The June 13 actions of the Bonsall Unified School District board included unanimous approval of a resolution for the exchange of property tax revenues from the Fallbrook Union High School District to the new Bonsall Unified School District.
“It’s just another technical issue,” said Bonsall superintendent Justin Cunningham. “We had to get it done.”
The transfer of the current Bonsall Union School District territory from the Fallbrook Union High School District to the Bonsall Unified School District will be effective July 1, 2014. The property tax year covers July 1 through June 30, so the change will be effective for 2014-15 tax bills.
Currently property owners in the Bonsall Union School District pay a portion of their property tax for use by the Bonsall Union School District and a portion to the Fallbrook Union High School District. The distribution from the current one percent base assessment includes revenue for both of those school districts.
In addition to the one percent base assessment, both current districts have general obligation bonds which are repaid through property tax levies. The Fallbrook Union High School District voters approved a bond in 1994 and the Bonsall Union School District bond was approved in 2005. The FUHSD bond will be repaid by all property owners of the district as it was in 1994. “Bonsall will still have to pay on that bond,” Cunningham said.
The assessment for the FUHSD bond will still appear as Fallbrook Union High School District on property tax bills.