Keppel Union School District, California, Measure Sf, Bond Issue (March 2020)

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Keppel Union School District Measure SF
LocalBallotMeasures Final.png
Election date
March 3, 2020
Topic
Local school bonds
Status
Defeatedd Defeated
Type
Referral
Origin
Lawmakers


A bond issue was on the ballot for Keppel Union School District voters in Los Angeles County, California, on March 3, 2020.[1] It was defeated.

A "yes" vote supported authorizing the district to issue up to $17.9 million in bonds at an estimated property tax rate of $30 per $100,000 in assessed property value.
A "no" vote opposed authorizing the district to issue up to $17.9 million in bonds at an estimated property tax rate of $30 per $100,000 in assessed property value.


A 55 percent supermajority vote was required for the approval of Measure SF.

Election results[edit]

Keppel Union School District Measure SF

Result Votes Percentage
Yes 1,756 46.52%

Defeated No

2,019 53.48%
Results are officially certified.
Source


Text of measure[edit]

Ballot question[edit]

The ballot question was as follows:[1]

To improve the quality of education, replace portables with permanent classrooms to meet 21st century needs, upgrade plumbing, electrical systems, improve student health/safety, construct support facilities, qualify for $12,000,000 in state grants, shall Keppel Union School District’s measure be adopted to authorize the issue of $17,900,000 in bonds at legal rates, estimated repayment averaging approximately $912,000 annually through maturity, projected levies of $0.03 per $100 of assessed valuation, no money for administrator salaries, annual audits and citizens’ oversight?[2]

Impartial analysis[edit]

The following impartial analysis of the measure was prepared by the office of the Los Angeles County Counsel:[1]

Approval of Measure SF ("Measure") would authorize the Board of Trustees ("Board") of the Keppel Union School District ("District"), which placed the Measure on the ballot by Resolution No. 2019-20-005, to issue general obligation bonds in a maximum principal amount not to exceed $17,900,000.

Proceeds from the sale of the bonds authorized by the Measure shall be used only for the purposes specified in the Measure, including, but not limited to, building permanent classrooms, a multipurpose room and kitchen; build, repair, renovate and replace classrooms, physical activity areas, libraries, labs, core building and utility infrastructure and equipment, technology infrastructure upgrades, HVAC systems, fire safety and security systems, outdoor lighting, parking lots, walkways and ramps, and landscaping, and updating furniture and equipment throughout the District. Bond proceeds may not be expended on teacher or administrator salaries or other school operating expenses.

The Board shall establish an independent Citizens' Oversight Committee and cause independent performance and financial audits to be conducted annually to ensure bond proceeds are expended as specified in the Measure. The Board shall deposit bond proceeds in a building fund held by the Los Angeles County Treasurer. The Superintendent of the District shall cause a report to be filed with the Board annually no later than January 1 of each year, reporting on the bond proceeds and expenditures, as well as the status of projects listed in the Measure.

Approval of the Measure does not guarantee proposed projects will be funded beyond the local revenues generated by the Measure. The District's project proposals may assume receipt of matching State funds subject to appropriation by the Legislature or approval of a statewide bond measure.

Bonds shall be issued pursuant to the California Constitution, Education Code and other laws. The District bonds may be issued in one or more series over time. According to the District's Tax Rate Statement, the best estimate of the average annual tax rate required to fund the bonds, based on assessed valuations available when the District filed the statement, is $30 per $100,000 of assessed value. The final fiscal year in which the tax is anticipated to be collected is 2055-56. The estimated total debt service required to be repaid if all bonds are issued and sold is $32,900,000, including principal and interest. Estimated tax rates are based on the assessed value of taxable property on official rolls, not on a property's market value.

This Measure requires a fifty-five percent (55%) vote for passage.[2]

Full text[edit]

The full text of the measure is available here.

Path to the ballot[edit]

See also: Laws governing local ballot measures in California

This measure was put on the ballot through a vote of the Keppel Union School District Board.[1]

See also[edit]

External links[edit]

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Suggest a link

Footnotes[edit]

  1. 1.0 1.1 1.2 1.3 Los Angeles County Elections Office , "Sample Ballot Tool," accessed January 27, 2020
  2. 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.


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