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Proposition V School Bonds Lakeside Union Elementary School District 55% Approval Required Pass: 10695 / 64.58% Yes votes ...... 5866 / 35.42% No votes
See Also:
Index of all Propositions |
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Results as of Jan 24 10:40am |
Information shown below: Yes/No Meaning | Impartial Analysis | Arguments | Tax Rate Statement | | |||||
Shall Lakeside Union Elementary School District improve and equip local elementary and middle schools to help students meet and exceed high academic standards, through projects including: Improving classrooms/labs for teaching science, math, art and English; Upgrading schools for today's computer learning technology; Repairing outdated wiring, plumbing, heating, air conditioning; Improving safety; by issuing $79.55 million in bonds, at legal interest rates, with annual financial audits, citizens' oversight, all funds remaining local, and no funds for administrator salaries?
Proceeds from the sale of bonds authorized by this proposition may be used by the District only for the construction, reconstruction and/or rehabilitation of its school facilities, including the furnishing and equipping of its school facilities, acquisition, or lease of real property for its school facilities and construction management by District personnel. The interest rate on any bond, which is established at the time of bond issuance, cannot exceed 12% per annum. The final maturity date of any bond could be no later than 25 years after the date of bonds issued pursuant to the Education Code or not later than 40 years after the date of bonds issued pursuant to the Government Code. Principal and interest on the bonds would be paid by revenue derived from an annual tax levied on taxable property within the District in an amount sufficient to pay the interest as it becomes due and to provide a fund for payment of the principal on or before maturity. California Constitution Article XIII A exempts from the one percent property tax rate limitation ad valorem taxes to pay the interest and redemption charges on any bonded indebtedness for the acquisition or improvement of real property, including the furnishing and equipping of school facilities, when approved by 55% of the voters if: (a) the proceeds from the sale of the bonds are used only for the purposes specified, (b) the District, by evaluating safety, class size reduction, and information technology, has approved a list of specific projects to be funded, (c) the District will conduct an annual, independent performance audit, and (d) the District will conduct an annual, independent financial audit. If a bond measure is approved by 55% of the voters, state law requires the governing board of the District to establish an independent citizens' oversight committee. The District has made this ballot proposition subject to these requirements.
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Local News and Analysis ABC 10 News San Diego
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Arguments For Proposition V | Arguments Against Proposition V | ||||||||
Please vote YES on Proposition V to keep Lakeside Union schools great.
We are proud of the way that our parents, teachers, community and the Lakeside Union School District work together to provide our kids a quality education. But the state's ongoing budget cuts for education have deeply hurt funding for our local elementary and middle schools. As state funding for schools dries up, our kids' education is being threatened. To continue giving Lakeside students the quality education they deserve, we need to pass Proposition V. Proposition V is a school bond that will ensure better classrooms and higher test scores for our children. Every penny will be used in Lakeside for its schools. No Proposition V funds can be taken away by the state. Proposition V will make necessary repairs and upgrades to our neighborhood schools to ensure quality education and safer schools. Projects include:
In addition, Proposition V will improve safety by:
The bond contains tough taxpayer safeguards - developed with the guidelines of the San Diego County Taxpayers Association - to ensure your tax dollars are spent as promised for Lakeside schools. By law, every penny will be spent on improving schools and learning and will not be spent on administrator salaries. There will be an independent citizens' oversight committee and strict audits of Proposition V. Please join us in voting YES on Proposition V.
Fire Chief, Lakeside Fire Protection District
in the office of the Registrar of Voters. | Madness reigns in San Diego County. In our deepening recession, we have an amazing SEVEN school bonds on this November's ballots. Plus a countywide parcel tax. Plus three city sales tax measures.
Then comes the state seeking more of our earnings. Multibillion dollar bonds, plus a push to raise the statewide sales and income tax. Think you are undertaxed? Neither do we. But politicians refuse to control spending, and then tell us that higher taxes are good for what ails us. There are only two times politcians want to raise taxes + good times, and not so good times. This is one of those times. "Tax Freedom Day" is calculated by assuming you pay all your taxes first, and then start working for yourself. According to the Tax Foundation, in 1994 Californians had the 28th worst Tax Freedom Day. Now we are ranked the 4th worst state. It's gotten so bad that we tax fighters don't have the time or resources to write detailed ballot arguments against each school bond. Nor, in this recession, should we need to. School districts used to pitch their bonds to voters for the expanding student populations. But for years, most districts have had stable, or more often DECLINING enrollments. Yet districts have continued to spend like crazy, ignoring declining needs, and then claim they don't have enough money. According to the NEA, California public school teachers are the highest paid in the nation. With declining enrollments, the district, county and state education bureaucracies are overpaid, and underemployed. Meanwhile private sector workers are suffering. Each year California's domestic net out-migration is about a quarter million people. These are primarily highly productive workers and retirees who are fleeing California. Higher taxes will only accelerate this process. This year, vote NO on ALL bonds and tax increases.
Chairman, Republican Party of San Diego County
Proposition V contains tough taxpayer safeguards - developed with the guidelines of the San Diego County Taxpayers Association - to ensure your tax dollars are spent as promised for Lakeside schools. By law, every penny will be spent on improving schools and learning. Funds will not be spent on salaries or benefits for District personnel. There will be an independent citizens' oversight committee and strict audits of Proposition V. The schools in Lakeside are aged and deteriorating. Lakeside Middle School was last remodeled in 1935 and expanded in 1959. Proposition V would allow repairs to 12 existing school sites. It will repair school wiring, plumbing, heating and air conditioning systems for cost savings and improved efficiency. The Lakeside Union School District has not passed a bond in over 50 years. They have been operating and providing a good education for this community with a lean budget; but due to state budget cuts to education, they need your help. Proposition V will:
This is not about the other propositions, this is about Lakeside and what our children need.
Lakeside Council PTA President |
Tax Rate Statement |
TAX RATE STATEMENT(SECTIONS 9400-9404 OF THE ELECTIONS CODE)To: The voters voting in the November 4, 2008 election on the question of the issuance of $79,550,000 General Obligation Bonds of the Lakeside Union School District.
You are hereby notified in accordance with the Elections Code of the State of California of the following: 1. The best estimate from official sources of the tax rate which would be required to be levied to fund principal and interest payments during the first fiscal year after the first sale of bonds (Fiscal Year 2009-2010), based on assessed valuations available at the time of the election and taking into account estimated future growth, is the following:
Submittal of the foregoing statement has been approved by the Lakeside Union School District.
Stephen B. Halfaker, Ed.D.
ACCOUNTABILITY MEASURESAs required by Section 53410 of the Government Code, the following accountability measures are hereby made a part of the District's Bond Proposition V (the "Proposition"):
(a) The specific purpose of the bonds is set forth in the Full Text of the Proposition; |