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Election Roundup: Alaska Voters OK $997M Bonds

NOV 3, 2010 5:23am ET
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NEW YORK – Voters in Alaska appear to have approved $997.2 million of bonding, with the latest results showing 62% approved the $600 million Proposition A, which would provide funds for veteran residential mortgages and 59% in favor of Proposition B, which will provide $397.2 million of bonds for library, educational and research facilities.

In Texas, the San Antonio Independent School District received voter permission to float $515 million of bonds for renovations and technology updates, according to preliminary results. Voters in the Judson ISD were not as compliant, rejecting all three proposals, a total of $198.8 million of bonds. The vote on Katy ISD’s $459.8 million of bonds seemed headed for victory, with nearly 52% of the vote, according to the latest results. In Midland County, it seems voters rejected a $375 million bond issue that would have been used to create a fresh water supply district. The Cypress Waters Municipal management District approved the sale of $180 million bonds.

In Washington state, voters appear to have rejected Referendum 52, which would have allowed the sale of $505 million of bonds to be paid for by extending a sales tax on bottled water. In unofficial results, nearly 57% of voters rejected the plan.

In California, dreams of bonds backed by marijuana taxes went up in smoke as Proposition 19 failed. Ohlone Community College District voters appeared to have approved $349 million of bonds, with a 62% majority, with 55% required for passage. San Jose Evergreen Community College District voters seemed to have approved $268 million bonds with 59% of the vote in unofficial results. San Marcos Unified School District voters approved $287 million of bonds 61% to 39%. Fresno USD voters were overwhelmingly approving $280 million of bonds. Berkeley USD voters also gave their backing to $210 million of school bonds. San Mateo Union High School District voters approve $186 million of bonds. Anaheim City School District voters okayed $169.3 million bonds. In Western Placer USD, voters rejected plans to issue $163 million of bonds. South San Francisco USD voters approved $163 million of issuance. Atascadero USD voters seemed to be passing $117 million of bonds. Monterey Peninsula USD voters also looked like they approved $110 million of bonds. Pittsburg USD voters gave a green light to $100 million bonds. Centinela Valley Union High School District voters approved $98 million of bonds. Rialto USD voters approved $98 million bonds. Claremont USD voters rejected $95 million of issuance. Emery USD appeared to get approval for $95 million.

In Colorado, voters rejected Amendment 61, which would have banned all borrowing by the state. Voters also turned down Amendment 60, which would reduce property tax levies for schools, and Proposition 101, which would reduce the state income tax and eliminate or reduce vehicle fees and taxes, and eliminate or reduce state and local telecommunication fees and taxes. Poudre SD R-1 voters agreed to $120 million in bonds.

Lubbock, Texas, ISD voters approved $198 million of bonds with 51% of the vote. Liberty Hill ISD voters also approved an $86 million school bond. Corpus Christi ISD voters okayed $125 million of bonds. Georgetown ISD voters approved $90.1 million of bonds. Austin voters seemed to be approving $90 million of bonds for transportation. San Antonio voters agreed to $90 million of bonds to expand the Edwards Aquifer.

In Illinois, DuPage County Community College District 502 voters approved $168 million of bonds.

In North Carolina, Charlotte voters approved $203.6 million of bonds, including $156.6 million for roads and sidewalks, $32 million for neighborhood improvement, and $15 million for affordable housing.

In Arizona, voters in Mesa approved $201.7 million in bonds, including $98.8 million for sewers, $48 million for natural gas system repairs, $39 million for sewers, and $15.9 million for electric systems. Voters also approved a plan to build an $84 million spring training facility for the Cubs. Scottsdale USD 48 voters approved $118 million of bonds, while Kyrene ESD 28 voters approved $116.95 million of bonds.

New Mexico voters rejected the largest bond referenda, $155.6 million, and approved three small ones totaling about $20 million.

Madison, Wis., Area Technical College District voters approved $133.77 million of issuance.

Duluth ISD 709, Minn., voters appear to have rejected $128 million of bonds.

Oregon voters nixed a $125 million bond referenda for Tri-County Metro Transportation District.

Fairfax County, Va., voters approved $120 million of transportation bonds, while Arlington County voters said yes to $102.888 million of school bonds.

Groveport-Madison Local School District, Ohio, voters rejected a $113.7 million bond sale.

Baltimore County, Md., voters approved $284.9 million of  bonds, including $104.5 million for schools, $68.1 million for streets and highways, $37.8 million for public buildings, $32.7 million for community colleges, $17 million for community and economic development, $8.7 million for waterways, $6.1 million for refuse disposal, and $5 million each for land preservation and parks and greenways.

Prince George’s County, Md., voters approved $267.8 million bonds including $85.8 million for public safety, $62.3 million for roads and bridges, $42.2 million for community colleges, $28.7 million for environmental facilities, $25.3 for buildings, and $23.6 million for libraries.

Kansas City voters approved renewing a quarter-cent sales tax to fund public safety and also voted to sell $100 million of bonds to get the projects started.

In Oregon Proposition 72 had a 58.5% to 41.5%. the measure allows the state to sell more general obligation bonds to lower borrowing costs.

Long Beach, Calif.’s Proposition D, which would raise the city's share of port revenue to 5% of gross revenue from 10% of net income, roughly $1 million to $1.5 million more a year, and would give the city more control of oil operations in the harbor, was passing.

Arkansas voters approved constitutionals amendment to repeal interest rate limits on government bonds, enable local governments to finance energy improvements at public facilities with bonds, and to issue GOs to attract economic development.

Louisiana voters approved Amendment 2, which transfers more revenues from oil and gas production taxes from the state to the parishes where the energy was produced.

In Massachusetts, voters rejected Question 3, the 3% Sales Tax Relief Act, which would have reduced the state sales tax rate from 6.25% to 3%. The unofficial results show that 57% of voters voted against it.

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