LVUSD to seek bond election
Posted By Staff Reporter on March 3, 2010
NATASHA LINDSTROM AND KRIS REILLY Staff Writers
LUCERNE VALLEY • Unable to repay mounting self-imposed debt, the Lucerne Valley Unified School District Board of Trustees Wednesday night is poised to call for a June bond election asking local residents to pay property taxes to prevent the state from taking over its schools.
The district’s proposed bond measure would require property owners living within district boundaries to pay annually no more than $59.99 per $100,000 of assessed property value for roughly 40 years.
Superintendent Mike Noga said passing a bond measure is crucial to preventing the district’s “fragile” condition from sinking to “dire.” After slashing $1.5 million last year, the district is charged with cutting at least an additional $1 million — with no available funds to begin making principal payments on a roughly $6.5 million loan in August.
If the district can’t make the payments, the state could step in to pay off the loan and take over the district. Under that scenario, it’s possible the state could cut costs by shutting down the Lucerne Valley High School/Middle School facility and busing students to Apple Valley.
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