League of Women Voters of California
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Measure E Repair, Renovation and Modernization of School Facilities Las Lomitas Elementary School District Bond - 55% Vote Required 1,839 / 73.4% Yes votes ...... 665 / 26.6% No votes
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Information shown below: Yes/No Meaning | Impartial Analysis | Arguments | | |||||
"To complete the repair of older classrooms and buildings, complete renovations and modernizations at La Entrada and Las Lomitas Schools, upgrade computer labs and computers, provide equipment for science labs, construct, furnish and equip school facilities, improve electrical wiring for technology, upgrade playgrounds, and make other improvements, shall the Las Lomitas Elementary School District issue $12 million of bonds at legal interest rates, appoint a citizens oversight committee, and perform financial and performance audits?"
This measure would authorize the Las Lomitas Elementary School District to issue bonds in an amount not to exceed $12 million. The bonds will have an interest rate not to exceed the legal maximum and shall mature in no more than 25 years or 40 years depending on the bond. The Board of Trustees has listed the specified purposes of the bonds to be: to repair classrooms buildings including lighting, wall coverings, floorings and HVAC systems; upgrade computer labs and computers; provide science lab equipment; construct, furnish and equip school facilities; improve electrical wiring for technology; improve playgrounds, fields and landscaping; replace roofs; construct a gymnasium. The measure requires the Las Lomitas Elementary School District to take certain steps to account for the proceeds from the sale of the bonds as set forth in Article XIIIA, Section 1(b)(3) of the California Constitution and Education Code sections 15264 et seq. The District Board must appoint a citizens' oversight committee and conduct annual independent audits to assure that funds are spent only on school and classroom improvements and for no other purposes.
A "yes" vote on this measure would authorize Las Lomitas Elementary School District to issue bonds in an amount not to exceed $12 million to: repair classrooms buildings including lighting, wall coverings, floorings and HVAC systems; upgrade computer labs and computers; provide science lab equipment; construct, furnish and equip school facilities; improve electrical wiring for technology; improve playgrounds, fields and landscaping; replace roofs; construct a gymnasium.
A "no" vote would prevent Las Lomitas Elementary School District from issuing bonds of up to $12 million. This measure passes if 55% of those voting on the measure vote "yes."
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General Links
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Arguments For Measure E | Arguments Against Measure E | ||
The Las Lomitas School District has worked hard to improve the classrooms, science labs and libraries of our local schools. More needs to be done. Local funds are not adequate. State bond money has been exhausted. Construction costs have escalated.
Both schools - Las Lomitas and La Entrada - were built more than 40 years ago. We must upgrade the schools so current students and future generations can be educated in clean, safe and accessible classrooms and facilities. Join us in support of Measure E to provide these very necessary funds. Measure E provides funds to:
Measure E requires mandatory fiscal oversight. A Citizen's Oversight Committee will review and audit bond expenditures. The Committee will report annually. Every dollar will be accounted for and no funds will go for district salaries. Measure E and its companion Measure D are both essential to ensure we provide the highest quality education for our young people. Join our broad coalition and vote Yes on Measures D and E.
/s/ Duncan L. Matteson
/s/ Linda Craig
/s/ Steve Bellumori
/s/ Joseph Davis M.D.
/s/ Mary Lee Wachtel
$4,353,521 $4,811,972 $4,773,133 $5,317,291 $6,293,310 $6,880,214 $7,942,290 $8,482,175 Regular property taxes ($4.9 million)- not including parcel taxes - account for more than the district's entire budget of 8 years ago. Enough is enough! It's time to give home owners and renters a break. (Renters can NOT deduct the taxes they pay through their rent.) After receiving almost $50 million during the last 8 years, the school's faculty should be happy with good wages, and the school's buildings should be in sparkling shape. If they're not, it's time to take a look at the management. The taxpayers have done their part. - And there's not a thing on the district's wish list that can't be done with regular property taxes, careful spending, and a little bit of patience. The pupil/teacher ratio is only 16.8 to 1 now! Note: Bond pushers always understate the yearly assessment by averaging tax rates from 25 years in the future. (Tax rates decline in future years in direct proportion to increases in assessed valuations.) In practical terms, the average household would have to pay over $3,500 for this bond, over the next 25 years, no matter how you slice it.
/s/ John J. Hickey
/s/ Christopher VA Schmidt
| A Question: Have you ever thought the following?
"I wish my parents had borrowed more money when I was a kid - and left their debts for me to pay off." Of course not! - but many or most politicians seek to do exactly that with bonds: Borrow now and pay later. It's only "other people's money". But we do not need to borrow money to fund our schools. Boatloads of Money: Combine the following:
This is a vote on decades of future interest payments, adding over $9 million to the original cost of the bond. No, thanks. The Bottom Line: Principal and interest payments would total over $21 million. That's over $3,500 in new taxes per household, over the next 25 years - on top of what you pay now.
/s/ John J. Hickey
/s/ Christopher VA Schmidt
The process of renovation and upgrade of district schools began over two years ago. Since then, construction costs have escalated tremendously - in some cases have doubled. Current taxes and bond revenue have fallen short of funds required to complete essential modernizations. Measure E will provide funds to:
Only some of us have children in the local schools, but we all care about what happens here. The physical state of our schools is a reflection on the value we place on education. Better schools benefit all of us. Please join local residents, local homeowners, local businesspeople in voting Yes on Measure E and companion Measure D. Both are essential and necessary to ensure we provide the highest quality education possible to our children.
/s/ Tod Spieker
/s/ Timothy E. Howard
/s/ Ted Knapp
/s/ Jeanne M. Campbell
/s/ W. Craig Falkenhagen
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