5,023 / 74.7% Yes votes ...... 1,699 / 25.3% No votes

See Also: Index of all Measures

The proceeds from the sale of the bonds will be used to construct, renovate, rehabilitate, modernize and expand classrooms, school sites and facilities. The Buena Park School District and the Orange County Superintendent of Schools has called the election for the purpose of submitting the measure to the voters within the School District for adoption. If a two-thirds majority voting on the measure approve it, the School District may proceed to sell the bonds and levy the related taxes as set forth in the Tax Rate Statement.

The above statement is an impartial analysis of Measure K. If you desire a copy of Measure K, please call the school district's office at (714) 522-8412 and a copy will be mailed at no cost to you.

Tax Rate Statement

An election will be held in the Buena Park School District (the "District") on November 3, 1998, to authorize the sale of up to $13,800,000 in general obligation bonds of the District to finance the acquisition and improvement of real property for school purposes. If such bonds are authorized and sold, the principal thereof and interest thereon will be payable from the proceeds of tax levies made upon the taxable property in the District. The following information is provided in compliance with sections 9400-9404 of the Election Code of the State of California.

1. The best estimate of the tax rate that would be required to be levied to fund the bond issue during the first fiscal year after the first sale of bonds based on a projection of future assessed valuations is $0.018 per $100 of assessed valuation in Fiscal Year 1999-00.

2. The best estimate of the tax rate that would be required to be levied to fund the bond issue during the first fiscal year after the last sale of bonds if the bonds are sold in series, and an estimate of the fiscal year in which that rate will apply, based on a projection of future assessed valuations is $0.018 per $100 of assessed valuation in Fiscal Year 2009-10.

3. 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 fiscal year in which that rate will apply, based on a projection of future assessed valuations, is again $0.018 per $100 of assessed valuation, which is projected to be the same in every fiscal year.

Attention of all voters is directed to the fact that the foregoing is based upon projections and estimates only, which are not binding upon the District. The actual tax rates and years in which they will apply may vary from those presently estimated, due to variations from these estimates in the timing of bond sales, the amount of bonds sold at any given sale, and the actual assessed valuation over the term of the repayment of the bonds. The actual time of sales of said bonds and the amount sold at any given time will be governed by the needs of the District and other factors (including market rate variations in the interest rate on general obligation bonds). Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined in the assessment and equalization process.

The Facts Are:

1. Because of changing technologies, classrooms must be upgraded to provide students with access to modern technology.

2. Classrooms throughout the District are more than 30 years old and in need of major repairs and renovations.

3. Our schools need to replace original sewer lines to eliminate backup, remove asbestos from classrooms, replace corroded water lines and improve drainage to reduce flooding.

4. Many critical support facilities such as restrooms, cafeterias, and libraries need to be modernized.

5. Old, deteriorating plumbing and electrical need to be upgraded to provide students with a safe learning environment.

The Passage of Measure "K" will:

• Upgrade classrooms to accommodate computer technology.
• Repair deteriorating classrooms and modernize restrooms, cafeterias and libraries.
• Allow our schools to continue to effectively implement class size reduction.
• Replace broken and inadequate plumbing and electrical systems.
• Make the District eligible to receive state matching funds for modernization.
• All of the proceeds of Measure "K" will be used locally and go directly to benefit the students of the Buena Park School District. Under State Law, no funds may be used for the payment of salaries or operating expenses.
• Measure "K" will allow the School District to repair schools now and avoid even more costly repairs in the future.