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Poway Unified School District, California, Measure P, Bond Issue (March 2020)

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Poway Unified School District Measure P
LocalBallotMeasures Final.png
Election date
March 3, 2020
Topic
Local school bonds
Status
Defeatedd Defeated
Type
Referral
Origin
Lawmakers


A bond issue was on the ballot for Poway Unified School District voters in San Diego County, California, on March 3, 2020.[1] It was defeated.

A "yes" vote supported authorizing the district to issue $448 million in bonds and requiring an average tax rate of $30 per $100,000 of assessed property value for bond repayment.
A "no" vote opposed authorizing the district to issue $448 million in bonds and requiring an average tax rate of $30 per $100,000 of assessed property value for bond repayment.


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

Election results

Poway Unified School District Measure P

Result Votes Percentage
Yes 32,836 50.35%

Defeated No

32,375 49.65%
Results are officially certified.
Source


Text of measure

Ballot question

The ballot question was as follows:[1]

To improve classrooms, science labs, and career-training facilities that support college preparation/career readiness in math, science, engineering, technology, arts, and skilled trades/vocations, improve student safety/security, remove asbestos/lead paint where needed, and repair aging roofs, plumbing, and electrical, shall the Poway Unified School District measure authorizing $448,000, 000 in bonds at legal rates be adopted, levying approximately 3 cents/$100 assessed value ($23, 100,000 annually) while bonds are outstanding, with citizen oversight/all funds under local control?[2]

Impartial analysis

The following impartial analysis of the measure was prepared by the office of the San Diego County Counsel:[1]

This measure was placed on the ballot by the governing board of the Poway Unified School District ("District"). This measure, if approved by 55% of the qualified electors voting on the measure, will authorize the District to issue and sell general obligation bonds in an amount not to exceed $448,000,000. If approved, the bonds may be issued in several series and may mature in 40 years or such shorter period as determined by the District Board. The interest rate on the bonds would not exceed statutory limits.

Approval of this measure will authorize a levy on the assessed value of taxable property within the District in an amount needed to pay the principal and interest on the bonds each year the bonds are outstanding. The Tax Rate Statement submitted by the District estimates the highest tax rate which would be required to be levied to fund this bond issue is $33.90 for every $100,000 of assessed valuation and the total debt service, including principal and interest, required to be repaid if all the bonds are issued and sold is approximately $650,000,000. These amounts are estimates. Actual amounts may vary depending on the timing of sales, amount of bonds sold at each sale, and assessed valuation.

Proceeds from the sale of bonds authorized by this measure can only be used for purposes described in the full text of this measure, as permitted by State law. Approval of this measure does not guarantee that the proposed projects identified by the District will be funded by the sale of the bonds. The District's proposal for certain projects may assume receipt of matching State funds subject to appropriation by the Legislature or approval of a statewide bond measure.

The California Constitution permits property taxes, above the standard 1% limitation, to be levied upon real property to pay the interest and redemption charges on any bonded indebtedness for, among other things, the construction, reconstruction, rehabilitation, or replacement of school facilities, including the furnishing and equipping of school facilities, when approved by 55% of the voters if: (1) the proceeds from the sale of the bonds are used only for the purposes specified, (2) the District evaluates safety, class size reduction, and information technology needs to approve a list of specific projects to be funded, (3) the District conducts an annual, independent performance audit to ensure funds have been expended on the specific projects listed, and (4) the District conducts an annual, independent financial audit of bond proceeds.

Additionally, if the bond measure is approved, State law requires the District to establish an independent citizens' oversight committee. The District has made the issuance of the bonds in this measure subject to these legal requirements.

A 'YES' vote is in favor of authorizing the District to issue and sell $448,000,000 in general obligation bonds.

A 'NO' vote is against authorizing the District to issue and sell $448,000,000 in general obligation bonds.[2]

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 Poway Unified School District Board.[1]

See also

External links

Footnotes

  1. 1.0 1.1 1.2 1.3 San Diego County Elections, "Measure P," accessed January 29, 2020
  2. 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.