Measure I 06/02/26

Impartial analysis by County Counsel of Measure I

Sausalito Marin City School District Bond Measure Election

Measure I

This Measure was placed on the ballot by the Board of Trustees of the Sausalito Marin City School District.

Pursuant to Article XIIIA (1)(b)(3) of the California Constitution, if this measure is approved by 55% of the votes cast, the Sausalito Marin City School District will be authorized to incur bonded indebtedness of up to twelve million five hundred thousand dollars ($12,500,000) with an interest rate not to exceed the limit set by law.

Money raised by bond sales may only be used for the purposes and projects stated in the bond Project List set forth in Measure I. These purposes and projects include improvement and maintenance of local play fields and recreation facilities, as well as upgrading facilities to meet current health and building safety codes, and access for students with disabilities. As required by law, Measure I prohibits using bond proceeds for teacher and administrator salaries or other operating expenses.

The District estimates the average projected tax rate necessary to fund the bonds will be $8 per $100,000 of assessed value of property while the bonds are outstanding. This estimate is a projection, and could go up or down, depending on a number of factors including the timing and amount of bond sales, as well as changes in assessed property values in the District. The District estimates the annual debt service (including the principal and interest) will be approximately $860,000.

The interest rates on bonds must not exceed the limit of 12% and the bonds must mature within 40 years, as set by state law. The actual interest rates at which the bonds are sold will depend on the bond market at the time of each sale.

The Measure requires annual independent financial audits and spending review by an independent citizens’ oversight committee.

s/BRIAN E. WASHINGTON
County Counsel

Tax rate statement of Measure I

SAUSALITO MARIN CITY SCHOOL DISTRICT GENERAL OBLIGATION BONDS

MEASURE I

An election will be held in Sausalito Marin City School District (the “District”) on June 2, 2026 for the purpose of submitting to the electors of the District the question of incurring bonded indebtedness of the District in the principal amount of $12,500,000. If such bonds are authorized and sold, the principal thereof and interest thereon will be payable from the proceeds of taxes levied on the taxable property in the District. The following information regarding tax rates is given in compliance with Section 9401 of the California Elections Code. This information is based upon the best estimates and projections presently available from official sources, upon experience within the District and other demonstrable factors.

Based upon the foregoing and projections of the assessed valuations of taxable property in the District, and assuming the entire debt service on the bonds will be paid through property taxation:

1. The best estimate of the average annual tax rate that would be required to be levied to fund the bond issue over the entire duration of the bond debt service, based on assessed valuations available at the time of the filing of this statement, or a projection based on experience within the same jurisdiction or other demonstrable factors is $8.00 per $100,000 of assessed valuation of all property to be taxed. It is estimated that the final fiscal year in which the tax is anticipated to be collected is fiscal year 2055-56.

2. The best estimate of the highest tax rate that would be required to be levied to fund the bond issue, and an estimate of the year in which that rate will apply, based on estimated assessed valuations available at the time of the filing of this statement, or a projection based on experience within the same jurisdiction or other demonstrable factors, is $8.00 per $100,000 of assessed valuation of all property to be taxed for fiscal years 2026-27.

3. The best estimate of the total debt service, including the principal and interest, that would be required to be repaid if all the bonds are issued and sold is approximately $25,800,000.

Attention of voters is directed to the fact that the foregoing information is based upon projections and estimates only. The actual timing of sales of the bonds and the amount to be sold at any time will be governed by the needs of the District and other factors. The actual interest rates at which the bonds will be sold, which will not exceed the maximum permitted by law, will depend upon the bond market at the time of sale. The actual assessed valuations in future years will depend upon the value of property within the District as determined in the assessment and the equalization process. Assessed valuation is not the same as market price of real property. Therefore, the actual tax rates and the years in which those tax rates will be applicable may vary from those presently estimated and stated above.

Voters should note that estimated tax rates are based on the ASSESSED VALUE of taxable property on the County’s official tax rolls, not on the property’s market value. Property owners should consult their own property tax bills to determine their property’s assessed value and any applicable tax exemptions.

Dated: February 12, 2026

LaResha Huffman
Superintendent
Sausalito Marin City School District

Argument in favor of Measure I

Our Marin City and Sausalito children and local youth sports teams lack adequate and safe playfields. Measure I will provide dedicated local funds to renovate and revitalize Phillips Field, Marin City’s only playfield, which is currently unsafe for use.

Measure I is the culmination of public feedback and collaboration with community members, educators, youth sports teams, and civic organizations to develop a cost- effective plan for the Sausalito Marin City School District to improve playfields for local children.

Phase one of the plan has been approved by the State Architect, meaning construction can begin as soon as funding from Measure I is secured. Projects include:

• Upgrading Phillips Field to meet current health and safety standards
• Renovating approximately 140,000 square feet of existing field space to include fields for mixed use including flag football, soccer, lacrosse, baseball, softball and other activities
• Improving safety and security standards, including lighting, parking, shade structures and fencing
• Adding accessible bathrooms and hydration stations
• Providing access to individuals with a disability
• Building a 400-meter track
• Undergrounding electrical and improving storm water retention and flood prevention

Quality playfields and recreation facilities help kids stay active and healthy and improves the quality of life for residents of all ages. The cost of Measure I is affordable, less than $8 per $100,000 of assessed value (not market value) - approximately $8 per month for the typical homeowner.

All money raised by Measure I will stay in our community and can only be used for Phillips Field. Measure I requires a transparent system of accountability by an independent Citizens Oversight Committee of local residents and taxpayers to ensure funds are spent properly and effectively.

Our entire community will benefit from improved safe playfields and recreation facilities. Keeping them safe, clean, well-maintained, and accessible helps make our community vibrant and protects home values.

Please vote YES on Measure I.

JARED HUFFMAN
Congressman, California 2nd District

LEAGUE OF WOMEN VOTERS OF MARIN COUNTY
Becky Bingea, President, League of Women Voters of Marin County

JOAN COX
Sausalito City Councilperson

IDA TIMES GREEN
Marin City Native and Past President, Sausalito Marin City School District

PAUL AUSTIN
Founder and Executive Director, Play Marin

Argument against Measure I

No argument against Measure I was filed.