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November 6, 2018 — California General Election
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Special District

Del Mar Union School District
Measure MM Bond Measure - 55% Approval Required

To learn more about measures, follow the links for each tab in this section. For most screenreaders, you can hit Return or Enter to enter a tab and read the content within.

Election Results

Passed

11,771 votes yes (61.1%)

7,481 votes no (38.9%)

100% of precincts reporting (31/31).

21,294 ballots counted.

To improve Del Mar neighborhood elementary schools, repair/upgrade/reconstruct deteriorated school facilities, plumbing, roofs, electrical systems, renovate classrooms supporting science, engineering, math, arts instruction; improve safety/security and technology infrastructure; and construct/equip a new elementary school; shall Del Mar Union School District issue $186 million in bonds at legal rates, raising $10.4 million annually over 32 years at approximately 3 cents per $100 of assessed value, with independent citizens' oversight, mandatory audits, all money for Del Mar K-6 schools?

What is this proposal?

Measure Details — Official information about this measure

YES vote means

A "YES" vote is a vote in favor of authorizing the District to issue and sell $186,000,000 in general obligation funds.

NO vote means

A "NO" vote is a vote against authorizing the District to issue and sell $186,000,000 in general obligation funds.

Impartial analysis / Proposal

San Diego County Counsel

COUNTY COUNSEL IMPARTIAL ANALYSIS

This measure was placed on the ballot by the governing board of the Del Mar Union School District ("District"). This measure, if approved by 55% of the votes cast on the measure, will authorize the District to issue and sell $186,000,000 in general obligation bonds. The sale of these bonds by the District is for the purpose of raising money for the District, and represents a debt of the District. In exchange for the money received from bondholders, the District promises to pay the bondholders an amount of interest for a certain period of time, and to repay the bonds on the expiration date. 

Voter approval of this measure will also authorize an annual tax to be levied upon the taxable property within the district. The purpose of this tax is to generate sufficient revenue to pay interest on the bonds as it becomes due and to provide a fund for payment of the principal on or before maturity.

Proceeds from the sale of bonds authorized by this measure may be used by the District 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.

The interest rate on any bond, which is established at the time of bond issuance, could not exceed 12% per annum. The final maturity date of any bond could be no later than 40 years after the date the bonds are issued, as determined by the District.

The tax authorized by this measure is consistent with the requirements of the California Constitution. The California Constitution permits property taxes, above the standard 1% limitation, to be levied upon real property to pay the interest and redemption charges on any bonded indebtedness for, among other things, the construction, reconstruction, rehabilitation, or replacement of school facilities, including the furnishing and equipping of school facilities, when approved by 55% of the voters if:

(1) the proceeds from the sale of the bonds are used only for the purposes specified,
(2) the District evaluates safety, class size reduction, and information technology needs to approve a list of specific projects to be funded,
(3) the District conducts an annual, independent performance audit to ensure funds have been expended on the specific projects listed, and
(4) the District conducts an annual, independent financial audit of bond proceeds.

Additionally, if the bond measure is approved, state law requires the District to establish an independent citizens' oversight committee. The District has made this ballot measure subject to these legal requirements.

Approval of this measure does not guarantee that the specific projects listed by the District will be funded by the sale of the bonds.

A "YES" vote is a vote in favor of authorizing the District to issue and sell $186,000,000 in general obligation funds.

A "NO" vote is a vote against authorizing the District to issue and sell $186,000,000 in general obligation funds.

Tax rate

Superintendent, Del Mar Union School District

TAX RATE STATEMENT [from the sample ballot pamphlet]

As shown on the enclosed official ballot, an election is being held in the Del Mar Union School District (“District”) on November 6, 2018, for the purpose of submitting to the registered voters within the District the question of whether the District shall issue and sell bonds in an amount not to exceed $186,000,000 for the purpose of providing funds for the specified school facilities and school projects as set forth in the resolution of the District calling such bond election. This measure will authorize a tax sufficient for payment of interest on, and redemption of, the bonds. The bonds shall bear interest at a rate, or rates, to be established at such time as the bonds are sold, in one or more series, at fixed or variable interest rates not to exceed the maximum applicable statutory rate for such bonds. If such bonds are authorized and sold, the principal thereof and the interest thereon are a general obligation of the District, payable from the proceeds of ad valorem taxes on taxable real property located within the District. The following information is submitted in compliance with California Elections Code Sections 9401 through 9404 based on estimates of assessed valuations available at the time of filing of this statement:

(a) The best estimate from official sources of the average annual tax rate that would be required to be levied to fund the bond issue during the entire duration of the bond debt service (repayment of the bonds) based on estimated assessed valuations available at the time of filing of this statement, which is a projection based on experience within the same jurisdiction or other demonstrable factors, is $0.28 per $100 ($28 per $100,000) of assessed valuation. The final fiscal year in which such tax is anticipated to be collected is 2049-2050.

(b) The best estimate from official sources of the highest tax rate which would be required to be levied to fund such bond issue(s) based on estimated assessed valuations available at the time of filing of this statement, which is a projection based on experience within the same jurisdiction or other demonstrable factors, is $0.2925 per $100 ($29.25 per $100,000) of assessed valuation. It is estimated that this tax rate would apply in the 2028-2029 tax/fiscal year.

(c) The best estimate of the total debt service, including principal and interest, that would be required to be repaid if all the bonds are issued and sold is $334,800,000.

Voters should note that these estimated tax rates are based on the assessed value of taxable property within the District as shown on the official rolls of San Diego County, not on the property’s market value. In addition, taxpayers eligible for a property tax exemption, such as the homeowner’s exemption, will be taxed at a lower effective rate than described above. Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined by the San Diego County Assessor in the annual assessment and the equalization process. Property owners should consult their own property tax bills and/or tax advisors to determine their property’s assessed value and any applicable tax exemptions.

Attention of all voters is directed to the fact that these estimates are based on assumptions and projections derived from information currently available and obtained from official sources. The actual tax rates and the years in which they will apply may vary depending on the timing of any bond sales, the amount of bonds sold, the maturities of the bonds issued and sold, market interest rates at the time of each sale of bonds and actual assessed valuations over the term of repayment of the bonds. 

The figures provided above are estimations based on the factors noted herein and are not maximum limitations. The timing of the bond sales and the amount of bonds sold at any given time will be governed by the needs of the District. The actual interest rates at which bonds will be sold will depend on the bond market at the time of each such sale. Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined by the San Diego County Assessor in the annual assessment and the equalization process.

Dated: August 6, 2018

/s/ Holly McClurg, Ph.D., Superintendent
Del Mar Union School District

Published Arguments — Arguments for and against the ballot measure

Arguments FOR

ARGUMENT IN FAVOR OF MEASURE MM

VOTE YES on MM to protect the outstanding quality of education that local children attending neighborhood K-6 schools receive from the Del Mar Union School District.

Our neighborhood elementary schools – Ashley Falls, Carmel Del Mar, Del Mar Heights, Del Mar Hills Academy, Ocean Air, Sage Canyon, Sycamore Ridge, and Torrey Hills – have provided local children with an exceptional education, consistently ranking among the best in the state. However, they are aging, some are overcrowded, and the current state of these facilities is now threatening our local quality of education.

Two schools west of I-5 built in the 1960’s have grown dilapidated after constant use over more than half a century. On the east side of the school district, dramatic enrollment increases are causing overcrowding. All schools are aging and ALL need attention. Without Measure MM, DMUSD’s outstanding instructional program and reputation for exceptional teaching and learning will suffer.

Measure MM provides a prudent plan to address Del Mar Union School District’s most critical facility needs. NO other funding currently exists to properly upgrade our schools.

Measure MM will:

  • Repair/Replace deteriorated school roofs, plumbing, HVAC, lighting, and electrical systems
  • Renovate classrooms for science, technology, engineering, art and math instruction
  • Improve school safety and security
  • Upgrade technology infrastructure to keep pace with 21st century learning
  • Reconstruct Del Mar Heights School and modernize Del Mar Hills Academy, west of I-5
  • Construct and equip a new school in East Pacific Highlands Ranch to relieve overcrowding

Taxpayer protections are REQUIRED. ALL FUNDS STAY LOCAL. NO funds are allowed for administrators' salaries, benefits or pensions. Independent Oversight and mandatory audits ensure proper spending.

Whether or not you have school-age children, protecting the local quality of education is a smart investment. Great schools protect great property values and keep our community strong.

Please join teachers, parents, community leaders, and residents from every neighborhood of our community VOTING YES to ensure safe, modern, premier Del Mar schools for our future.

Please VOTE YES on MM.

YesonMM4DMUSD.org

Ira Sharp, Treasurer, Del Mar Foundation, 22 Year Community Volunteer

Tamara Wells, Realtor

Guy Ravad, Ocean Air School Parent

Christie Uzelac Vincent, 1st Grade Teacher, Sycamore Ridge School

Gee Wah Mok, Attorney

— San Diego County Registrar of Voters

Arguments AGAINST

ARGUMENT AGAINST MEASURE MM

No argument against the measure was filed in the office of the Registrar of Voters.

— San Diego County Registrar of Voters

Read the proposed legislation

Proposed legislation

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Due to its length, the full text of this measure will be entered into Voter's Edge by a League of Women Voters volunteer. Instead, Voter's Edge will point to the full text in a PDF version of a sample ballot prepared by the San Diego County Registrar of Voters: https://www2.sdcounty.ca.gov/rov/Sample_Ballots/Eng/SB-ENG-465.pdf

To find your own sample ballot version, containing all the candidates and measures on your own ballot, please use the ROV's sample ballot look-up tool at https://www2.sdcounty.ca.gov/rov/Eng/ballot.asp .

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Who supports or opposes this measure?

Yes on Measure MM

Organizations (1)

Elected & Appointed Officials (0)
No on Measure MM

Organizations (1)

Elected & Appointed Officials (0)

More information

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