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Bond Measures and Parcel Taxes » Bond Measures & Parcel Taxes

Bond Measures & Parcel Taxes

 

The San Carlos community has supported our students by passing parcel taxes and bond measures to help fund our schools. The School Board has the responsibility to place such measures on the ballot, and Measures are then approved by the voters in any given election.

Parcel Taxes

Parcel taxes are flat amounts levied per real estate parcel (irrespective of appraised value) and the funds generated for such taxes go to the school district general fund for ongoing operating expenses. Parcel taxes must pass with a 2/3 supermajority of voters in favor and are generally in force for a specific term. Beginning with the 2020-21 fiscal year, approximately 8% of SCSD’s General Fund revenue comes from the parcel tax passed by the community in 2020. This funding has become absolutely critical in allowing San Carlos to maintain all of its core programs, fulfill its mission in serving the whole child, and provide an excellent education to all students.

  • Measure N - Passed March 2020 for a total of $334.60 per parcel, per year for 8 years.
  • Measure P - Passed May 2015 for a total of $246.60 per parcel, per year for 6 years. 
 

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Senior Citizen Tax Exemption

A Senior Citizen Tax Exemption is available for this parcel tax. In order to receive the exemption on your property tax bill, the Senior Citizen Tax Exemption form and documentation must be filed in the District Office by 4:00 pm on June 30 of the preceding year. In order to qualify, you must be at least 65 years old on July 1, the property must be listed as your permanent residence and you have claimed the homeowner’s exemption for this address. Once you file, the exemption is ongoing as long as you own the property.

Here are the steps to follow:

  1. Download the attached PDF or pick up an Exemption Claim in the District Office.
  2. Bring proof of age to the District Office and we will be happy to make a copy in the office. Proof includes driver’s license, MediCare card and birth certificate.
  3. Bring proof of residence to the District office and we will be happy to make a copy in the office. Proof of residence includes current property tax bill and Homeowner’s Exemption Claim (filed with County Assessor).

The District Office is open 8:00 am–5:00 pm Monday through Friday and closed for holidays. To find out if the office will be open prior to coming or to have any other questions answered, please call (650) 508-7333.

 

Bond Measures

Bond measures are general obligation bonds backed by ad valorem taxes, meaning they levy a percentage tax based on the assessed value of real estate. As Proposition 39 bonds, the SCSD measures have a cap of $30 levied for each $100,000 in assessed value. The Measures needed to pass with a 55% supermajority of voters in favor. The District’s Bond rating is AA. 

  • Measure H (2012) – Passed November 2012 ($72 million cap) – Full Text
  • Measure E – Passed November 2005 ($38 million cap) – Full Text

The school district can issue bonds under each measure in various series up to the total cap approved, and proceeds are used for capital projects, including modernization and upgrade of facilities. Measure H (2012) was passed to largely support the district’s 2013 Facilities Master Plan, including the building of two new school buildings.

For information on bonds issued under Measure H (2012) and Measure E by the District, click here. Information includes bonds outstanding, date of issuance, bond amount, maturity date, interest rate, total debt service and amount due at maturity.

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Bond Measure Oversight Committee 2012

Independent citizen oversight committees ensure that the district spends money as required by its local school funding measures.  To view the Standards and Poor's General Obligation Ratings, click here. 

Election of 2012: General Obligation Bonds

Measure H (2012) was a $72 million Prop 39 facilities bond placed on the November 2012 ballot by a vote of school board of the San Carlos School District. The purpose of the bond is to raise monies to add and modernize schools to relieve increasing enrollment and overcrowding. The District’s Facilities Master Plan is the roadmap to address these and many other facilities issues, which Measure H is in large part supporting.

 

Measure H (2012), was passed by at least 55% of the voters of the San Carlos School District pursuant to the provisions of the Strict Accountability in Local School Construction Bonds Act of 2000, codified at Sections 15264 and following the Education Code.  The Act requires the Governing Board of the District to appoint a Citizens’ Oversight Committee (Committee) after the successful bond election.

 

Members of the Committee included:

  • Nancy Arata
  • John Buchanan
  • Martin Miller
  • Pam Louie
  • Lauren Pachkowski
  • Robert Werner
  • Chris Woo

 

Click here for more information on the Measure H (2012) Bond Committee.