學校改善和安全債券
為了改善三藩市公立學校的地震安全和無障礙環境;在教室提供可靠的網路;更換破舊的管道、電力及通風系統;改善學生營養服務;以及提供最新的安全功能;是否應通過三藩市聯合校區的提案,即授權按照每10萬美元估值徵收約12.95美元的法定利率,發行7.9億美元債券,在債券未償還期間每年籌集約5,640萬美元,接受獨立監督並將所有資金保留在本地?
本提案需要有55%的贊成票才能獲得通過。
摘要由選票簡釋委員會撰寫
現況:
三藩市聯合校區(校區)管理三藩市公立學校系統,為超過49,500名的由學前班到12年級的學生提供教育。校區興建、修理和維護其設施的資金主要來自選民批准的債券提案,以及地方地塊稅(Parcel Tax)和開發商費用。
要發行一般義務債券,校區必須向選民提供一份清單,列出資金將用於哪些類別的專案。
根據州法律,校區不得將債券資金用於教師和行政人員的工資或營運開支。
最近期的學校債券在2016年獲得選民批准。將以物業稅收入支付一般義務債券的本金和利息。
建議:
提案A會授權校區發行一般義務債券,最多借貸7.9億元。校區可使用這些債券資金來改善、修理和提升其中任何地點,以便:
- 透過抗震升級措施應對健康和安全的風險、改善殘障人士的無障礙環境、修復受損建築和清除危險物料;
- 修理和更換重要建築系統,包括電力、供暖、供水、排污、照明、安全和消防灑水系統;
- 改建建築物內部,例如:教室;和外部,包括操場、圍欄和大門、運動場和看台以及園藝;
- 新建或擴充現有教室或學校建築,包括移動式教室和過渡性幼稚園設施;
- 升級安全和技術基礎設施;
- 建造或翻新共用、行政或運動場所,如廚房、學生營養設施、劇場、禮堂、體育館、更衣室、辦公室、交通設施和基礎設施、倉庫,以及建築和地面設備;
- 新建一個中央食物中心;
- 以永久性建築物取代臨時教室設施;
- 進行必要的施工,以符合適用的規範或法規。
校區必須成立一個獨立的公民監督委員會,負責審查和報告這些債券資金的使用情況。
提案A可能需要提高物業稅來支付這些債券的本金和利息。本提案需要有55%的贊成票才能獲得通過。
投「贊成」票的意思是:如果您投「贊成」票,即表示您同意校區發行高達7.9億美元的一般義務債券,用來改善、修理和升級校區各學校,以及興建新設施。
投「反對」票的意思是:如果您投「反對」票,即表示您不同意校區發行這些債券。
市主計官對提案「A」的意見書
市主計官Greg Wagner就提案A對本市財政的影響發表以下聲明:
如果按照目前的假設批准和出售建議的7.9億美元債券,其大致成本如下:
a) 在2025–2026財政年度(財年),即發行第一輪債券後,根據對發行債券所需稅收的最佳估算,物業稅稅率將為每100美元的估值0.00904美元(每10萬美元9.04美元)。
b) 在2030–2031財年,即最後一輪債券發行後的最高預估稅率年,根據對發行債券所需稅收的最佳估算,物業稅稅率將為每100美元的估值0.01870美元(每10萬美元18.70美元)。
c) 從2025–2026財年到2047–2048財年的整個預計期限,這些債劵平均稅率的最佳預估為每100美元的估值0.01295美元(每10美萬元12.95美元)。
d) 根據上述預估,對於估值為70萬美元的房屋業主而言,這些債券的最高年度物業稅成本估計約為129.45美元。
如果建議的7.9億美元債券全部發行並出售,則連本帶利需要償還的債務總額的最佳估算約為12.98億美元。
根據現行法律,房東可將償還一般義務債券的部分費用轉嫁給租客。允許轉嫁的金額取決於租約開始日期等因素。租金委員會每年都會公佈轉嫁費用的相關資訊。
這些估算僅基於預測,沒有約束力。由於債券出售的時間、每次出售的債券金額以及債券償還期內的實際估值不同,預測和估算可能有異。因此,實際稅率和稅率適用的年份可能與上述估算不同。
提案「A」如何被列入選票
2024年5月14日,三藩市教育委員會以7票對0票將提案A列入選票。委員的投票如下:
贊成:Alexander、Boggess、Fisher、Lam、Motamedi、Sanchez、Weissman-Ward。
反對:無。
以上陳述是本提案的中立分析。贊成和反對本提案的論據在本文後刊登。所登載論據為作者意見,其準確性未經任何官方機構校核。英文原文的拼寫及文法錯誤均未經改正。中文譯文與英文原文儘可能保持一致。
Proponent’s Argument in Favor of Proposition A
贊成提案A的論據
投票贊成提案A ,在不增稅的情況下,為三藩市公立學校教室、操場和廚房的必要升級提供資金。
三藩市公立學校需要修理和改善,以確保為我們的孩子和老師提供安全、有利的學習環境。提案A是解決這些緊迫問題的重要舉措,而且不會增加納稅人的負擔。
提案A將修復和改善三藩市公立學校的教室。
目前,許多教室都位於60多年前建造的建築內,或是使用老化的活動式教室,它們必須進行改善才能達到現代安全標準。其中一些教室的供暖系統運作欠佳,而且在建造時沒有配備機械式通風設備和其他基本設施,使教師和學生感到不舒適。提案A將用更新的教室取代這些殘舊的活動式教室,確保每個孩子都能使用安全和現代化的學習空間。
提案A分配撥款進行基本的抗震升級,在緊急情況時,保護我們的學校和每個人的安全。提案A也將對廁所、管道、照明和電力系統進行基本修理,處理影響學校日常運行的長期維護問題。
提案A將升級不完善的廚房和飯堂,使學校能夠提供新鮮健康的膳食。
三藩市有近三分之二的學生(約30,000名兒童)主要依靠校區獲得日常營養。本提案將更新陳舊的廚房和飯堂,使學校能夠提供更新鮮、更健康的膳食選擇,支持學生的整體健康和學業成功。
提案A是一項明智的投資,可以在不增稅的情況下確保孩子的安全。
三藩市樓宇及建築業委員會
Rebuttal to Proponent’s Argument in Favor of Proposition A
提案A的支持者不誠實地聲稱這提案不會增稅。(事實就是它防止了昔日債券提高了的稅率在債券清償後,得以降低)。官員刻意安排以此方式借貸,故此每次提出新的提案時,他們都可以聲稱這不是增稅!
但是,如果您在三藩市擁有物業,那麼現實情況是,如果這項提案獲得通過,您將需要支付的稅金比不通過更高。對於屋主而言,這可能意味著從現在到2048年,每年都要多付100多美元。
如果您是租客,您很可能會發現其中一些成本以更高租金的形式轉嫁給您。
我們邀請您考慮我們在反對提案A的初始論據中提出的問題:
• 為什麼他們不能透過削減年薪超過30萬美元的校區總監等過高薪酬的行政人員的工資來籌集資金,反而向公眾徵稅?
• 為什麼其他校區(以及三藩市獨立學校)能以遠低於三藩市聯合校區每年為每個學生花費26,000多美元的成本,取得同樣好或更好的教育成果?
我們還沒有看到他們的反駁——我們要等到提交我們的反駁之後才能看到,但是以往的經驗幾乎可以保證他們不會回答這些問題。「別管浪費,付錢吧,傻瓜!」
不要上當。投反對票。
三藩市自由黨
LPSF.org
Opponent's Argument Against Proposition A
有很多合乎邏輯的理由來反對這項學校債券。不幸的是,大多數人在投票時都是感情用事,聽到「這是為了孩子」的呼喊,就不假思索地同意。然而,如果您閱讀這論據,您就不是大多數人。可悲的是,很少選民在投票前進行真正的研究!
誠然,要對一份冗長而只有少量細節的專案清單,做出明智的決定是很困難的。提案A承諾資助從建築修理、內部重新設計到中央食物中心的所有專案。為什麼不分成多個較小規模的提案,讓我們對個別專案投票贊成或反對?這種做法在一些校區很常見,例如本論據的作者之一在搬來三藩市(並做出讓兩個孩子在本市公立學校上學的可疑決定)之前所住的一個德州校區就是如此。
更好的辦法是,學會在預算內負責任地量入為出,而不是借貸7.9億美元,預計還款成本(根據主計官的分析)接近13億美元——巧合(?)的是,這與三藩市聯合校區的2024年預算規模相同,不負責任地超出校區收入1.48億美元。
目前在校學生不足50,000人,每個學生每年的花費超過26,000美元!
同時,他們要求您們吞下這顆難以吞嚥的13億美元巨丸,透過物業稅增加您的債務負擔。每年要為自己擁有的東西繳稅是很痛苦的,尤其是當您甚至不擁有房產,卻看到房東為了多付的稅金而提高您的租金。
為什麼不削減校區總監(一年31萬美元)和其他薪金過高的行政人員的工資呢?其他校區為每名學生的花費少得多,他們是如何做到的?除非您提出上述尖銳的問題,否則您只可以期望會得到更多的同樣結果。
投票反對提案A!
三藩市自由黨
LPSF.org
Rebuttal to Opponent’s Argument Against Proposition A
提案A確保三藩市的學生擁有學習和茁壯成長所需的安全、現代化的教室。
我們都同意,我們的校區面臨了必須應對的重大財務挑戰。但同時,我們必須確保滿足學生的基本需求——安全的學校和獲得營養。
我們學校目前面臨的財務挑戰,這突出了明智使用資源的必要性。提案A是我們對學校需要的明智投資,同時不需要徵收新稅。
我們的許多校舍已經陳舊,有些已超過60年,還有一些是臨時搭建的教室,不符合現代安全標準。這些老化的建築造成了不舒適的學習環境,供暖系統失靈,通風不足。提案A會更換這些老化的設施,確保所有學生都能使用安全而先進的教室,專心接受教育。提案 A將改造了陳舊的廚房和飯堂,確保數以千計依靠學校膳食補充營養的三藩市兒童能吃到新鮮健康的食物。
提案A是一個前瞻性的解決方案,在不增稅的情況下處理學校目前面臨的緊迫設施問題。
對提案A投贊成票,就是將兒童的安全和成功放在首位。本提案提供的資金將直接惠及我們的學校,是一項財政負責的選擇,而且避免新的稅收。這就是為什麼它得到整個三藩市的教師、學生、家長、社區領袖和民選官員的支持。請投票贊成提案A!
Meredith Dodson,三藩市家長聯盟
Cassondra Curiel,三藩市教育工作者聯盟
Connor Skelly,前教師和Mission YMCA董事會成員*
Jose Fuentes,三藩市樓宇及建築業委員會
fixsfschools.com
*僅供身份識別之用;作者以個人身份簽名,不代表任何組織。
Paid Arguments in Favor of Proposition A
1
贊成提案A的付費論據
投票贊成提案A:投資我們孩子的未來
我們的孩子值得擁有安全、現代化的學校,但三藩市的許多公立學校都位於老化的建築中,無法滿足當今的教育需求。提案A是一項關鍵的學校債券,它將在不增稅的情況下更新學校設施,確保為所有人提供更好的學習環境。
在沒有通過提案A時,我們的校區將需要動用教學資金來源來更換日益惡化的教室、處理供暖和製冷問題、進行抗震改進以及升級陳舊的廚房和食堂。
對提案A投「贊成」票意味著投資於我們孩子的未來,確保他們能夠獲得安全、頂級的教育。讓我們為孩子們提供他們應得的學校 — 投票贊成A提案。
三藩市家長行動
這項論據的刊登費用的資金真正來源是:三藩市家長行動。
Paid Arguments Against Proposition A
1
反對提案A的付費論據
選民應該拒絕提案A ,三藩市歷史上最昂貴的學校債券提案。
三藩市聯合校區對最近超過 7億美元債券提案的整體管理不善表明了選民現在不能信任三藩市聯合校區去管理近 8 億美元的額外資金。
在選民於 2016 年批准了 7.44 億美元資金後,三藩市聯合校區多年來沒有公佈其債券計劃的已審計財務報表,甚至拒絕召集法例要求的債券監督委員會。
在上一次三藩市聯合校區債券提案中,本應資助的項目被取消。三藩市聯合校區甚至動用了選民批准的資金來應付因教育委員會在新冠疫情期間試圖為公立學校重新命名而遭到的訴訟。
三藩市聯合校區在選民批准的債券資金和財政管理不善方面存在不當支出的往績,甚至最近花費 3,400 萬美元建立新的工資系統,卻未能按時向教師支付薪酬。他們不應該被信任去接收數億美元的新資金。
由於本市預算不斷膨脹至接近 160 億美元,預算赤字接近驚人的 8 億美元,現在不是批准以損害納稅人為代價去批准 7.9 億美元更多資金的適當時機。
如果提案 A 通過,主計官估計在考慮本金和利息時將需要償還近 13 億美元。
現在是時候讓選民向市府和三藩市聯合校區表明,在我們批准數億美元的額外支出之前,我們應該看得到市府的問責、成果和財政責任。
向市政廳和三藩市聯合校區發送訊息。選民需要市政府走上正確的軌道並量入為出。
投票反對提案A。
三藩市公寓協會
這項論據的刊登費用的資金真正來源是:三藩市公寓協會政治行動委員會。
委員會提供資金的真正來源的三大貢獻者是:1. West Coast Property Management & Maintenance Company, 2. Geary Real Estate Inc. , 3. SkylinePMG, Inc。
Legal Text
This Measure may be known and referred to as the “San Francisco Unified School District School Improvement Bond” or as “Measure A”.
BOND AUTHORIZATION
By approval of this proposition by at least 55% of the registered voters voting on the proposition, the San Francisco Unified School District (the “District”) shall be authorized to issue and sell bonds of up to $790 million in aggregate principal amount to provide financing for the specific school facilities projects listed under the heading entitled “BOND PROJECT LIST” below (the “Bond Project List”), subject to all of the accountability safeguards specified below.
ACCOUNTABILITY SAFEGUARDS
The provisions in this section are specifically included in this proposition in order that the District’s voters and taxpayers may be assured that their money will be spent to address specific school facilities needs of the District, all in compliance with the requirements of Article XIIIA, Section 1(b)(3) of the California Constitution, and the Strict Accountability in Local School Construction Bonds Act of 2000 (codified at Sections 15264 et seq. of the Education Code of California (the “Education Code”)).
Evaluation of Needs. The Board of Education of the District (the “Board of Education”) hereby certifies that it has evaluated the facilities needs of the District, and the priority of addressing each of these needs. In the course of its evaluation, the Board of Education took safety, class size reduction and information technology needs into consideration while developing the Bond Project List.
Limitation on Use of Bond Proceeds. California (the “State”) does not have the legal authority to take locally approved school district bond funds for any State purposes. The State Constitution allows proceeds from the sale of bonds authorized by this proposition to be used only for the construction, reconstruction, rehabilitation, or replacement of school facilities listed in this proposition, including the furnishing and equipping of school facilities, or the acquisition or lease of real property for school facilities, including, to the extent permitted by law, the acquisition or lease of real property in connection with an existing or future financing of the specific school facilities projects listed in the Bond Project List, including the prepayment of existing or future interim lease, certificate of participation or lease revenue bond financings, and not for any other purpose, including teacher and administrator salaries and other school operating expenses. Proceeds of the bonds may be used to pay or reimburse the District for the cost of District staff only when performing work necessary or incidental to the bond projects.
Independent Citizens’ Oversight Committee. The Board of Education shall establish an independent Citizens’ Oversight Committee (pursuant to Education Code Section 15278 et seq.), to ensure bond proceeds are expended only for the school facilities projects listed in the Bond Project List. The committee shall be established within 60 days of the date on which the Board of Education enters the election results on its minutes pursuant to Section 15274 of the Education Code. In accordance with Section 15282 of the Education Code, the citizens’ oversight committee shall consist of at least seven members and shall include a member active in a business organization representing the business community located within the District, a member active in a senior citizens’ organization, a member active in a bona fide taxpayers’ organization, a member that is a parent or guardian of a child enrolled in the District, and a member that is both a parent or guardian of a child enrolled in the District and active in a parent-teacher organization. No employee or official of the District and no vendor, contractor or consultant of the District shall be appointed to the citizens’ oversight committee. The District may decide that the current measure A Oversight Committee shall simultaneously serve as the Oversight Committee for this measure.
Annual Performance Audits. In compliance with the requirements of Article XIIIA, Section 1(b)(3)(C) of the California Constitution, and the Strict Accountability in Local School Construction Bonds Act of 2000, the Board of Education shall conduct an annual, independent performance audit to ensure that the bond proceeds have been expended only on the school facilities projects listed in the Bond Project List. These audits shall be conducted in accordance with the Government Auditing Standards issued by the Comptroller General of the United States for performance audits. The results of these audits shall be made publicly available and shall be submitted to the citizens’ oversight committee in accordance with Section 15286 of the Education Code.
Annual Financial Audits. In compliance with the requirements of Article XIIIA, Section 1(b)(3)(D) of the California Constitution, and the Strict Accountability in Local School Construction Bonds Act of 2000, the Board of Education shall conduct an annual, independent financial audit of the bond proceeds until all of those proceeds have been spent for the school facilities projects listed in the Bond Project List. These audits shall be conducted in accordance with the Government Auditing Standards issued by the Comptroller General of the United States for financial audits. The results of these audits shall be made publicly available and shall be submitted to the citizens’ oversight committee in accordance with Section 15286 of the Education Code.
Special Bond Proceeds Account; Annual Report to Board of Education. In compliance with the requirements of California Government Code Section 53410 et seq., upon approval of this proposition and the sale of any bonds approved, the Board of Education shall take actions necessary to establish an account in which proceeds of the sale of bonds will be deposited. As long as any proceeds of the bonds remain unexpended, the Superintendent of the District shall cause a report to be filed with the Board of Education no later than January 1 of each year, commencing on the first January 1 after the sale of the first series of bonds, stating (a) the amount of bond proceeds received and expended in that year, and (b) the status of any project funded or to be funded from bond proceeds. The report may relate to the calendar year, fiscal year, or other appropriate annual period as the Head Financial Officer or such other officer as may perform such function of the District (or other officer designated by the Board of Education) shall determine, and may be incorporated into the annual budget, audit, or other appropriate routine report to the Board of Education.
FURTHER SPECIFICATIONS
Single Purpose. All of the purposes enumerated in this proposition shall be united and voted upon as one single proposition, pursuant to Education Code Section 15100, and all the enumerated purposes shall constitute the specific single purpose of the bonds, and proceeds of the bonds shall be spent only for such purpose, pursuant to California Government Code Section 53410.
Joint Use. The District may enter into agreements with the City and County of San Francisco or other public agencies or nonprofit organizations for joint use of school facilities financed with the proceeds of the bonds in accordance with Education Code Section 17077.42 (or any successor provision). The District may seek State grant funds for eligible joint-use projects as permitted by law, and this proposition hereby specifies and acknowledges that bond funds will or may be used to fund all or a portion of the local share for any eligible joint-use projects identified in the Bond Project List or as otherwise permitted by California State regulations, as the Board of Education shall determine.
Rate of Interest. The bonds shall bear interest at a rate per annum not exceeding the statutory maximum, payable at the time or times permitted by law.
Term of Bonds. The number of years the whole or any part of the bonds are to run shall not exceed the legal limit, though this shall not preclude bonds from being sold which mature prior to the legal limit.
PROJECT LIST
The Bond Project List below lists the specific projects the District proposes to finance with proceeds of the bonds. The Bond Project List shall be considered a part of the bond proposition and shall be reproduced in any official document required to contain the full statement of the bond proposition. Listed projects will be completed as needed at a particular school or facility site according to Board of Education-established priorities, and the order in which such projects appear on the Bond Project List is not an indication of priority for funding or completion. To the extent permitted by law, each project is assumed to include its share of costs of the election and bond issuance, construction-related costs, such as project and construction management, architectural, engineering, inspection and similar planning and testing costs, demolition and interim housing costs, legal, accounting and similar fees (including, but not limited to, costs of litigation arising from such project), costs related to the independent annual financial and performance audits, a contingency for unforeseen design and construction costs, and other costs incidental to or necessary for completion of the listed projects (whether the related work is performed by the District or third parties). The final cost of each project will be determined as plans are finalized, construction bids are awarded, and projects are completed. In addition, certain construction funds expected from non-bond sources, including State of California grant funds for eligible projects, have not yet been secured. Therefore, the Board of Education cannot guarantee that the bonds will provide sufficient funds to allow completion of all listed projects. Alternatively, if the District obtains unexpected funds from non-bond sources with respect to listed projects, such projects may be enhanced, supplemented or expanded to the extent of such funds. Some projects may be subject to further government approvals, including by State officials and boards and/or local environmental or agency approval. Inclusion of a project on the Bond Project List is not a guarantee that the project will be completed (regardless of whether bond funds are available). The Board of Education has found and determined that all projects listed below are capital expenditures. Any project listed below may be accomplished by construction, reconstruction, rehabilitation or replacement, as applicable and as determined by the Board of Education, and includes furniture or equipment related thereto. The District may also undertake demolition at a school facility. The District may acquire or replace furniture and equipment in connection with each project as necessary. Headings and subheadings in the Bond Project List are the types of projects the District intends to undertake and the projects that may be undertaken are not limited to the specifically enumerated projects listed thereunder.
The projects listed here under may be undertaken at any current or future district site as the board determines necessary or desirable.
CONSTRUCTION, RECONSTRUCTION AND IMPROVEMENT: SCHOOL MODERNIZATION AND CORE FUNCTIONALITY PROJECTS
-
Areas identified as health and safety risks to students, faculty, staff, parents and others may be corrected, including, but not limited to, items, buildings, building systems, or other units of real property that are either damaged or have outlived their useful lives, and the remediation of hazardous materials.
-
Major building systems may be improved, including, but not limited to, systems such as electrical (including wiring), HVAC, domestic water, sewers, building enclosure systems (including, but not limited to roofs, walls, windows and associated structural elements), lighting, floors, ceilings and walls, technology and data processing, clocks and bells, security, fire alarm, fire sprinkler, elevators, etc.
-
Major common, administrative, and athletic facilities , including, but not limited to, food service kitchens, cafeterias, multipurpose rooms, libraries, theaters, auditoriums, restrooms, gymnasiums, ancillary and administrative spaces/building sand locker rooms. All facilities undergoing renovation may, if needed, be painted inside and out.
- Earthquake-Safety Seismic upgrades.
-
Necessary or desirable accessibility improvements including, but not limited to, ADA compliance.
-
Computer technology upgrades including infrastructure wiring and equipment, wireless access points, and telecommunication system upgrades and equipment.
-
Interior modifications to reconfigure, modify, or modernize existing interior classroom and building spaces.
- Portable classrooms.
- Transitional Kindergarten facilities.
-
Exterior modifications including, but not limited to, replacement or repair of all building exterior finishes and materials and exterior site work, playgrounds, play structures, shade structures, fences and gates, fields and bleachers, hardscape and landscaping.
-
Additions or expansions to existing classroom or school buildings to provide additional classrooms or other spaces.
-
Replacement of temporary classroom facilities (e.g., aging modular classrooms) with permanent structures.
- Warehouses, buildings and grounds facilities.
- New schools.
- Central kitchens / student nutrition facilities.
- Construct, renovate and/or modernize transportation facilities and infrastructure.
-
Work not specifically listed here, but required or recommended by any departments or agencies having jurisdiction.
-
Work necessary for compliance with the Education Code, health and safety codes, and building codes.
SCHOOLYARD / OUTDOOR LEARNING IMPROVEMENTS
The District may use bond proceeds to otherwise construct or modernize the outdoor areas at all current and future District sites. This includes, but is not limited to: schoolyard and outdoor learning improvements, including stormwater management and/or drainage; play equipment; outdoor classrooms; physical education or athletics programming enhancements; access to nature; increased shade; outdoor gathering and eating spaces; furniture, fixtures & equipment; retaining walls; and accessibility.
SECURITY UPGRADES
The District may improve security infrastructure and equipment at all current and future District sites, including, but not limited to, public address (PA) systems, door hardware and entry systems, and site fencing.
STUDENT NUTRITION AND FOOD SERVICE DELIVERY
The District may modernize or construct kitchens, including any necessary or incidental infrastructure, equipment, and/or site improvements to improve school meals, including, but not limited to, renovating dining areas and the central warehouse, constructing a new central kitchen, the creation of regional cooking kitchens to serve all District schools, food serving line upgrades, and cafeteria and dining space modernization at any current or future District site.
TECHNOLOGY UPGRADES
The District may improve information technology infrastructure and equipment at all current and future District sites, including, but not limited to, upgrades of core, school site local, and wide area networks; telecommunication system upgrades; development of redundant internet connection systems; disaster recovery; security; cybersecurity and central data infrastructure; and other technology devices, systems, and equipment.
Incidental Work Authorized At All Sites
(at which Projects listed above are undertaken)
Each project listed above includes allocable costs such as election and bond issuance costs to the extent permitted by law; architectural, engineering, inspection and similar planning costs; construction management (whether by the District or a third-party); annual financial and performance audits; a contingency for unforeseen design and construction costs; legal fees, including but not limited to litigation costs; and other costs necessary, incidental, or related to the completion of the listed projects and otherwise permitted by law, including but not limited to:
● Remove hazardous materials, e.g., asbestos, lead, etc.
● Address unforeseen conditions revealed by construction/modernization (e.g., plumbing or gas line breaks, dry-rot, seismic, structural, etc.).
● Other improvements required to comply with building codes.
● Furnish and equip of newly constructed classrooms and facilities, Replace worn/broken/out of date furniture and equipment.
● Acquire any of the facilities on the Bond Project List through temporary lease, lease-lease-back, or lease-purchase arrangements, execute a purchase option under a lease for any of these authorized facilities, or prepay lease payments.
● Demolish existing facilities and reconstruct facilities scheduled for modernization
● Rent or construct temporary classrooms (including modular classrooms), and rent or construct temporary locations, as needed to house students or administrative offices during construction.
● Prepare/restore site as necessary to support new construction, renovation or remodeling, or installation or removal of modular classrooms, including ingress and egress, removing, replacing, or installing irrigation, utility lines, trees and landscaping, relocating fire access roads, and acquiring any necessary easements, licenses, or rights of way to the property.
The Bond Project List shall be considered a part of this ballot proposition, and shall be reproduced in any official document required to contain the full statement of the bond proposition.
GENERAL PROVISIONS
Interpretation. The terms of this bond proposition and the words used in the Bond Project List shall be interpreted broadly to effect the purpose of providing broad and clear authority for the officers and employees of the District to provide for the school facilities projects the District proposes to finance with the proceeds of the sale of bonds authorized by this proposition within the authority provided by law, including Article XIIIA, Section 1(b)(3) of the California Constitution, Education Code Section 15000 et seq. and the Strict Accountability in Local School Construction Bonds Act of 2000. Without limiting the generality of the foregoing, such words as repair, improve, upgrade, expand, modernize, renovate, and reconfigure are used in the Bond Project List to describe school facilities projects in plain English and are not intended to expand the nature of such projects beyond, or have an effect on, and shall be interpreted to only permit, what is authorized under Article XIIIA, Section 1(b)(3) of the California Constitution, Education Code Section 15000 et seq. and the Strict Accountability in Local School Construction Bonds Act of 2000. In this regard, the Bond Project List does not authorize, and shall not be interpreted to authorize, expending proceeds of the sale of bonds authorized by this proposition for current maintenance, operation or repairs.
Estimated Ballot Information. The Board of Education hereby declares, and the voters by approving this bond measure concur, that the information included in the statement of the bond measure to be voted on pursuant to Section 13119 of the California Elections Code is based upon the District’s projections and estimates only and is not binding upon the District. The amount of money to be raised annually and the rate and duration of the tax to be levied for the bonds may vary from those presently estimated due to variations from these estimates in the timing of bond sales, the amount of bonds sold and market interest rates at the time of each sale, and actual assessed valuations over the term of repayment of the bonds. The dates of sale and the amount of bonds sold at any given time will be determined by the District based on need for project funds and other factors. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale. Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined by the County Assessor in the annual assessment and the equalization process.
Severability. The Board of Education and the voters hereby declare that every portion, section, subdivision, paragraph, clause, sentence, phrase, word, application and individual project (individually referred to as “Part” and collectively as “Parts”), of this bond measure has independent value, and the Board and the voters would have adopted each Part hereof regardless of whether any other Part of this bond measure would be subsequently declared invalid. Upon approval of this bond measure by the voters, should any Part of this bond measure be found by a court of competent jurisdiction to be invalid for any reason, all remaining Parts hereof shall remain in full force and effect to the fullest extent allowed by law, and to this end the Parts of this bond measure are severable.
TAX RATE STATEMENT
An election will be held in the San Francisco Unified School District (the “District”) on November 5, 2024, to authorize the sale of up to $790 million in bonds of the District to finance school facilities as described in the proposition. If the bonds are approved by at least 55% of the voters of the District voting on the bond measure, the District expects to issue the bonds in multiple series over time. Principal and interest on the bonds will be payable from the proceeds of tax levies made upon the taxable property in the District. The following information is provided in compliance with Sections 9400 through 9405 of the California Elections Code.
1. The best estimate of the average annual tax rate that would be required to be levied to fund this bond issue over the entire duration of the bond debt service, based on assessed valuations available at the time of filing of this statement, is $12.95 per $100,000 of assessed valuation. The final fiscal year in which the tax to be levied to fund this bond issue is anticipated to be collected is fiscal year 2047-48.
2. The best estimate of the highest tax rate that would be required to be levied to fund this bond issue, based on estimated assessed valuations available at the time of filing of this statement, is $18.70 per $100,000 of assessed valuation in fiscal year 2030-31.
3. The best estimate of the total debt service, including the principal and interest, that would be required to be repaid if all of the bonds are issued and sold is approximately $1,300,000,000.
Voters should note that such estimated tax rates are specific to the repayment of bonds issued under this authorization and will be in addition to tax rates levied in connection with other bond authorizations approved or to be approved by local voters of the District or of any other overlapping public agency.
Voters in the District have approved four separate bond authorizations under which bonds have been issued that remain outstanding: 2003 Proposition A, approved on November 4, 2003, 2006 Proposition A, approved on November 7, 2006, 2011 Proposition A, approved on November 8, 2011, and 2016 Proposition A, approved on November 8, 2016. In tax year 2023-24, the combined tax rates for these measures totaled $41.32 per $100,000 of assessed value. Under current projected schedules, all bonds issued under 2003 Proposition A will be repaid by June 2026, all bonds issued under 2006 Proposition A will be repaid by June 2035, all bonds issued under 2011 Proposition A will be repaid by June 2035, and all bonds issued under 2016 Proposition A will be repaid by June 2042.
Voters should note that estimated tax rates are based on the ASSESSED VALUE of taxable property on the County’s official tax rolls, not on the property’s market value, which could be more or less than the assessed value, and that such estimated tax rates are in addition to taxes levied to pay bonds authorized under other measures and other taxes imposed by or on behalf of the District. In addition, taxpayers eligible for a property tax exemption, such as the homeowner’s exemption, will be taxed at a lower effective tax rate than described above. Property owners should consult their own property tax bills and tax advisors to determine their property’s assessed value and any applicable tax exemptions. The estimated rates presented above apply only to the taxes levied to pay bonds authorized by this measure.
Attention of all voters is directed to the fact that the foregoing information is based upon the District’s projections and estimates only, which are not binding upon the District. The actual tax rates and the year or years in which they will apply, and the actual total debt service, may vary from those presently estimated, due to variations from these estimates in the timing of bond sales, the amount of bonds sold and market interest rates at the time of each sale, and actual assessed valuations over the term of repayment of the bonds. The dates of sale and the amount of bonds sold at any given time will be determined by the District based on need for construction funds and other factors, including the legal limitations on bonds approved by a 55% affirmative vote. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale. Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined by the County Assessor in the annual assessment and the equalization process.