LEAGUE OF WOMEN VOTERS
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Measure A Bond San Mateo County Community College District 2/3 Vote Required
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Index of all Measures |
Infomation shown below: Summary | Yes/No Meaning | Arguments | | ||||||
To prepare students at College of San Mateo, Canada College and Skyline College for 4-year colleges and jobs of the 21st century,
shall the San Mateo County Community College District be authorized to issue bonds in $148 million principal amount to upgrade
computer and science labs; repair leaky roofs; remove asbestos; make seismic upgrades; retrofit classrooms; improve disabled
access; improve safety on campuses; and make other real property acquisitions and improvements, at interest rates not exceeding
the legal limit?
This measure would authorize the San Mateo County Community College District to issue bonds in the amount of $148 million with an interest rate not to exceed the legal maximum. The bonds shall mature in no more than 25 years. The Board of Trustees has listed the specified purposes of the bonds to be: (1) upgrading computer and science labs; (2) repairing leaky roofs; (3) removing asbestos; (4) making seismic upgrades; (5) retrofitting classrooms; (6) improving access for the disabled; (7) improving safety on campuses and (8) making other real property acquisitions an improvements.
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News and Analysis The Almanac
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Arguments For Measure A | Arguments Against Measure A | ||
Each year, over 25,000 students attend the three San Mateo County
Community Colleges - College of San Mateo, Skyline College and
Canada College.
The Colleges offer classes and training that are preparing students for four-year universities and the jobs of the 21st Century. Each year, thousands are educated in computer programming, science, health care, business, technology, journalism, aeronautics, and engineering. Yet, the classrooms and facilities at the Colleges are over 30 years old. Funds to improve these facilities have been virtually nonexistent. Classrooms and buildings need to be upgraded and modernized to meet the needs of current and future San Mateo County students and improve the quality of education. Measure A funds will:
An unprecedented group of business leaders, elected officials, labor leaders, educators, law enforcement and community members have endorsed Measure A. They understand that:
/s/ Anna Eshoo August 6, 1999
/s/ Jackie Speier August 13, 1999
/s/ Don Horsley August 9, 1999
/s/ Floyd Gonella August 9, 1999
/s/ Ruth K. Nagler August 16, 1999
Where did the money go?
Coffee?? They compare the cost of this bond to 170,000,000 cups of coffee. So what?! There are only about 250 thousand families to pay for all that spending - $250 million in principle and interest. That's about $1000 on average per family in new taxes, no matter how you count it. Forget something? The #1 use of Measure A funds - nearly half the total - would be interest payments. This is NOT a referendum on the value of our community colleges. They will continue to be well funded by the taxes we already pay whether this measure passes or fails. Last year, SMCCCD got 11.5% of all property taxes collected. This IS a vote on bonded indebtedness - passing costs to another generation of taxpayers, many of whom are too young to vote or haven't been born yet. SAY NO TO DEBT! Vote No on Measure A!
/s/ Margret Buckley Schmidt August 23, 1999
/s/ John J. Hickey August 25, 1999
/s/ Vi Gotelli August 24, 1999
/s/ Christopher R. Inama August 23, 1999
/s/ Wayne Harter August 23, 1999
| Pizza? Proponents soft-pedal the cost of making payments on this
bond, comparing the tax to the cost of a pizza. However, if you
own or rent a home assessed at $300,000 today, you can expect to
pay an extra $600-$1,200 over the life of the bond.
Looking back: If trustees had set aside $2.7 million for each of the last 25 years - anticipating repairs - they would have had $148 million in the bank today (if invested at 6%). Every condominium association in California is required by law to plan this way. Responsible planners don't let property deteriorate and then ask residents to take out "second mortgages" after the fact. Vote against irresponsible planning! Our community colleges are not presently encumbered with debt, and there is no reason to start down that road today. Going into debt for 25 years to make repairs today is like starting a lifetime smoking habit to lose 10 pounds. And once politicians get into the bond debt habit they never quit. Costs: Bond advocates want to blow $148 million now, and then spend over $10 million annually thereafter on investor payments for the next 25 years (totaling over $250 million). Most purchases would deteriorate before they're paid for! Because bondholders are paid interest of roughly 5 1/2% every year, taxpayers would spend almost twice as much money for the same purchases as under a pay-as-you-go discipline. Every American who has ever declined a credit card knows this. Why don't the incumbents get it? Looking forward: If - instead of going into debt - we simply budgeted $5.92 million of current revenue for maintenance and upgrades each year, we'd spend the same $148 million in total-and some of the equipment would be new every year. That's fair to every generation. SAY NO TO DEBT!
/s/ Margret Buckley Schmidt August 1, 1999
/s/ John J. Hickey August 3, 1999
/s/ Lacy Nelson August 4, 1999
/s/ David L. Collins August 2, 1999
Our three Community Colleges serve the entire County. They provide classes and training to thousands who go on to four year universities, jobs in hi-tech or other professions, or others who wish to continue their education. Yet classrooms and facilities are old and wearing out. The colleges were built with public funds nearly 40 years ago. To protect that investment for the future, we need to reinvest now. What will Measure A yield?
That's less than the price of one cup of coffee - seniors who are long-time property owners pay even less! The opponent's claims of high costs and poor planning are deliberately misleading and false. There are no other viable alternatives. Every other avenue has been explored. Costs are minimized. Only the most pressing needs are addressed. Measure A is a small investment now that will ensure that we don't pay for more costly repairs in the future. Please join an overwhelming coalition of business, labor, elected officials, educators and others in voting Yes on Measure A.
/s/ Mario Panoringan August 24, 1999
/s/ Laurence K. Buckmaster August 25, 1999
/s/ Marianne Zanone Rush August 25, 1999
/s/ Michael D. Nevin August 25, 1999
/s/ Roger Grossman August 25, 1999
Mr. Grossman signed on behalf of SAMCEDA. Officers of SAMCEDA are:
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