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Redding School District, California, Measure B, Bond Issue (June 2018)
| Measure B: Redding School District Bond Issue |
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| The basics |
| Election date: |
| June 5, 2018 |
| Status: |
 ApprovedMajority required: 55% |
| Topic: |
| Local school bonds Tax: $0.03 per $100 in assessed value Matures in: Legal limit |
| Related articles |
| Local school bonds on the ballot June 5, 2018 ballot measures in California Shasta County, California ballot measures |
| See also |
A bond issue was on the ballot for Redding School District voters in Shasta County, California, on June 5, 2018. It was approved.
| A yes vote was a vote in favor of authorizing the Redding School District to issue $28 million in bonds at a rate of $0.03 per $100 in assessed value. |
| A no vote was a vote against authorizing the Redding School District to issue $28 million in bonds at a rate of $0.03 per $100 in assessed value. |
A 55 percent supermajority vote was required for the approval of this measure.
Election results
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Redding Elementary School District Measure B |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
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5,523 | 63.15% | ||
| No | 3,223 | 36.85% | ||
Text of measure
Ballot question
The ballot question was as follows:[1]
| “ |
To improve the quality of education; repair/replace leaky roofs; modernize and construct classrooms, restrooms and school facilities; and make health, safety and security improvements; shall Redding School District issue $28,000,000 of bonds at legal rates, raising an estimated $420,000 - $2,700,000 annually through approximately 2052 at a projected rate of $0.03 per $100 assessed value, with annual audits, an independent citizens’ oversight committee, NO money for salaries, and funding that cannot be taken by the State? [2] |
” |
Impartial analysis
The following impartial analysis of the measure was prepared by the office of the Shasta County Counsel:
| “ |
This analysis of the general obligation bond measure for the Redding School District (“District”), Measure B, is provided in accordance with Elections Code sections 9500, et seq. The electors entitled to vote on the measure are those residing within the District’s boundaries. Section 1 of Article XIIIA and section 18 of Article XVI of the California Constitution and Education Code section 15264, et seq. authorize school districts to adopt a proposal, subject to the approval of the District’s voters, to issue general obligation bonds for specific school district purposes. The District adopted such a proposal and is submitting it to the District electors for their consideration. If 55% of the qualified electors voting on Measure B vote for approval, the District would be authorized to issue bonds in the principal amount not to exceed $28,000,000 and to levy ad valorem taxes on taxable property within the District to pay for the bonded indebtedness plus interest. The bonds may be issued and sold 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 the statutory limit. The projects to be financed by the bonds may include: 1) repairing, renovating, upgrading, or replacing infrastructure as described in the full text of the measure (the “Full Text”); 2) making technological, safety, and security improvements; 3) acquiring instructional, maintenance and operational equipment, including the reduction or retirement of outstanding lease obligations and interim funding incurred to advance fund projects from the list enumerated in the Full Text; 4) repair, replace, or upgrade paved surfaces, heating and ventilation systems, and plumbing and sewer systems; 5) costs and work necessary or incidental to the projects; and 6) other projects listed in the Full Text. The proceeds will not be used for any purpose not identified in the measure, including teacher or administrator salaries or be taken by the state. The District's Board of Trustees shall establish a citizen's oversight committee to ensure that the proceeds of the bonds are spent only on the specific projects and the specific school sites identified in Measure B. According to the tax rate statement submitted by the District, the best estimate of the maximum ad valorem tax which would be levied on taxable real property to repay the bonds over their term is $30.00 per year for property having an assessed value of $100,000. These calculations are estimates only and are not binding upon the District. If Measure B is not approved by 55% of the qualified electors voting on the measure, the District will not be authorized to issue bonds for the aforementioned purposes. A “yes” vote is to authorize the issuance of the bonds. A “no” vote is against authorizing the issuance of the bonds. [2] |
” |
| —Shasta 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 Redding School District, California.
See also
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External links
Footnotes
- ↑ 1.0 1.1 Shasta County Elections Office, "Primary Election June 5, 2018," accessed April 27, 2018
- ↑ 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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