FOR IMMEDIATE RELEASE
DATE: February 28, 2020

CONTACT:   Dirissy Doan, Government Affairs Director, Orange County REALTORS®
Phone: 949-586-6800 ext 119
Email: Dirissy@ocrealtors.org

Orange County REALTORS® Board of Directors Votes Unanimously to Oppose Ballot Measures H, I, and M, and Proposition 13 (2020)

The Orange County REALTORS® Board of Directors voted to oppose local school facility bonds Measures H, I, M, and the statewide school bond Proposition 13 (2020) which appear on the March 3rd primary ballot in Orange County.

Measure H was placed on the ballot by the Capistrano Unified School District (CUSD) Board of Trustees. If approved by the 55 percent of the voters, it would authorize the District to borrow up to $120 million to repair and modernize CUSD schools located in San Clemente and Capistrano Beach.

Measure I was placed on the ballot by the Capistrano Unified School District (CUSD) Board of Trustees. If approved by 55 percent of the voters, it would authorize the District to borrow up to $300 million to repair and modernize CUSD schools located in Aliso Viejo, Dana Point, and Laguna Niguel.

Measure M was placed on the ballot by the Saddleback Valley Unified School District (SVUSD) Board of Trustees. If approved by 55 percent of the voters, it would authorize the District to borrow up to $495 million to repair, improve, and modernize SVUSD schools located in the County of Orange and in Aliso Viejo, Irvine, Laguna Hills, Laguna Woods, Lake Forest, Mission Viejo, and Rancho Santa Margarita.

California Proposition 13: School and College Facilities Bond (March 2020) was placed on the ballot by the California State Legislature. If approved by 55 percent of the voters, it would authorize the issuance of $15 billion in state general obligation bonds for school and college facilities, including $9 billion for preschools and K–12 schools, $4 billion for universities, and $2 billion for community colleges.

Expressing concerns about the total amount of bonded indebtedness, the amount by which payment on these new bonds will increase property taxes annually, the way in which this increase may affect housing affordability, and the amount that interest on these bonds will cost homeowners over the lifetime of the bonds, members of the Local Government Relations South Committee voted at its meeting on February 3 to recommend that the Orange County REALTORS® Board of Directors oppose all four of these items, which the Board voted to do at its regular meeting on February 26th.

Here is the link to the Press Release.

For more about the opposition to CUSD’s Measures H & I go to http://www.nocusdbonds.com or http://www.capokidsfirst.com or on Facebook to CapoKidsFirst.

For more about the opposition to Saddelback Valley’s Measure M go to Facebook at No on Measure M Tax