The possibility of a future bond measure in the Placentia-Yorba Linda Unified School District was mentioned at an October study session dealing with the 34-campus district\u2019s current and future facilities projects.<\/p>\n
The facilities report was presented by Joan Velasco, interim assistant superintendent of business services. A portion of her report noted the district\u2019s current bond debt and when the outstanding bonds will be retired.<\/p>\n
Current bond debt stands at nearly $196 million, she reported, with some $17.7 million to be paid off from 2026 to 2028. Another $105 million will be retired from 2029 to 2034. Payoffs for the remaining $73.1 million debt will come in stages: $50.3 million by 2039; $689,000 by 2041; and $22.1 million by 2049.<\/p>\n
A potential bond election was mentioned in a section of Velasco\u2019s report outlining \u201cfuture funding considerations.\u201d<\/p>\n
\u201cThe board may begin to consider the need to go for a future bond,\u201d she said, adding, \u201cIn the last decade, an average of 59% of local school bonds passed in any given year.\u201d<\/p>\n
Money gained from bond sales can be used only for capital projects and not for employee salaries or to support student programs. Bonds need a 55% majority vote to pass if the district creates a bond oversight committee to monitor bond spending.<\/p>\n
District voters last approved bond sales with margins in excess of the required 55% in 2002 and 2008. The approvals resulted in the district receiving some matching funds from the state.<\/p>\n
The $102 million Measure Y passed in 2002 with a 65.7% \u201cyes\u201d vote. Funds were used to modernize 22 schools, including 15 elementary, four middle and three high school campuses.<\/p>\n
Also, the bond sales helped fund four new campuses: Melrose and Lakeview elementary schools, Valadez Middle School and Yorba Linda High School.<\/p>\n
Six years later, the $200 million Measure A passed with a 56.9% \u201cyes\u201d vote. Funds were used for projects of varying costs on all district sites, including facility refurbishments and technology updates.<\/p>\n
Interestingly, voters in Yorba Linda gave the measure a 52.5% \u201cyes\u201d vote, 573 votes less than the required 55%, and voters in the Fairlynn and Country Club county islands gave the measure a 54.7% \u201cyes\u201d vote, three votes shy of the required 55%.<\/p>\n
The measure passed because of the \u201cyes\u201d tallies in Placentia and the small portions of three other cities in the district and other county territory: 60.2% in Placentia and 66% in Fullerton, 57% in Brea, 64.2% in Anaheim and 57.2% in other county territory.<\/p>\n
***<\/p>\n
Yorba Linda was the only municipality in the seven-city circulation area of the North County News-Tribune to oppose the Proposition 50 redistricting measure on the Nov. 4 ballot.<\/p>\n
Voters in Brea, Buena Park, Fullerton, La Habra, La Palma and Placentia gave majority votes to the proposition.<\/p>\n
A rundown for each city, including turnout and vote center and mail-in tallies, will appear in my next column.<\/p>\n
Jim Drummond is a longtime Yorba Linda resident. He gives his opinion on local issues weekly. Send e-mail to jimdrummond@hotmail.com.<\/p>\n","protected":false},"excerpt":{"rendered":"The possibility of a future bond measure in the Placentia-Yorba Linda Unified School District was mentioned at an…\n","protected":false},"author":2,"featured_media":62481,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[163,165,164,7,12964,611,77,7537],"class_list":{"0":"post-62480","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-anaheim","8":"tag-anaheim","9":"tag-anaheim-headlines","10":"tag-anaheim-news","11":"tag-california","12":"tag-jim-drummond","13":"tag-orange-county","14":"tag-uncategorized","15":"tag-yorba-linda"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/62480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=62480"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/62480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/62481"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=62480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=62480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=62480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}