issuing the bonds. This measure passes if 55% of those voting on the measure vote “yes.”[2] |
” |
| —San Mateo County Counsel[3] | ||
Full text
The full text of the measure is available here.
Support
Yes for Pacifica Schools led the support campaign for Measure O.[4]
Arguments
The following argument in support of Measure O was posted on the Yes for Pacifica Schools website:[4]
| “ |
Vote YES on Measure O to repair and upgrade our Pacifica schools to maintain the high quality of education that local students deserve. Measure O will:
Even if you don’t have school-age children, supporting local schools is a wise investment that makes our neighborhoods desirable and protects the value of our homes. Measure O will provide a dedicated local source of funding to repair and upgrade our Pacifica schools and support a safe and modern learning environment for our students.[2] |
” |
Opposition
Arguments
The following argument was submitted to Ballotpedia.org in opposition to Measure O:[5]
| “ |
The District has yet another tax increase on struggling Pacifica families. With interest, this is a $110 million tax increase. Residents - both renters and homeowners - will pay most of this because we have few businesses to share the cost. Isn't housing here already too costly? Pacificans already generously fund schools. We're presently paying on a PSD facilities bond - for another 10 years plus the parcel tax voted in 2016 plus regular property taxes and state apportionments (up 66% since 2012). Why doesn't PSD use those revenues for maintenance? If Measure O passes, we'd be paying on 6 or 7 tax overrides at once! (see your tax bill) Property taxes grow 2% compounded annually. Schools get almost half of that.
PSD fails to set aside money for maintenance. Now they want taxpayers to pay extra. Borrowing is expensive. It's bad budgeting to depend on capital outlay bonds for ongoing expenses like painting and patching. PSD must learn to prioritize. Don't vote to displace families due to higher taxes. Please vote no on Measure O.[2] |
” |
If you know of other endorsements or arguments that should be listed here, please email editor@ballotpedia.org.
Path to the ballot
This measure was put on the ballot through a vote of the governing officials of Pacifica School District, California.
See also
External links
Support |
OppositionIf you know of a link that should be listed here, please email editor@ballotpedia.org. |
Footnotes
- ↑ County of San Mateo Assessor-County Clerk-Recorder & Elections, "Resolution," accessed April 16, 2018
- ↑ 2.0 2.1 2.2 2.3 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ County of San Mateo Assessor-County Clerk-Recorder & Elections, "Impartial Analysis," accessed April 16, 2018
- ↑ 4.0 4.1 Yes for Pacifica Schools, "Home," accessed April 25, 2018
- ↑ Ballotpedia Staff Writer, "Email submission from reader," May 28, 2018
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