sunnyside stands for education $88 million bond m&o override

Sunnyside

stands for education

$88 million bondM&O override

Givens

•Election for Governing Board member

•Election for reauthorization of M&O override

•Election for capital bond for $88 million

Sunnyside stands for education Where do you stand?

November 2011 November 2011 electionelection

With significant cuts in state funding for K-12

education, school districts are being forced to

look to their own taxpayers to fund services,

facility construction and renovations, busses

and technology needs.

Sunnyside stands for education| Where do you stand?

State funding plummetsState funding plummets

November 2011 election will ask for reauthorization of 10% override

On November 8, 2011, Sunnyside District voters will be asked to reauthorize the Maintenance & Operations (M&O) budget override to start a new seven-year cycle.

Voters first approved the override in 1987 and have approved reauthorization four times since then.


Reauthorization of 10% overrideReauthorization of 10% override

10% override = $8 million per year

The seven-year cycle includes a phase-out in years 6 and 7, reducing funds to $5.4 million, then $2.8 million, and then zero.

If not reauthorized in November 2011, funding will begin to phase out in 2012-13.

Override funding pays mostly for salaries – for counselors, physical education teachers, additional teachers, security monitors and support staff, a day of student instruction and two teacher training days.


Reauthorization of 10% overrideReauthorization of 10% override

The district has the opportunity to go for a 15% override which would provide an additional $4 million per year. This additional funding would help the district return to funding levels of 2003, before the state’s drastic budget cuts.

A 15% override would help the district:

•Maintain positions

•Maintain salaries and possible salary

increases

•Maintain class size goals of 2008

•Reduce the need for furloughsSunnyside stands for education| Where do you stand?

Opportunity of a 15% overrideOpportunity of a 15% override

Average taxpayer cost for override & bond is less than $1 per day

Currently, the owner of a home valued at $100,000 pays approximately $138 per year in secondary property taxes - $1.38 per $100 of assessed valuation - to repay existing bond debt for bonds approved by voters in prior years’ elections. Voters approved a $24 million bond in 1998 that included $16 million for technology; it will be paid off by July 2015.

The same owner is also paying $158 per year - $1.58 per $100 of assessed valuation - for the seven-year budget override that was approved in 2007 and will begin to phase out in 2012-13 if not reauthorized by voters.


Average taxpayer pays less than $1 per dayAverage taxpayer pays less than $1 per day

Businesses pay $2.50 for each $1 of residential secondary property tax

Of all secondary property taxes collected in the Sunnyside District:

•62% are paid by commercial property owners •25% are paid by residential property owners•14% are paid by others (rental property)

Residential property is taxed at 10% of its value. Commercial property is taxed at 21% of its value.Sunnyside stands for education| Where do you stand?

Businesses pay 62% of secondary taxesBusinesses pay 62% of secondary taxes

Bonds are sold by the district to investors, and the proceeds are used to fund capital expenses. The principal and interest are repaid to the investors through secondary property taxes.

Bonds can be sold in phases over 10 years with flexibility in relation to the market and can be paid back in 20 years.

Interest costs can be minimized by selling bonds earmarked for technology for five years.


What is a bond?What is a bond?

A new bond will not increase secondary taxes

Of the total $88 million:

•$28 million for technology needs for the next 10 years

•$10 million to purchase new busses

•$10 million for athletic facilities

•$40 million for facility upgrades throughout the district

The Governing Board will take action by June 14 on calling for a bond election in November.


Sunnyside stands for educationSunnyside stands for education

Sustaining a tech-savvy district

$28 million of the total $88 million bond would be used to sustain and expand the Sunnyside District’s transformation through technology.

SUSD has gained state and national recognition for its bold initiative, Project Graduation: The Digital Advantage, that was launched in 2007.

In 2010, the district began implementation of one-to-one computing by assigning netbook computers to every fifth-grader. A strategic three-year technology plan will expand one-to-one computing to all students in grades 5-12.




Bond funds for technology will allow the district to: •sustain one-to-one computing with the refresh purchase of new laptops in future years

•upgrade the technology infrastructure

•install classroom computers for students in grades K-

4

•equip 21st century classrooms

•move to a paperless educational and business model

•provide classified employees with laptops

•refresh laptops for certified employees Sunnyside stands for education| Where do you stand?



$10 million for school busses would include technology for a student rider card system, GPS and on-board computers.

$10 million would be used to upgrade athletic facilities.

$40 million would be used for facility upgrades at all school sites, safety and security, and energy conservation.

A Bond Advisory Committee will make recommendations to be presented to the SUSD Governing Board.



Areas of improvement•Technology•Facilities

•Athletic facilities•Needs at sites•New schools? Elvira and Los Ranchitos•Community use of facilities

•Busses•Safe and orderly•Energy conservation



sunnyside stands for education $88 million bond m&o override

Documents

override funding

sunnyside district voters

override bond

year budget override

secondary property taxes

physical education teachers

additional funding

residential property