‘Yes’ on CC campaign to hold open forums

By Karen Billing

Two open forums will be held to discuss Proposition CC, Del Mar Union School District’s general obligation bond on the Nov. 6 ballot. The forums will be held Oct. 4 and Oct. 18, both at 6 p.m. at the Ocean Air Recreation Center (4770 Fairport Way, San Diego, CA 92130).

Suzanne Hall, a parent from the Committee for Quality Local Schools attended the Sept. 27 Carmel Valley Community Planning Board meeting to inform the board about the bond and help generate the 55 percent of the vote the district will need to pass it.

“Communities are known by the schools they keep,” Hall said, noting the education system is the reason many people opt to move to Carmel Valley and Del Mar. “We’re very fortunate that the schools here are excellent and it’s important we support their continued excellence.”

The $76.8 million bond will cost $8.44 per $100,000 of assessed value. For the average homeowner in the district, that equals $65 a year.

The bond will help pay for the cost to upgrade the district’s facilities, implement the district strategic plan for 21st Century learning and make up the deficit for what keeps getting taking away from state funding, according to the district.

The cost will show up on property tax bills and is tax deductible. Hall said while the bond carries a length of 25 years to pay off, if property values escalate the district could pay down the debt faster than 25 years. The district will have flexibility in choosing their bond terms, and will have a debt service ratio of 2.1 to 1. The district is developing a new policy on the use of capital appreciation bonds (CABs) with recommendations from Dan McAllister, San Diego County treasurer-tax collector. The district expects to approve its new bond policy, which stresses fiscal responsibility, at a special meeting this week.  To learn more about Yes on CC, visit qualitydelmarschools.org.

Related posts:

  1. Open forums to be held in Carmel Valley to discuss Proposition CC
  2. High school district board approves policy about bond
  3. Del Mar school district expected to approve new policy on use of capital appreciation bonds
  4. Del Mar school district expected to approve new bond policy
  5. Del Mar school district may place general obligation bond on November ballot

Short URL: http://www.delmartimes.net/?p=40643

Posted by Staff on Oct 4, 2012. Filed under Del Mar, News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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