School Board Votes to Place $29 Million Dollar Bond Measure on June Ballot


Our School Board last night voted to place a $29 million dollar school bond proposal on the local June 3, 2014 ballot.  I am proud of their courage to take this step toward lowering class sizes and keeping our exceptional teachers and classified staff. Hopefully with a 55% approval by voters, our faculty and staff can continue to provide the quality education we have provided for generations of Coronado children. 

The bond proposal is really quite unique among the general obligation bonds ever passed in California.  It is a “pay-as-you-go” financing of our schools that delivers an interest rate return at least 20 times less than a normal home mortgage.  The School Board also placed “handcuffs” on future boards so the funds can only be used in prudent ways. These bonds are subject to many more rigorous taxpayer protections to ensure that Coronado’s schools will survive the grave danger posed by the State’s new K-12 funding formula known as LCFF.

Working together to pass this bond, we can free our General Fund from capital costs with the bond proceeds. This measure will cost no more than $40 per $100,000 of assessed value, not fair market values.  The average home in Coronado has an assessed value less than $700,000, which means those homeowners will pay approximately $280 each year. Please join me in this effort over the next 100 days to communicate to the community of Coronado about the importance of this ballot measure for today and for future Coronado students.

Learn more at CUSD website.

Views: 582

Tags: city of coronado, community, prope, schools

Comment by eCoronado on February 19, 2014 at 4:51pm

Thanks Dr. Felix for the update.  Can you add any details about how people can figure out their assessed value?  Is it shown on your property taxes or is there a website to look up your property?  

Comment by Jeff Felix on February 19, 2014 at 5:01pm

If you do not have a copy of your current tax bill handy, there is a nice online tool available from the San Diego County Assessor/Recorder/County Clerk's Office. The tool is called the 2013 Secured Assessment Roll. The information includes the assessed values for all locally assessed real property(land and structures), as well as fixtures and business personal property (assessable to the land owner), in the County of San Diego. You can find it at https://arcc.sdcounty.ca.gov/Pages/Assessors-Roll-Tax.aspx

Comment by Steve SCannell on February 24, 2014 at 10:23am

Do all real property tax payers get to vote on this? If not, isn't this another example of taxation without representation? In addition, choosing assessed values versus fair market value burdens newer home owners and benefits longer term owners, kinda like Prop. 13. I'm guessing this structure was used to enhance the likelihood of support from seniors. Is it fair that a 75 year old with no school aged kids, with a house on Ocean pays less than a 40 year old with no kids?

Comment by Jeff Felix on February 24, 2014 at 10:42am

Only registered voters in Coronado may vote on this measure.  Also, the Prop 39 state law only allows for assessed valuation.  The law does not permit the use of market value as a form of measuring the increment. 

Comment by Steve SCannell on February 24, 2014 at 11:06am

That is what I figured. To think someone would have a say in a matter subjecting them to further taxation with no say is so passe.

Comment by Peter L. Fagan on February 25, 2014 at 10:36am

Of course, anyone registered to vote in Coronado can vote on this issue, even if they don't own property (i.e. renters or reside in military housing and don't pay property tax)  So, those non-property owners can vote to raise the tax for the property owners.

According to the CUSD web site, 41% of the students are military related and 10% are inter district transfers.  So the majority of the students are either military related or don't even live in Coronado.

I'm sure a lot more facts will come out as the election nears.

Comment by Bruce Shepherd on March 16, 2014 at 11:03pm

As Americans, we owe a debt to our service men and women and their families - they have kept us safe, they have sacrificed for us, and they have made us proud.  As Coronadoans, we also owe a debt to our service men and women and their families - they have played a major role in building this great community, and they are a key part of our community to be celebrated.  I am proud of the effort that the Coronado Unified School District puts into educating the children of our military families, I am proud of the contributions that these kids and their families make to our schools and to our community, and I hope that we can continue to effectively reach out to, and to eductate, these kids in the future.

Comment by Mark Scannell on April 20, 2014 at 1:56am
Bruce, not sure what owing a debt to our service men and women and their families has anything to do with increasing taxes on property owners. Please don't play these divisive games.
Comment by MIKE GAPP on April 26, 2014 at 4:53pm

That old line by Mather Byles keeps entering my mind;

"Which is better - to be ruled by one tyrant three thousand miles away or by three thousand tyrants one mile away?"

FWIW, I served in two services, after being a military brat in a much-deployed combat vet's house through High School, I wasn't one of these five year olds with a decrepit father who just got out, and who has a silver spoon in his mouth. We as a community can't support any military by teaching them through example that it is okay to hold people ransom in their own homes, and most, if all not of them IME, appreciate that.

Measures like these are destroying the community, not protecting it.

It feels like in order to live here in Coronado these days, you have to be with the IN crowd, or you get pecked to death by ducks.

I don't see any fundamental difference between a Yes vote on PROP mE, and one deciding that one can be justified in going to a random house in town, and take whatever one wants, as long as it matches up to only $40 per $100,000 dollar assessed value.

There are all sorts of Takers out there that make up the majority, that would approve.

Fundamentally the same.

Stop building castles.

NO on PROP E.

Mike Gapp

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