Tahoe-Truckee Unified School District Bond Issue, Measure E (November 2014)

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A Tahoe-Truckee Unified School District Bond Issue, Measure E ballot question was on the November 4, 2014 election ballot for voters in the Tahoe-Truckee Unified School Improvement District No. 2 in El Dorado and Placer counties, California. It was approved.

Upon its approval, Measure E was designed to authorize the district to increase its debt by $62 million through issuing general obligation bonds in that amount. The bond money was designed to be spent to improve, renovate and update facilities in the school district's Facilities Improvement District No. 2 at the following schools:

• King Beach Elementary School
• North Tahoe High School
• North Tahoe School
• Tahoe Lake Elementary School
• Rideout School Site, including Coldstream Alternative School

District officials estimated that an additional annual property tax of $29.75 per $100,000 of assessed property value would be required to repay these bonds.

Voters in the first improvement district of the Tahoe-Truckee Unified School District also voted on a bond measure - Measure U - in the amount of $114 million. However, Measure U was defeated at the polls.

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

Election results

a Measure E
County:	Yes		No
	Votes	%	Votes	%
Placer County	1,934	60.66%	1,254	39.34%
El Dorado County	140	55.12%	114	44.88%
Totals:	2,074	59.80%	1,394	40.20%

Measure E
Result		Votes	Percentage
a Yes		2,074	59.80%
No		1,394	40.20%

Election results from Placer County Elections Office and El Dorado County Elections Office

Text of measure

Ballot question

The question on the ballot:

“

To improve Tahoe area schools with local funding that the State cannot take away, repair/replace roofs, plumbing and electrical systems, provide classrooms, science labs and technology meeting modern academic safety standards and providing a well-rounded education, construct, equip, repair, acquire school facilities/equipment to prepare students for college/high-demand jobs, shall School Facilities Improvement District No. 2 of the Tahoe-Truckee Unified School District issue $62,000,000 in bonds at legal rates with independent audits, citizens oversight, and no funds for administrators’ salaries?

”

Impartial analysis

The following impartial analysis was prepared for Measure E:

“	This measure, if approved by 55% of the voters voting, would authorize the sale of general obligation bonds by the Tahoe-Truckee Unified School District ("District") in the amount of up to $62,000,000 (sixty-two million dollars) in aggregate principal amount. The proceeds of the bonds would be used in the School Facilities Improvement District No. 2 (this District matches the enrollment boundaries for the North Tahoe High School) for the purposes described in the text of Measure E, which precedes this analysis. Principal and interest on the bonds would be paid by ad valorem taxes placed on property within the District. The District's estimate of the highest tax rate that would be required to fund this bond issue follows this analysis and it includes a best estimate of $29.75 per $100,000 of assessed valuation per fiscal year, beginning in 2015-16. This measure was placed on the ballot by the Board of Education of the District acting as the legislative body of the School Facilities Improvement District No. 2. A general obligation bond is a form of borrowing commonly used to fund school facilities. By law, local general obligation bonds, financed through an increase in local property taxes, can be used for renovating, reconstructing, and building new facilities and for acquiring certain new equipment. When districts seek the 55% approval of voters they must meet special accountability requirements. In order to meet these accountability requirements, the District Board of Education has committed to the following: to use the bond proceeds only for the purposes set forth in the ballot measure, and not for any other purpose, such as teacher and administrator salaries and other school operating expenses; to safety, class size reduction and information technology needs of the District as well as the importance of the projects to student achievement and enhanced instruction that have been evaluated prior to determining that bond issuance was necessary; to create a Citizen's Oversight Committee in compliance with Education Code Section 15278 no later than 60 days after the Board enters the election results in its minutes. to conduct annual independent performance audits to ensure that the bond proceeds are expended only for the projects in the ballot measure; to conduct annual, independent financial audits of the expenditure of the bond proceeds until all bond proceeds have been expended. The District has confirmed that the proposed bonds would bear interest at a rate not exceeding the statutory limit per annum and the maturity of the bonds will not exceed the statutory maximum. A "YES" vote on this Measure would authorize the School Facilities Improvement District No 2 of the Tahoe-Truckee Unified School District to borrow money through the sale of bonds in an amount not exceeding $62,000,000.00, such bonds to be repaid by revenue derived from an annual tax levied upon the taxable property within the District. A "NO" vote on this Measure is a vote against authorizing the sale of bonds by the District.	”
—Edward L. Knapp, El Dorado County Counsel

Related measures

• Tahoe-Truckee Unified School District Bond Issue, Measure U (November 2014) d

See also

• Local school bonds on the ballot
• Placer County, California ballot measures
• El Dorado County, California ballot measures
• November 4, 2014 ballot measures in California

External links

Suggest a link

• El Dorado County Elections Office website