Paso Robles Joint Unified School District, California, Bond Issue, Measure M (November 2016)
| Measure M: Paso Robles Joint Unified School District Bond Issue |
|---|
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| The basics |
| Election date: |
| November 8, 2016 |
| Status: |
 ApprovedMajority required: 55% |
| Topic: |
| Local school bonds Tax: $47.75 per $100,000 in value Matures in: Legal limit |
| Related articles |
| Local school bonds on the ballot November 8, 2016 ballot measures in California San Luis Obispo County, California ballot measures |
| See also |
| Paso Robles Joint Unified School District, California |
A bond issue measure was on the ballot for Paso Robles Joint Unified School District voters in San Luis Obispo County, California, on November 8, 2016. It was approved.
| A yes vote was a vote in favor of authorizing the school district to issue $95,000,000 in bonds, with an estimated total debt service cost—principal and interest—of $163,477,337. |
| A no vote was a vote against authorizing the school district to issue $95,000,000 in bonds, with an estimated total debt service cost—principal and interest—of $163,477,337. |
A 55 percent supermajority vote was required for the approval of Measure M.
Election results
| Measure M | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 10,343 | 57.57% | ||
| No | 7,623 | 42.43% | ||
- Election results from San Luis Obispo County Elections Office
Text of measure
Ballot question
The following question appeared on the ballot:[1]
| “ |
To repair, acquire, upgrade, equip and construct school classrooms and facilities including science, technology, engineering, arts, and math classrooms; expand career technical education; replace aging portables, fix leaky roofs, repair deteriorating plumbing/ electrical wiring; and improve building earthquake safety, shall the School Facilities Improvement District No.1 of Paso Robles Joint Unified School District be authorized to issue $95,000,000 of bonds with legal interest rates, independent citizens' oversight, annual audits, all funds spent on local schools and not for administrator salaries or taken by the State? |
” |
Impartial analysis
The following impartial analysis of the measure was prepared by the office of the San Luis Obispo County Counsel:
| “ |
This measure will determine whether the Paso Robles Joint Unified School District (“the District”) may issue $95 million in bonds to improve school facilities within School Facilities Improvement District No. 1 (“the SFID”), an improvement district previously established by the Board of Trustees of the District (“the Board”) under California Education Code section 15300 et seq. The measure is placed on the ballot by the Board and will become effective if 55% of the voters of the SFID vote “yes” on the measure. On November 7, 2000, California voters passed “Proposition 39,” amending Article XIIIA, section 1(b)(3) and Article XVI, section 18 of the California Constitution. The amendments authorize the District to incur bonded indebtedness for the purpose of financing the construction, reconstruction, rehabilitation, or replacement of school facilities, in accordance with certain accountability requirements. To implement the requirements of Proposition 39, the Legislature enacted the “Strict Accountability in Local School Construction Bond Act of 2000” (Educ. Code, § 15264, et seq.; “the Act”). This measure is proposed in accordance with the Act. If approved, the measure will authorize the District to issue up to $95 million in general obligation bonds, to bear interest at a rate not to exceed the maximum permitted by law. The types of improvement projects to be funded by bond proceeds are included in the Bond Project List (included in the full-text of the measure). In accordance with the Act, the Board has certified that it has evaluated safety, class size reduction, enrollment growth and information technology needs in developing the Bond Project List. Revenue from bond sales will be used only to repair, acquire, upgrade, equip and construct classrooms and school facilities within the SFID, and not for any other purpose, including teacher and employee salaries and other school operating expenses. Approval of the bond measure does not guarantee that particular projects will be funded. Principal and interest on the bonds will be payable from the proceeds of ad valorem taxes levied annually on taxable real property within the SFID. These taxes would be in addition to the property taxes currently levied on taxpayers within the SFID. The amount of the increased taxes each year would depend upon the amount needed to pay the principal and interest on the bonds. The District’s Tax Rate Statement, which accompanies this analysis, reflects an estimate of the maximum property tax levies required to service the bonds. The actual tax rates may vary depending on the timing of sales, amount of bonds sold, fluctuations in market interest rates, and changes in assessed valuations. Performance and financial audits must be completed annually to ensure that bond proceeds are spent only as specified in the measure. An independent citizens’ oversight committee will monitor expenditures and provide oversight. Bond proceeds will be deposited in a separate account. As long as any bond proceeds remain unexpended, annual reports will be filed with the Board stating the amount of funds collected and expended, and the status of projects authorized by the measure.[2] |
” |
| —San Luis Obispo County Counsel[1] | ||
Full text
The full text of the measure is available here.
Path to the ballot
This measure was put on the ballot through a vote of the governing officials of Paso Robles Joint Unified School District, California.
Recent news
The link below is to the most recent stories in a Google news search for the terms Paso Robles Joint Unified School District Local school bonds Measure M. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.
See also
External links
Footnotes
- ↑ 1.0 1.1 San Luis Obispo County Clerk-Recorder , "M-16 Public Notice," accessed October 19, 2016
- ↑ 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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