Palos Verdes Peninsula Unified School District, California, Measure PV, Bond Issue (March 2020)

Palos Verdes Peninsula Unified School District Measure PV
Election date March 3, 2020
Topic Local school bonds
Status d Defeated
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 Palos Verdes Peninsula Unified School District voters in Los Angeles County, California, on March 3, 2020. It was defeated.

A "yes" vote supported authorizing the district to issue up to $389.385 million in bonds at an estimated property tax rate of $38 per $100,000 in assessed value.

A "no" vote opposed authorizing the district to issue up to $389.385 million in bonds at an estimated property tax rate of $38 per $100,000 in assessed value.

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

Election results

Palos Verdes Peninsula Unified School District Measure PV
Result		Votes	Percentage
Yes		8,913	38.17%
No		14,439	61.83%

Results are officially certified.

Source

Text of measure

Ballot question

The ballot question was as follows:

“

To repair aging Palos Verdes Peninsula Unified School District sites; improve campus safety/security systems; make seismic, roofing, plumbing, electrical, air conditioning, and disabled student access improvements; update/replace bathrooms, classrooms, and science labs that support students for college/career readiness, shall the Palos Verdes Peninsula Unified School District measure authorizing $389,385,000 in bonds, at legal rates, be adopted, levying approximately 3.8 cents per $100 assessed value ($21,042,000 annually) while bonds are outstanding, with a citizens’ oversight committee and independent audits on all bond money?

”

Impartial analysis

The following impartial analysis of the measure was prepared by the office of the Los Angeles County Counsel:

“ Approval of Measure PV ("Measure") would authorize the Board of Education ("Board") of the Palos Verdes Peninsula Unified School District ("District"), which placed the Measure on the ballot by Resolution No. 3-2019/20, to issue general obligation bonds in an amount not to exceed $389,385,000. Proceeds from the sale of bonds authorized by the Measure shall be used only for construction, reconstruction, rehabilitation, or replacement of school facilities, including, but not limited to, renovating, replacing, upgrading, acquiring and installing roofing, insulation, restrooms, classrooms, buildings, science/STEM labs, common areas, grounds, kitchen facilities, site/building/utility systems, fencing, gates, pools, exterior lighting, fire detection and suppression, security alarms, surveillance, emergency and audio-visual communication systems, networks, technology equipment, window coverings, performing arts centers, outdoor learning centers, and gymnasiums; removing portable buildings and replacing with permanent or modular buildings; improving structural compliance with local, state and federal building/health/safety/access related requirements; and improving ingress and egress, sidewalks and signage, and painting exterior and interior buildings. Bond proceeds may not be expended on teacher or administrator salaries or other operating expenses. The Board shall establish an independent Citizens' Oversight Committee and cause independent performance and financial audits to be conducted annually to ensure bond proceeds are expended as specified in the Measure. The Board shall deposit bond proceeds in a special account and the Chief Financial Officer shall report annually on the bond proceeds and expenditures. Approval of the Measure does not guarantee proposed projects will be funded beyond the local revenues generated by the Measure. The District's project proposals may assume receipt of matching State funds subject to appropriation by the Legislature or approval of a statewide bond measure. Bonds shall be issued pursuant to the California Constitution, Education Code and other laws. The bonds may be sold in series over time. The interest rate and maturity date on any bond shall not exceed the maximum allowed by law. According to the District's Tax Rate Statement, the best estimate of the average annual tax rate required to fund the bonds, based on assessed valuations available when the District filed the statement, is $38.43 per $100,000 of assessed valuation. The best estimate of the highest tax rate required to fund the bonds is $39.55 per $100,000 of assessed valuation in fiscal year 2020-21. The estimated total debt service required to be repaid if all bonds are issued and sold is $778,567,000, including principal and interest. Estimated tax rates are based on the assessed value of taxable property on the County's official tax rolls, not on a property's market value. This Measure requires a fifty-five percent (55%) vote for passage. ”

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 Palos Verdes Peninsula Unified School District Board.

See also

Local measures

• Local measures in 2020
• Local school bonds on the ballot

• Los Angeles County measures

California

• March 3, 2020 measures in California
• Local ballot measures, California
• Palos Verdes Peninsula Unified 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
• Los Angeles County Elections Office website