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November 3, 2020 — California General Election
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Special District

Cajon Valley Union School District
Measure T Bond Measure - 55% Approval Required

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Election Results

Failing

36,822 votes yes (53.3%)

32,295 votes no (46.7%)

To replace outdated electrical wiring; increase internet access; upgrade fire alarms; improve student safety /campus security; and replace aging portables, shall Cajon Valley Union School District's measure to issue $125 million in bonds be adopted, extending but not increasing the current tax rate (averaging $13/$100,000 of assessed valuation) and raising $6.2 million annually until repaid with legal interest rates, annual audits, independent oversight, all funds spent locally, no money for administrators' salaries and qualifying for State reimbursement?

What is this proposal?

Measure Details — Official information about this measure

YES vote means

A “YES” vote is in favor of authorizing the District to issue and sell $125,000,000 in general obligation bonds.

NO vote means

A “NO” vote is against authorizing the District to issue and sell $125,000,000 in general obligation bonds.

Impartial analysis / Proposal

Source: Office of the San Diego County Counsel

CAJON VALLEY UNION SCHOOL DISTRICT
BOND ELECTION

COUNTY COUNSEL IMPARTIAL ANALYSIS

This measure was placed on the ballot by the governing board of the Cajon Valley Union School District (“District”). This measure, if approved by 55% of the qualified electors voting on this measure, will authorize the District to issue and sell general obligation bonds in an amount not to exceed $125,000,000. If approved, the bonds may be issued in several series and may mature in 40 years or such shorter period as determined by the District Board. The interest rate on the bonds could not exceed statutory limits.

Approval of this measure will authorize a levy on the assessed value of taxable property within the District in an amount needed to pay the principal and interest on the bonds each year the bonds are outstanding. The Tax Rate Statement submitted by the District estimates the highest tax rate which would be required to be levied to fund this bond issue is $15.60 for every $100,000 of assessed valuation and the total debt service, including principal and interest, required to be repaid if all the bonds are issued and sold is approximately $240,100,000. These amounts are estimates. Actual amounts may vary depending on the timing of sales, amount of bonds sold at each sale, and assessed valuation.

Proceeds from the sale of bonds authorized by this measure can only be used for purposes described in the full text of this measure and as permitted by State law. Approval of this measure does not guarantee that any or all of the proposed projects identified by the District will be funded by the sale of the bonds. The District has represented that some of the projects identified may require state matching funds for completion.

The California Constitution permits property taxes, above the standard 1% limitation, to be levied upon real property to pay the principal and interest 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 the issuance of the bonds in this measure subject to these legal requirements.

A “YES” vote is in favor of authorizing the District to issue and sell $125,000,000 in general obligation bonds.

A “NO” vote is against authorizing the District to issue and sell $125,000,000 in general obligation bonds.

Tax rate

Source: Cajon Valley Union School District Superintendent / San Diego County Registrar of Voters

The official tax rate statement for this measure appears on pages 7 and 8 of this PDF:
https://www.sdvote.com/content/dam/rov/en/election/4182-Nov-2020/Measures/Cajon_Valley_School_Dist.pdf

TAX RATE STATEMENT
$125 MILLION
CAJON VALLEY UNION SCHOOL DISTRICT
GENERAL OBLIGATION BONDS

An election will be held in the Cajon Valley Union School District (the “District”) on November 3, 2020, to authorize the sale of up to $125 million in bonds of the District to finance school facilities as described in the measure. If such bonds are authorized and sold, principal and interest on the bonds will be payable only from the proceeds of ad valorem tax levies made upon the taxable property in the District. The following information is provided in compliance with Sections 9400- 9404 of the Elections Code of the State of California. Such information is based upon the best estimates and projections presently available from official sources, upon experience within the District, and other demonstrable factors.

Based upon the foregoing and projections of the District’s assessed valuation, the following information is provided:

1. The best estimate of the average annual tax rate which would be required to be levied to fund this bond issue over the entire duration of the bond debt service, based on a projection of assessed valuations available at the time of filing of this statement, is 1.297 cents per $100 of assessed valuation (or $12.97 per $100,000 of assessed valuation). The final fiscal year in which the tax is anticipated to be collected is 2059-60.

2. The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on a projection of assessed valuations available at the time of filing of this statement, is 1.560 cents per $100 of assessed valuation (or $15.60 per $100,000 of assessed valuation). It is estimated that such rate would be levied starting in fiscal year 2026-27 and following.

3. The best estimate of the total debt service, including the principal and interest, that would be required to be repaid if all the bonds are issued and sold is approximately $240.1 million. 

Voters should note the estimated tax rate is based on the assessed value (not market value) of taxable property on the County’s official tax rolls. In addition, taxpayers eligible for a property tax exemption, such as the homeowner’s exemption, will be taxed at a lower effective tax rate than described above. Property owners should consult their own property tax bills and tax advisors to determine their property’s assessed value and any applicable tax exemptions.

The attention of all voters is directed to the fact that the foregoing information is based upon projections and estimates only, which amounts are not maximum amounts and are not binding upon the District. The actual debt service, tax rates and the years in which they will apply may vary from those used to provide the estimates set forth above, due to factors such as variations in the timing of bond sales, the par amount of bonds sold and market interest rates available at the time of each sale, actual assessed valuations over the term of the bonds, and other factors. The date and amount of bonds sold at any given time will be determined by the District based on the need for project funds and other considerations. The actual interest rates at which the bonds will be sold will depend on conditions in the bond market at the time of sale. Actual future assessed valuations will depend upon the amount and value of taxable property within the District as determined by the County Assessor in the annual assessment and the equalization process.

David Miyashiro, Ed.D.
Superintendent
Cajon Valley Union School District

Published Arguments — Arguments for and against the ballot measure

Arguments FOR

Arguments and rebuttals are the opinions of the authors. They are printed exactly as submitted, including errors. 

ARGUMENT IN FAVOR OF MEASURE T

COVID-19 has had a significant impact on our schools. Without warning, teachers and school staff have been forced to find an entirely new way to educate. And we’ve all learned incredibly valuable lessons: crises don’t wait, and we must remain prepared for any emergency.

Our schools must be better prepared for whatever the future may bring. As a community, we have the opportunity to do this without raising taxes.

Measure T will provide Cajon Valley’s schools with the resources to make critical safety improvements and better prepare our students for a changing world. Measure T projects include:

  • Replacing aging portable classrooms with permanent facilities
  • Upgrading classroom and school emergency preparedness, including fire alarms and communication systems
  • Meeting Americans with Disabilities Act (ADA) requirements for school restrooms
  • Increasing student internet access

We must also acknowledge how important it is that every single dollar is watched over and managed. So, in addition to not raising taxes, Measure T imposes ironclad protections, including: • Requiring a rigorous Independent Citizens’ Oversight Committee and third-party auditor

  • Qualifying for state matching funds • Prohibiting any funds from being used for administrators’ salaries and benefits
  • Guaranteeing that all bond money will be spent locally, not taken by the state for use elsewhere

Now is the time to ensure that our schools are equipped to educate our children, no matter the circumstances. Measure T will get us to that goal without increasing current taxes.

Our schools are our community’s most valuable public resource. They provide our children with a place to thrive, they protect local property values, and they make our community a better place to live. Let’s make sure they remain that way. Vote Yes on Measure T.

CHOLEANNE DILGARD
Teacher of the Year 

SHERI RUNYEN
Parent Volunteer of the Year

HAROLD BROWN
CEO/Pastor, East County Transitional Living Center 

GREGORY M. BROWN
Owner, New West

HANEY HONG
President/CEO, San Diego County Taxpayers Association

https://rov.sandiegocounty.gov/rov/Sample_Ballots/Eng/SB-ENG-725.pdf#page=32

— Source: San Diego County Registrar of Voters

Arguments AGAINST

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

 

— Source: San Diego County Registrar of Voters

More information

Additional Info

Entities Remaining Neutral or Taking No Position

(Explanation for the absence of major entities from the lists of Yes or No endorsements)

The Republican Party of San Diego County is taking no position on this measure.
http://www.sandiegorepublicans.org/endorsements.html

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Who supports or opposes this measure?

Yes on Measure T

Organizations (1)

Elected & Appointed Officials (0)
No on Measure T

Organizations (1)

Elected & Appointed Officials (0)

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