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Vote NO on Measure A

6 hours ago
2 min read

If you pay property taxes or rent within the Le Grand Union High School District, this applies to you!


Vote NO on Measure A


Here’s why:


=> This New $9,100,000 bond will ultimately cost $21,046,910 to repay.


=> LGUSD currently has about $10,100,000 in bond debt that is projected to cost $16,143,730 to repay.


=> Current total property taxes collected for existing (Old) school bonds is ~ $800,000 per year


=> Annual property taxes potential increase 2-3X


DETAILS:


=> Current bond debt (principal + interest) held by LGUSD is $16,143,730 (ref: audit p.36 of 94)


=> State matching funds are not automatic nor guaranteed; and should not be a factor when voting


=> The current Tax Rate for LGUSD Bond is 0.041200 per $100K (ref: Merced County Tax Rates, pg 46)


=> District family population is approx. 7,400 people with approx. 2,000 total households (ref: ACS-ED Dashboard)


=> District student population is 507 (ref CDE Quest reporting)


=> The 10-year avg of student population is 511; making the 2026 level of 507 < avg (ref CDE Quest reporting)


=> This measure’s ‘Question’ to voters is misleading because this bond is NOT to ‘improve the quality of education’.


=> Per the Full Text, the measure is to fund the modernization, renovation, expansion, acquisition, construction, reconstruction, rehabilitation, and or replacement of school district facilities; including furnishings and equipping school facilities at current and future sites and properties.


=> The ballot Question is misleading and may cause prejudice in violation of Elections Code § 13119(c) by using with the phrasing, “generating on average $672,300 annually” which might lead voters to believe the district is making money (a favorable scenario) vs receiving a loan through the sale of bonds that must be repaid (the actual scenario).



LINKS TO REFERENCES:




• 2001 Measure A Bond for $.1950,000 still being paid under Series A https://emma.msrb.org/MS195323-MS170631-MD330520.pdf


• 2014 Measure N Bond for $4,200,000 still being paid under Series A https://emma.msrb.org/EA888966.pdf and Series B https://emma.msrb.org/EP899922-EP697157-EP1098982.pdf


• 2020 Measure S Bond for $6,000,000 still being paid under Series Ag https://emma.msrb.org/P21436345-P11143952-P11557624.pdf and Series B https://emma.msrb.org/P21714672-P21318235-P21750913.pdf



• US Govt ACS-ED Demographics Dashboard: https://nces.ed.gov/Programs/Edge/ACSDashboard/0621270




• LGUSD Measure A - Question:


• LGUSD Measure A - FULL TEXT


• LGUSD Measure A - Independent Analysis


• LGUSD Measure A - Statement In Favor

 
 
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