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Palo Verde Community College District Bond Issue, Measure P (November 2014)
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A Palo Verde Community College District Bond Issue, Measure P ballot question was on the November 4, 2014 election ballot for voters in the Palo Verde Community College District in Riverside and San Bernardino counties in California. It was approved.
Measure P issued $12.5 million in bonds to benefit Palo Verde Community College. The funds were developed for the purpose of upgrading classrooms, improving facilities, reducing campus construction debt and repairing and acquiring facilities and equipment.[1]
A 55 percent supermajority vote was required for the approval of Measure P.
Election results
 Measure P
| ||||
|---|---|---|---|---|
| County: | Yes | No | ||
| Votes | % | Votes | % | |
| Riverside County | 1,516 | 62.90% | 894 | 37.10% |
| San Bernardino County | 531 | 51.86% | 493 | 48.14% |
| Totals: | 2,047 | 59.61% | 1,387 | 40.39% |
| Measure P | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 2,047 | 59.61% | ||
| No | 1,387 | 40.39% | ||
- Election results from San Bernardino County Elections Office and Riverside County Elections Office
Text of measure
Ballot question
The question on the ballot:[1]
| “ |
To upgrade classrooms, prepare students for four-year universities/high-skilled good paying jobs, improve facilities for career technical education, support veterans, nursing, agriculture programs, shall Palo Verde Community College District provide affordable local education, reduce campus construction debt to save money, repair, upgrade facilities/acquire equipment by issuing $12,500,000 in bonds at legal rates, requiring citizens’ oversight, annual audits, no funds taken by the State and all funds used locally? [2] |
” |
Impartial analysis
The following impartial analysis was prepared for Measure P:[1]
| “ |
The Board of Trustees (“Board”) of the Palo Verde Community College District (“District”) by adopting Resolution No. 14-10 D 21 (“Resolution”), elected to call an election pursuant to Section 18 of Article XVI and Section 1 of Article XIII A of the California Constitution and Section 15100 and 15624 et seq. of the California Education Code to obtain authorization to issue and sell general obligation Bonds (“Bonds”) in the aggregate amount principal amount of twelve million five hundred thousand dollars ($12,500,000). This Measure was placed on the ballot by the Board of the above-identified District. The Bonds would be used by the District to reduce campus construction debt, repair and upgrade campus facilities for career technical education, upgrade classrooms, facilities and acquire equipment, and support veterans, nursing and agricultural programs. The Bonds would not be used to fund the salaries, pensions or benefits of any board members, administrator, and/or teachers or for other school operating expenses. If Measure “P” is approved, the Board of the District will appoint a citizens’ oversight committee and conduct annual independent audits to assure that bond funds are spent only on the construction, reconstruction, rehabilitation, or replacement of school facilities, including the furnishing and equipping of school facilities, or the acquisition or lease of real property for school facilities, and for no other purposes. An ad valorem tax would be levied and collected on property within the boundaries of the District to pay the principal and interest on the Bonds. The Resolution provides that the maximum interest rate on the Bonds will not exceed the maximum interest rate permitted by the applicable laws of the State and the maximum term of the Bonds, or any series thereof, will not exceed 40 years. Approval of Measure “P” does not guarantee that the proposed project or projects in the Palo Verde Community College District that are the subject of the Bonds under Measure “P” will be funded beyond the local revenues generated by Measure “P”. The 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. For this Measure to be approved fifty-five percent (55%) of qualified voters who vote on the Measure must vote yes. A “YES” vote on Measure “P” is a vote to allow the District to sell the Bonds and levy the necessary taxes to pay for the Bonds. A “NO” vote on Measure “P” is a vote against allowing the District to sell the Bonds and levy the necessary taxes to pay for the Bonds.[2] |
” |
| —Ronak N. Patel, Deputy County Counsel[1] | ||
See also
- Local school bonds on the ballot
- Riverside County, California ballot measures
- San Bernardino County, California ballot measures
- November 4, 2014 ballot measures in California
External links
Footnotes
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