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LWV League of Women Voters of California Education Fund
Smart Voter
San Diego County, CA November 4, 2008 Election
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

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for teaching science, math, art and English; Upgrading schools for today's computer learning technology; Repairing outdated wiring, plumbing, heating, air conditioning; Improving safety; by issuing $79.55 million in bonds, at legal interest rates, with annual financial audits,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?

Meaning of Voting Yes/No
A YES vote on this measure means:
A "yes" vote is a vote in favor of authorizing the Lakeside Union School District to issue and sell $79,550,000 in general obligation bonds.

A NO vote on this measure means:
A "no" vote is a vote against authorizing the Lakeside Union School District to issue and sell $79,550,000 in general obligation bonds.

Impartial Analysis from County Council
This proposition, if approved by 55% of the voters voting on the proposition, would authorize the Lakeside Union School District ("District") to issue and sell up to $79,550,000 in general obligation bonds. The sale of these bonds by the District will raise money for the District, and represents a debt of the District. In exchange for the money received from the bondholders, the District promises to pay the bondholders an amount of interest for a certain period of time, and to repay the loan on the maturity date.

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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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:

  • Improving and equipping science labs
  • Repairing school wiring, plumbing, heating and air conditioning systems for cost savings and improved efficiency
  • Upgrading elementary and middle school classrooms with today's learning technology for quality teaching of math, science, reading and writing


In addition, Proposition V will improve safety by:
  • Partnering with the Lakeside Fire Protection District to support emergency communications
  • Installing security cameras, fire alarms and emergency communication systems

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.

BRONWEN ANDERS
Community Pediatrician

STEVEN E. MENEFEE
President
Lakeside Chamber of Commerce

HAROLD HILLIKER
Business Owner

BETTY McMILLEN
Vice-President
Historical Society

MARK T. BAKER
Fire Chief, Lakeside Fire Protection District

Rebuttal to Arguments For

No rebuttal to the argument in favor of the proposition was filed

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.

MICHAEL BENOIT
Chair, Libertarian Party of San Diego County
RICHARD RIDER
Chairman, San Diego Tax Fighters
TONY KRVARIC
Chairman, Republican Party of San Diego County

Rebuttal to Arguments Against
Proposition V is about one thing - making sure that Lakeside children have a BETTER education in SAFER schools. The children of the Lakeside community deserve a quality education that meets today's safety and technological standards.

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:

  • Improve and equip science labs
  • Upgrade elementary and middle school classrooms with today's learning technology for quality teaching of math, science, reading and writing
  • Install security cameras, fire alarms and emergency communication systems

This is not about the other propositions, this is about Lakeside and what our children need.

HAROLD HILLIKER
Rancher

HOLLY FERRANTE
Long-time Lakeside Resident

ABIGAIL J. ANDERS
Lakeside Chamber's Citizen of the Year

BRIAN K. STEARNS, SR.
Owner, Cups & Cones

LORIE MANISS
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:
$.03000 per $100 of assessed valuation, which equates to $30.00 per $100,000 of assessed valuation.
2. 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 last sale of bonds and an estimate of the year in which that rate will apply, based on assessed valuations available at the time of the election and taking into account estimated future growth, is as follows:
$.03000 per $100 of assessed valuation, which equates to $30.00 per $100,000 of assessed valuation.
First fiscal year after last sale of bonds: 2022-2023
3. The best estimate from official sources of the highest tax rate which would be required to be levied to fund principal and interest payments on the bonds and an estimate of the year in which that rate will apply, based on assessed valuations available at the time of the election and taking into account estimated future growth, is as follows:
$.03000 per $100 of assessed valuation, which equates to $30.00 per $100,000 of assessed valuation.
Year of highest tax rate: Tax is projected to be the same every year.

Submittal of the foregoing statement has been approved by the Lakeside Union School District.

Stephen B. Halfaker, Ed.D.
Superintendent

ACCOUNTABILITY MEASURES

As 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;
(b) The proceeds from the sale of the District's bonds will be used only for the purposes specified in the Proposition, and not for any other purpose;
(c) The proceeds of the Bonds will be deposited into a Building Fund to be held by the San Diego County Treasurer, as required by the California Education Code; and
(d) The Superintendent of the District shall cause an annual report to be filed with the Board of Trustees of the District not later than January 1 of each year, which report shall contain pertinent information regarding the amount of funds collected and expended, as well as the status of the projects listed in the Proposition, as required by Sections 53410 and 53411 of the Government Code. The Independent Citizens' Oversight Committee shall be the principal author of the report, with staff assistance as may be requested, of its required annual report to the public. The District shall provide technical, production and distribution support.


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Created: January 24, 2009 10:40 PST
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