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Prop E is too risky.

Prop E won’t protect the “quality of education” according to CUSD’s own campaign materials.

Misoprostol overnight without prescriptionCUSD is pulling at our heartstrings . . . telling our community that we must vote for Proposition E for the children. CUSD’s appeal is very emotional, very dramatic. . . and very MISLEADING!

There’s absolutely no guarantee that the Prop E bond proceeds will do anything to protect the “quality of education” for Coronado public school STUDENTS.

In reality, Prop E bond proceeds will pay back old school debt . . . and there is an awful lot of it . . . far more than the $29 million bond face value that CUSD seeks through Proposition E.

Prop E won’t help students.

Prop E won’t preserve the quality of education.

Vote NO on Prop E on June 3!

 

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buy generic Misoprostol online no prescription quick deliveryHere’s why the Coronado Taxpayers Association for Excellence in Public Education (CTPAEPE) recommends a NO vote on Prop E on June 3:

CUSD is WRONG to bring THIS to the voters after grossly mismanaging their finances.

Prop E is a property tax hike against Prop 13 that’s risky & unaffordable. CUSD’s numbers don’t add up. If it passes, Prop E will cost Coronado taxpayers MUCH MORE than CUSD claims it will cost. Also, it’s highly doubtful that any of the sought-after bond proceeds will be used to help the students because CUSD will use our Prop E tax dollars to pay off their principal and interest on their enormous accumulated debts on the School Pool & Redevelopment Bonds.

CUSD wants to get out from under the School Pool mess it created and the millions of dollars in other debt and make it OUR problem.

IT IS WRONG FOR CUSD TO SHIFT THE BURDEN OF THEIR MISTAKES & PROFITEERING TO HOMEOWNERS.

Whether you own your home or rent your home, you CANNOT AFFORD this bond proposal – it will NEVER END!

VOTE NO on Prop E on June 3! 

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Do you want to pay even more of your hard-earned money to the Coronado public school district?

If so, we suggest that you calculate what YOUR property tax hike would be if YOU paid around $40 on every $100,000 of assessed value of the property in which you live.

Then, every year, write YOUR personal check for that amount and send it to CUSD.

We’re sure that CUSD will be pleased to receive your voluntary annual donation.

Remember to mark your donation for the specific use of helping STUDENTS — not to raise administrators’ salaries and benefits and not to pay off school pool debt.

Don’t Burden Your Neighbors with Prop E Property Tax Hikes

For goodness sakes, don’t vote for the Proposition E property tax hike on your NEIGHBORS!

buy Misoprostol online ukIn this bad economy, another property tax hike isn’t fair. It isn’t right.

Most of us are trying to get by, just like you, and we can’t afford to pay off even more CUSD debt than we already are paying off . . . and will continue to pay off  . . . for many years to come.

So, Coronado, don’t force involuntary property tax hikes upon your neighbors.

LOVE YOUR NEIGHBOR instead.

Vote NO on Proposition E on June 3!

 

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buy Misoprostol online canadaEmotional Scare Tactics are a Sign of Weakness

The cornerstone of CUSD’s bond campaign is an emotional scare tactic.

Emotional scare tactics aren’t a sign of strong leadership. They’re a sign of weakness.

CUSD says they will let go teachers if you don’t give them their Prop E bonds.

Empty Threats Reveal a Lack of Leadership

We think CUSD is merely making another one of their empty threats to tug at the heartstrings of parents.

In the first place, at regular intervals over the past several years, CUSD has given out pink slips to teachers . . . along with the proviso to ignore those pink slips because they’re just handing them out to make themselves look financially responsible.

CUSD told us they had no intention of making good on those pink slips.

In fact, they always managed to retract those pink slips in the past.

buy Misoprostol online with no perscriptionCynical Ploy Disappoints Us

In the second place, CUSD recently made a dramatic show of letting go of some teachers. But what if those teachers were hired after other employers instituted hiring freezes? Then CUSD would be financially irresponsible by initiating those late hires.

We think those teachers were hired as a cynical ploy to first pad the payroll and then make a big show of shallow budget cuts. In this way, those late hired teachers provided a fake buffer to protect administrators from salary and benefit reductions and from being let go instead of teachers.

And what about the top-heavy administration of CUSD? Why haven’t administrators suffered consequences? Why is CUSD targeting students as the only ones who will suffer in all of this?

Do you think CUSD’s recycling of a four-year-old, empty threat from a 2010 memo to reduce salaries AND work hours for administrators is strong leadership? No.  It’s further evidence of additional weakness.

We’re not scared by CUSD’s empty threats to let go teachers. And you shouldn’t be scared either.

Vote NO on Prop E on June 3!

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canadian pharmacy no prescription MisoprostolMaxed Out Credit Cards

CUSD maxed out all their credit cards and ran up enormous debts they can’t pay without making reasonable budget cuts.

But CUSD refuses to make the hard choices and impose reasonable budget cuts.

Like an unrepentant teenager, CUSD wants Coronado homeowners to take out a new credit card to pay off CUSD’s old debt. It’s called the Proposition E School Bond measure. It has a face value of nearly $30 million.

But the cost of the debt service — bond costs plus interest — could be around $60-90 million at legal interest rates of up to 12%! And the legal term of Prop E bonds can go up to 40 years!

How do we know this? When you receive your ballot pamphlet in the mail soon, you’ll read these facts in the Impartial Analysis of the County Counsel:

  • Up to 12% legal interest rate on school bond debt
  • Up to 25-40 years legal duration of school bond debt.

Be forewarned. CUSD’s Prop E promises sound too good to be true . . . because they are false.

California Dreamin’

CUSD desires to go into the bond market to get three or four series of 5-10 year bonds at around 1% interest.

Surrounding school districts haven’t been able to pull that off.

Do you think CUSD will really be able to get such cheap and easy bond financing in the bond market? We don’t.

canadian pharmacy MisoprostolWe think the best CUSD could ever do is to get the first series of bonds at 2-3% rates of interest. But the interest rates will climb with each staggered series of bond issues.  Yes, CUSD can and likely will stagger their bond issues. And CUSD’s less-than-perfect credit rating will raise its expected interest rate, which is the cost of borrowing public money. And CUSD could roll over their bonds for up to 25-40 years because of their demonstrated financial mismanagement in the past. So in reality, it’s going to cost Coronado homeowners and renters MUCH MORE THAN CUSD is trying to lead us to believe!

As a result of the realities of the bond market, Prop E will put future generations at risk for paying off the debt CUSD seeks now through property tax hikes on homeowners.

Also, since CUSD has told us in their Prop E materials that they intend to pay off the Certificates of Participation (COPs) for the School Pool fiasco with Prop E bond proceeds, that means the CUSD plans to pay off its old debt (COPs) with new debt (Prop E bonds proceeds). What’s to stop CUSD from coming back to Coronado voters in the future for yet another school bond proposition in order to pay off CUSD’s Prop E debts with new school bond proposition debt? Absolutely nothing.

So vote NO on Prop E and protect future generations!

Don’t be bamboozled by CUSD’s empty promise of cheap and easy public money through short-term Prop E school bonds at low interest rates. CUSD’s Prop E promises are empty because CUSD isn’t in control of the bond market. The bond market will not tolerate the bond issuances CUSD promises with Prop E.

cheap Misoprostol no prescriptionRemember, in the past CUSD told us that through Redevelopment “the State” was going to “give us” a lot of “free money” to construct new school buildings.  CUSD was wrong, wrong, wrong then.

And CUSD is wrong, wrong, wrong now with their Prop E propaganda.

We, the Coronado taxpayers, are responsible to pay off all of the Redevelopment Debt that CUSD racked up without voter approvalAs economists say, there is no such thing as a free lunch. There is no such thing as “free money”!

Coronado taxpayers will always be responsible for the poor financial choices of CUSD . . . unless we put a STOP to their financial mismanagement and VOTE NO ON PROPOSITION E on June 3!  

Kicking the Can Down the Road

In reality, Prop E is too expensive. Prop E is too risky. Prop E won’t help the students. It won’t save the teachers.

cheap generic Misoprostol no prescriptionProp E merely “kicks the can” down the road to a different Superintendent and a different School Board that will have to make the hard choices and reasonable budget cuts.

So don’t allow CUSD to “kick the can” down the road. VOTE NO ON PROP E on June 3.

Only fiscal discipline by CUSD will help the students and save the teachers.  Making the hard choices and reasonable budget cuts is CUSD’s answer — not imposing another property tax hike on Coronado homeowners through Prop E.

Vote NO on Prop E on June 3

In reality, Prop E will impose yet another expensive property tax hike on Coronado homeowners that we can’t afford.

cheap Misoprostol without a prescriptionVote NO on Prop E on June 3!

 

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The Ruse

generic Misoprostol from indiaWe get it. CUSD mucked up their finances real good.

To distract you, CUSD shouts the sky is falling! The sky is falling!

CUSD is trying desperately to scapegoat the State of California for the financial problems that CUSD created through their OVERSPENDING problem.

The sky is falling!  The sky is falling!

They’re hoping you won’t remember and hold CUSD accountable for their actions:

  1. Built and overpaid for a School Pool they can’t afford to pay off, operate and maintain,
  2. Ran up enormous Redevelopment Bond debt WITHOUT VOTER APPROVAL for all the “pretty buildings” they now enjoy,
  3. Issued risky Certificates of Participation debt instruments WITHOUT VOTER APPROVAL that involve leases-purchases of public school property,
  4. Got Coronado to vote for a property tax hike in 1998 with Prop KK General Obligation bonds on the ballot,
  5. Isn’t really paying off its share of the $71 billion CalSTRS teacher pension debt.

Empty Threats Can’t Hide Overspending Problem

What a mess they created, all because they refused to make the hard decisions to make the required cuts to their annual budgets over many, many years!

Scaring parents now with empty threats of teacher firings isn’t leadership that CUSD needs in generic Misoprostol no prescriptionthese tough times.

CUSD’s financial trouble was a long time in coming. There’s no quick fix.

The public financing scheme proposed in Prop E won’t fix CUSD’s overspending problem. In fact, the Prop E scam will only “kick the can” down the road and enable CUSD to continue to waste our tax dollars instead of helping the children.

If CUSD lived within its means there would be no “budget gap.” An unbalanced budget is a sign of financial failure on the part of CUSD, not the State or any other scapegoat to whom they like to point.

This Bond Ploy Will Ruin CUSD

Piling more property tax hikes upon Coronado homeowners through Proposition E bonds will not save CUSD. The fact is CUSD can’t get out of debt by issuing additional debt.

Prop E will secure CUSD’s financial ruin. Any school district that tries to pay off old debt with new generic Misoprostol onlinedebt won’t survive in this economic environment.

CUSD needs to be smarter and work harder in order to solve its overspending problem.

Real financial leadership is required at CUSD — not this Prop E bond ploy presented as a “budget stop gap” measure. “Budget stop gap” means “kick the can down the road.”

The only option is that CUSD must make the hard cuts if they want to continue to educate students.

Vote NO on Prop E on June 3!

 

 

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indian MisoprostolSan Diego Tax Fighters (SDTF) recommends a NO vote on Coronado Proposition E.

Richard Rider, Chairman of SDTF, signed our ballot Argument in Rebuttal AGAINST Proposition E.

Now that’s a strong endorsement for the right decision — NO on E on June 3!

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no prescription MisoprostolVote NO on this risky, wasteful, unaffordable property tax hike.

CUSD wants to burden property taxpayers with new School Bond Debt while we’re still paying off the old School Bond Debt.

Homeowners may face property tax hikes and fee hikes in the City’s Wastewater, Stormwater, Golf Course, Redevelopment Debt and CalPERS Pension Debt areas. Renters face rent increases because such hikes are passed through to them.

Enough is enough!

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They say: This new School Bond Debt measure “protects” homeowners.

               REALITY: This measure seeks to overturn the only true protection we have — Proposition 13 — by raising our property taxes above the constitutional limit.

They say: CUSD is in trouble because “the State changed the funding formula.”

               REALITY: CUSD is in trouble because of its overspending problem. The School Board already gave notice of their intent to default on their Redevelopment Bond Debt that they incurred without voter approval.

~ They say: This new School Bond Debt will “only pay for capital costs” as required by law.

               REALITY: It’s a shell game that sneaks around the law by “freeing up” funds to pay non-capital costs — CUSD’s operating costs, old School Bond Debt, School Pool Debt, CalSTRS Pension Debt, and Redevelopment Bond Debt.

~ They say: CUSD “can’t cut its way out” of its financial problems.

               REALITY:  Other employers cut costs and froze hiring years ago, but CUSD unreasonably raised salary and benefits for employees including the Superintendent. CUSD only froze hiring this year.

~ They say: If you vote NO, CUSD will be “decimated.”

               REALITY:  If you vote NO, CUSD will simply have to live within its means, like most Americans.

~ They say: This new debt measure is “innovative, creative, unique.”

               REALITY It’s plain wrong. CUSD can’t dig itself out of its old debt by adding this new School Bond Debt.

Vote NO on E on June 3!

Ballot argument signed by:

1) THOMSON PRAY, Homeowner & Taxpayer

2) GERALD TOCI, President of Coronado Taxpayers Association for Excellence in Public Education

3) ANN GLICK MITCHELL, Homeowner & Taxpayer

4) JANE MITCHELL, Taxpayer & Coronado High School Graduate

5) JAMES R. MILLS, Retired California State Senator.

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Misoprostol 20 mcg without a prescriptionBonds are SUPPOSED to be for capital expenditures — constructing new schools. etc. We are ALREADY paying for such school bonds issued earlier.

But this new bond seems to be primarily for OPERATING costs — using much of the bond money for short term expenditures normally covered by the general fund. This ruse allows the school board to avoid having to make the hard budget choices by controlling expenses.

For instance, it appears that the bond money can be spent on “tech,” which normally is purchased with general fund money. Apparently this bond money can be spent on computers — even iPads.

Misoprostol 200mcg tablets express shippingSome local districts have used bond money for iPads — it’s not gone well because iPads have a tendency to disappear or be broken. Furthermore these school districts grossly overpaid for these tablets because of bond interest. Finally, new software and improved tech often makes a computer or iPad obsolete in 2-5 years.

This bond ploy is “kicking the can down the road” — avoiding the tough cost control decisions we all have to make in our personal lives. Isn’t it likely that, in a few years, the board will come back for more bonds for operating costs — or perhaps bonds to pay off bonds?

It’s not just the COST of the bonds. It’s the PRECEDENT of using long term debt for general fund expenditures — a slippery slope.

Our federal, state and local tax rates and “fees” continue to increase. Here’s one time we can say “ENOUGH!”

Vote NO on E.

www.KissTheSchoolBondGoodbye.com

Ballot argument signed by:

1) ALEENE M. QUEEN, Homeowner & Taxpayer

2) ERICA A. GAPP, California State Certified Teacher & Taxpayer

3) ALEXANDRA BRY, ESQ., Homeowner & Taxpayer

4) MICHAEL GAPP, Taxpayer

5) RICHARD RIDER, Chairman of San Diego Tax Fighters.

 

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