Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»Measure J: Snowline Joint Unified School District facilities bond
    Investments

    Measure J: Snowline Joint Unified School District facilities bond

    October 16, 20247 Mins Read


    The Snowline Joint Unified School District is asking voters to approve a property tax increase to fund $70.6 million in renovation and repair projects.

    At least 55% of voters need to approve Measure J for it to pass.

    Official title on the ballot: Snowline Joint Unified School District Measure J

    You are being asked: Can Snowline Joint Unified School District borrow $70.6 million to fund repairs, renovations and construction?

    what your vote means

    • A “yes” vote means: The district can borrow $70.6 million to construct new buildings, repair and renovate existing public schools.

    • A “no” vote means: The district cannot borrow $70.6 million to construct new buildings, repair and renovate existing public schools.

    Understanding Measure J

    The Snowline Joint Unified School District serves about 8,000 students from a collection of communities northeast of Mt. Baldy. It has 13 schools. The district wants money to fix leaky roofs; replace plumbing, electrical, and sewer systems; and renovate or build science labs, classrooms, and restrooms, among other things.

    School districts rely on voters to approve statewide and local bonds to pay for repairs, renovations, and new construction. This year, Snowline voters will decide whether to support one of each: the district’s Measure J and the statewide Proposition 2. (We’ve got a voter guide for that one, too.)

    A bond is basically a loan that a school district takes out, and which property owners in that school district pay back through property taxes.

    Make It Make Sense: Election 2024 Edition

    Our election newsletter helps you make sense of the choices on your ballot and what the results mean for your life in SoCal.

    If at least 55% of voters approve Measure J, the Snowline Joint Unified School District can issue up to $70.6 million in bonds to finance specific school facilities projects.

    LAist asked the district to name its top priorities for bond funding, but representatives have yet to respond.

    The money borrowed through the measure would be paid back through a property tax. The district estimates the bond would cost property-owners that live within the school district’s boundaries an average of $40 per $100,000 of assessed value. There’s also a possibility that the district could get additional state funding if Prop. 2 passes.

    Districts cannot spend bond money on employee salaries and are required to commission independent audits of bond spending.

    Calculate the impact of Measure J on your property tax

      • Find your property’s assessed value on the L.A. County or San Bernardino County Assessors’ websites.
      • Divide your assessed value by $100,000 and multiply that number by $40. 
      • The resulting number is the estimate of the annual property tax increase associated with Measure J. 
      • Remember: Your property’s assessed value will change, but increases are limited to 2% per year, except when a property changes ownership or undergoes new construction. 
      • Rent? It’s possible that landlords pass increased property taxes on to tenants, but the limits on annual rent hikes depend on where you live. 

    What supporters of school bonds say

    Research links higher student achievement to better quality schools — it’s easier to learn in clean, climate-controlled, well-lit classrooms.

    In California, there’s no dedicated stream of funding to support the upkeep of the 10,000 public K-12 schools attended by 5.9 million students. The majority of the money schools receive from the state every year supports students, staff salaries and other day-to-day expenses.

    Throughout the state, 38% of K-12 students go to schools that do not meet the minimum standard to be considered clean, safe, and functional.

    If the state and local measures fail, the need for funding will remain.

    “Those buildings are not going to magically renovate themselves while we’re waiting for a better bond,” said Sara Hinkley, the California program manager at the Center for Cities + Schools at UC Berkeley.

    Snowline Teachers Association President Matthew Bodell and Phelan Chamber President Kathy Hoffman are among those who submitted an argument supporting the bond to the L.A. and San Bernardino County Registrars’ Offices.

    Read more:

    Wasn’t the lottery supposed to fund education?

    • The lottery does contribute money to public education — L.A. County alone has gotten $11 billion since 1985 — but as revenues ballooned in recent years, school funding stagnated.

    • When California voters approved the creation of the lottery, the law required 34 cents of every dollar to fund education. In 2010 lawmakers changed the rules giving the lottery the mandate to “maximize” funding for education.

    • Now there are bigger jackpots, but fewer dollars for schools. A 2018 LAist investigation found the lottery’s contributions had dropped to 23 cents per dollar.

    • And in 2020, the California State Auditor found the lottery “has not provided required funding to education” and shorted schools tens of millions of dollars.

    What critics of school bonds say

    In general, critics of bonds often say the cost to property owners is too high and question why school districts with declining enrollment need money for construction when they’re serving fewer students.

    The Howard Jarvis Taxpayers Association is a frequent opponent of state and local school bonds. The nonprofit is dedicated to upholding Prop. 13, the 1978 constitutional amendment that limited changes to California property taxes.

    “We think bond financing has its place, but it should be judicious because it raises property taxes at the local level,” said Susan Shelley, HJTA’s vice president of communications.

    The Association has not taken a position on specific local bonds other than LAUSD’s $9 billion Measure US (no) and on Prop. 2 (also no).

    Shelley said voters weighing school bonds should carefully consider how the school spent previous bond funding and the plans for future projects.

    “You should have confidence that the priorities are right,” Shelley said. “And if they’re not, say no and make [the district] come back to you with a better plan.”

    No individual or group submitted an argument opposing the bond to the L.A. and San Bernardino County Registrars’ Offices.

    Who is in charge of all this money?

    State law lays out several accountability measures for local school district bonds, including:

    • The creation of an independent bond oversight committee that includes:
      • At least seven members
      • Representatives of the business community, taxpayers, and parents. School district employees, vendors, contractors, and consultants cannot be appointed. 
    • Independent, annual performance audits of bond-funded projects and spending 

    How long would construction take?

    While districts identify projects that could benefit from improvements, that list is not a guarantee of which projects will be funded.

    There are often years of community meetings, design, and permitting between the passage of a bond and the start of construction, though minor renovation projects could be completed sooner.

    Potential financial impact

    A bond is basically a loan. The bond authorized by Measure J would be paid back — with interest — through local property taxes.

    Further reading

    Before you read more, we wanted to take a moment to tell you about our mission here at LAist, and why we’re so dedicated to helping you get ready to vote.

    In the lead-up to this important election, our hard-working reporters and editors spent hundreds and hundreds of hours researching and writing these detailed guides and fact-based resources. We invested that time because we’re here to help you vote confidently and make your community a better place.

    But we cannot do this essential work without your help. We rely on donations from readers like you to stay independent, which keeps our nonprofit newsroom strong and accountable to you.

    At a time when the need for local journalism has never been greater, many newsrooms are facing cutbacks, including LAist. Member support — your support — is what will sustain a free press in Southern California.

    LAist’s mission is to be here for you, so please be here for us now with a donation to power our trusted local reporting. Step up right now and make the choice to give. Because that’s exactly what it is — a choice. It’s choice with consequences. If readers do not choose to step up and donate, the future of fact-based news in Southern California will not be as strong.

    No matter what happens in the world, LAist will remain a voice you know and trust.

    Thank you for your generous support.

    Sincerely,

    Chip in now to fund your local journalism

    A row of graphics payment types: Visa, MasterCard, Apple Pay and PayPal, and  below a lock with Secure Payment text to the right

    What questions do you have about the upcoming general election?

    You ask, and we’ll answer: Whether it’s about how to interpret the results or track your ballot, we’re here to help you understand the 2024 general election on Nov. 5.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Parole d’expert : « Les cats bonds sont un élément clé de diversification »

    Investments

    Le tribunal autorise la convocation d’une assemblée sur le projet de fusion chez Platinum Asia Investments

    Investments

    Why SIP Investments in Mutual Funds Can Be Beneficial

    Investments

    Indian Real Estate Investments Plummet 42% Yearly but Surge 122% Quarterly in Q2 2025, ET RealEstate

    Investments

    Prestige Estates Projects : Prestige Falcon Malls acquiert 49 % de Notting Hill Investments

    Investments

    Canadian General Investments annonce une valeur liquidative par action de 70,37 $ au 30 juin

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Sun Silver demande l’arrêt des transactions -Le 24 mars 2025 à 02:16

    Commodities

    Texas Agricultural Commissioner Sid Miller describes shooting at Donald Trump campaign rally

    Stock Market

    Georgia Capital exerce son option de vente sur sa participation dans Georgia Global Utilities

    Editors Picks

    Tiger Royalties And Investments nomme Jonathan Bixby au poste de PDG

    May 5, 2025

    UK Investors alerted to 4.5% yield and 10% capital ap…

    July 22, 2024

    Le négociant en énergie Danske Commodities affiche une baisse de 48 % de ses bénéfices pour 2024

    April 9, 2025

    Le numérique au service du développement : catalyseur, levier ou fracture ?

    May 31, 2025
    What's Hot

    Hosken Consolidated Investments : Squirewood acquiert 1,1 million d’actions pour 144,1 millions de rands

    July 4, 2025

    “BASTARD!: Heavy Metal Dark Fantasy” Season One To Get Blu Ray Release January 21

    October 28, 2024

    Mastercard to Lay Off 1,000 Staff Worldwide Amidst Restructuring

    August 19, 2024
    Our Picks

    PropiChain’s Leading Crypto Presale is Reshaping Investor Portfolios with a Potential $100k Boost for $1k – Blockchain News, Opinion, TV and Jobs

    October 19, 2024

    Otsego County Fair continues to build on agricultural legacy

    August 16, 2024

    National Real Estate : bénéfice net de 1,2 million de dinars au premier trimestre

    May 17, 2025
    Weekly Top

    La fintech brésilienne XP poursuit le vendeur à découvert Grizzly Research à New York pour diffamation

    July 7, 2025

    Biosig Agrees to Get $1.1 Billion in Financing to Support Gold-Backed Digital Currency

    July 7, 2025

    Ares Commercial Real Estate Corp Modifie son Accord Principal de Rachat avec Morgan Stanley

    July 7, 2025
    Editor's Pick

    Trump Eyes Bitcoin Skeptic Jamie Dimon for Treasury Role

    July 17, 2024

    Crypto Payments for Salaries Now Approved in Dubai

    August 16, 2024

    United States Copper Index Fund (NYSEARCA:CPER) Trading Down 0.6%

    July 23, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.