Thursday, September 24, 2020

Community Voices: Prop E – A Wise Investment


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.

- Advertisement -

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.

If you care to be further informed on this crucial measure, I found this website to be very helpful:

- Advertisement -

YES on E, FAQ’s

*Median assessed values for Coronado single family homes and condos (and overall data for percentage analysis) is from the San Diego County Treasurer/Assessor’s office.

- Advertisement -

Related stories: Prop E

-----
Do You Value Local News?
Become a Paid Supporter

Keep it civil. Comments may be removed or closed if they violate Terms of Service.

Advertisement

LETTERS TO THE EDITOR

Endorsement for Stacy Keszei for Coronado Unified School Board

Submitted by Matthew GriffithPlease accept this letter as an endorsement for Stacy Keszei for Coronado Unified School Board. Having personally known Stacy and her...

Golf Course Water Recycling – Story Poles Misleading

Submitted by Ann WilsonI watched last week’s Golf Course Advisory Committee Meeting on Coronado TV with interest as city staff was presenting information about...

Strong Support for Nick Kato for Coronado School Board

Submitted by Jon Palmieri & Cara ClancyWe are writing to affirm our strong support for Nick Kato for Coronado School Board. Having lived in...

A Thank You to the Coronado Police Department

Submitted by Sebastian Taylor  Coronado Police Department; I Wish I Was Suprised, I'm Not...A few days ago, I witnessed something, something which, to many would...

NEW STORIES

San Diego County to Remain In Red Tier

After being on the brink of falling into the most restrictive Purple Tier, San Diego County will remain in Tier Two, or the Red...

National Voter Registration Day – Sept. 22, 2020

The fourth Tuesday in September is National Voter Registration Day, that's today, September 22, 2020. It's a reminder that you must be registered to...

Artist Profile: Dave Samara, Bagpipes (video)

The plaintive call of bagpipes, yes bagpipes, sings out on Orange Avenue most Saturday afternoons as musician Dave Samara seeks to help a local...

Voting and Ballot Drop-Off Locations for Coronado

The City of Coronado will have two locations to drop-off your ballot:Coronado Library, located at 640 Orange Avenue - do not put in...

John Duncan Dreams Big: City Council Candidate Talks Housing, Beach Pollution, Tourism and Diversity

For John Duncan--who’s running for Coronado City Council--it was all a dream.In 2006, before he lived here full-time, Duncan rented a historic home on...