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San Luis Coastal Unified School District Bond Issue, Measure D (November 2014)
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A San Luis Coastal Unified School District Bond Issue, Measure D ballot question was on the November 4, 2014 election ballot for voters in the San Luis Coastal Unified School District in San Luis Obispo County, California. It was approved.
Measure D authorized the district to increase its debt by $177 million through issuing general obligation bonds in that amount. District officials estimated that an additional annual property tax levy of $49 per $100,000 of assessed property value would be required to repay these bonds.[1]
A 55 percent supermajority vote was required for the approval of Measure D.
Election results
| San Luis Coastal Unified School District, Measure D | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 18,400 | 71.77% | ||
| No | 7,236 | 28.23% | ||
Election results via: San Luis Obispo County Registrar of Voters
Text of measure
Ballot question
The question on the ballot:[1]
| “ |
To improve the quality of education; construct/renovate classrooms, facilities, labs, and infrastructure; update career education programs for job readiness; replace leaky roofs; improve student access to computers and technology; upgrade/replace outdated electrical, plumbing, and sewer systems; make health, safety, and energy efficiency improvements; shall San Luis Coastal Unified School District issue $177 million of bonds at legal interest rates, have an independent citizens’ oversight committee, and use NO money for administrative salaries or be taken by the state?[2] |
” |
Impartial analysis
The following impartial analysis was prepared for Measure D:[1]
| “ |
This measure will determine whether the San Luis Coastal Unified School District (“the District”) shall issue $177 million in bonds for the purpose of improving school and education facilities within the District. The measure, placed on the ballot by the District’s Board of Education, will become effective only if fifty-five percent (55%) of the voters vote “Yes” on the measure. On November 7, 2000, the voters of California passed “Proposition 39," amending Article XIIIA, section 1(b)(3) of the California Constitution. That amendment authorizes 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” (Ed. Code, § 15264, et seq.; hereafter referred to as “the School Bond Act”). If approved, this measure will authorize the District to issue up to $177 million in general obligation bonds, which will bear interest at a rate not to exceed the annual limit permitted by law. Bond proceeds will be used to fund projects included in the Bond Project List (included in the full-text of the measure). The District’s Board of Education has certified that it has evaluated safety, class size reduction, enrollment growth and information technology needs of the District in developing the Bond Project List, in accordance with the School Bond Act. As required by law, the proceeds from the sale of the bonds will be used only for 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 not for any other purpose, including teacher and employee salaries and other school operating expenses. Approval of the bond measure does not guarantee that any particular project 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 District. These taxes would be in addition to the property taxes currently levied on taxpayers within the District. 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, number of bonds sold at each sale, and increases in assessed valuations. Performance and financial audits must be performed annually to ensure that bond proceeds are spent only as specified in the measure, and an independent citizens’ oversight committee will monitor expenditures and provide additional 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 District’s Board of Education stating the amount of bond proceeds received and expended in that year and the status of any project funded or to be funded from bond proceeds.[2] |
” |
| —Rita L. Neal, San Luis Obispo County Counsel[1] | ||
See also
- School bond elections in California
- Local school bonds on the ballot
- San Luis Obispo County, California ballot measures
- November 4, 2014 ballot measures in California
External links
Footnotes
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