Prop E, A Wise Investment - Coronado Eagle & Journal | Coronado News | Coronado Island News: Opinion

Prop E, A Wise Investment

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Posted: Wednesday, April 2, 2014 11:05 am

“As an involved parent of three young children and a Coronado homeowner, I am hearing some concerned views about the cost of the school bond measure on the June ballot. Proposition E is about one thing: protecting the outstanding quality of education in Coronado schools from severe cuts and long-term harm.  

Let’s consider these facts about Prop E  The bond would cost property owners $40.00 per $100,000 of assessed property value. As we know, assessed home values are what we are taxed on and are generally much lower than current market values. The median (1/2 above, 1/2 below) assessed value of single family homes and condos in Coronado is about $615,000, which equates to $246 per year. Of note, approximately 75% of all Coronado single family homes and condos are currently assessed below $1M. The cost of Prop E will be less than $400 per year for those 75% of homeowners, and in fact will be significantly less than that when you deduct it from your annual income taxes.  

We all care about costs, but whether or not you have school-aged children, this bond is a wise investment to not only protect the quality of their education but also preserve home values in our vibrant community.  The State of California created this current problem, not our school district. Let’s solve it locally - together - and pass Prop E.”

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Welcome to the discussion.

1 comment:

  • P_Coronado Res posted at 10:00 am on Mon, Apr 7, 2014.

    P_Coronado Res Posts: 1

    Not that I am opposed to school funding (as I have an elementry school student) but your article lacks any detail of what the money for another tax will be used for? Please disclose what the true nature of what the funding is for. As a homeower who is already over taxed, I am concerned that this is another way to erode Prop 13. As a Californian we pay some of the highest taxes on income, gas, hotels, sales and property. As for your median price of $615,000. seens low as Zillow reports that the median price home in Coronado is $1.33 million about double of what you are reporting? (2/28/14) Again, I am not opposed to funding education, but lets put all the facts on the table,