San Diego voters mull property tax issue
A recent NBC San Diego report revealed that the San Diego Unified School District board has unanimously approved a $2.8 billion bond measure for the upcoming November ballot. This means that San Diego voters now have a decision to make as to whether or not they will pay more property taxes to fund the schools. Those looking at real estate in San Diego should understand that while the measure is may not pass, the November election could result in higher property taxes in the future.
The school district is concerned, as it has a $122 million deficit going into this school year. The deficit almost resulted in the layoffs of roughly 1,500 teachers and employees, with the situation going as far as teachers receiving their layoff notices. However, the teacher's union and the district were able to come to an agreement and the job loss was avoided for the time being, but future staffing levels will be based in part on the results of Proposition 30 this November.
If the $2.8 billion bond measure passes, those who own real estate in San Diego can expect to pay an additional $66 for every $100,000 of their estimated property value for the next 30 years. While the money cannot be used to pay teacher or staff salaries according to state law, because of the expected financial stability that the bond would provide to the school district, it is likely the bond passing would result in an increase in staffing levels. The money would make it possible for the district to no longer be scrambling to cover its increasing deficit.
One property owner spoke to NBC of his support for the measure, saying, "I just don't think it'd be that well for our future to have uneducated people. Jobs depend on it. But I think it's a small investment and I think I'd be for it."
While the bond could result in higher property taxes, the passing could mean better San Diego school for years to come and increased job security for teachers in the San Diego job market.
The San Diego Unified School District affords residents a number of opportunities including the right to choose which school to send their child to within the district. One of the district's acclaimed programs is its Voluntary Enrollment Exchange Program, designed to promote diversity across all San Diego schools. With 222 schools in this district that provide education to roughly 131,694 students from kindergarten to the 12th grade, this upcoming election has the potential to affect a lot of lives.