Measure B, the Menifee Union School District Bond, will be on the February 5, 2008 ballot.
If approved it will raise $31.46 million to finance the construction of three new schools wtihin the district...
- Elementary School #9 – located in the Canyon Hills Project in Lake Elsinore on Canyon Hills Drive (although located in Lake Elsinore, it is within Menifee Union School District). Local contributions to be matched by State.
- Elementary School #10 – located in the Golden City Specific Plan in Murrieta at the intersection of Meadowlark Lane and Baxter Road (although located in Murrieta, it is within Menifee Union School District). Local contributions to be matched by State.
- Middle School #3 – located north of McCall Blvd and east of I-215. Bounded on the north by Chambers Avenue and on the east by Sherman Road. Local contributions to be matched by State.
In order to pass, Measure B must receive a "yes" vote from 55% or more of the total votes.
If approved, each property owner living within the district will have to pay $17.90 for every $100,000 of assessed valuation, for 25 years, the length of the bond. So, if your property is worth $300,000, your taxes will increase by $53.70 per year.
The assessment will be based upon the actual rate of growth of the District, with a rate higher than 4% resulting in a lower payment and a rate of growth less than 4% resulting in a higher payment.
Anyone who would like to argue the pros and cons of this measure, please feel free to post a comment.