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Measure G Acquisition and improvement of real property Morgan Hill Unified School District Bonds 8,781 / 62.9% Yes votes ...... 5,179 / 37.1% No votes
See Also:
Index of all Measures |
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| Infomation shown below: Impartial Analysis | Arguments | Tax Rate Statement | | |||||||||
In order to permit the Morgan Hill Unified School District to finance
construction of a new high school, renovations to Live Oak High
School, and construction of a new elementary school, shall the District
be authorized to incur bonded indebtedness for the acquisition and
improvement of real property for authorized school purposes, in the principal
amount of $70,000,000, to bear interest at rates not exceeding the
statutory maximum?
The Morgan Hill Unified School District proposes to issue bonds not to exceed $70 million with maturity not to exceed twenty-five years for bonds issued pursuant to Education Code section 15100 with annual interest within the legal limit. The bonds would be repaid through a property tax based upon the taxable value of real property and the improvements thereon. A "yes" vote is a vote to authorize the issuance and sale of the general obligation bonds not to exceed the principal amount of $70,000,000.00. The funds derived from the sale of the bonds would be expended to finance construction of a new high school, renovations to Live Oak High School, and construction of a new elementary school. A "no" vote is a vote not to authorize the issuance and sale of said bonds.
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| Arguments For Measure G | Arguments Against Measure G | ||||||||||||||||||||||||||
| The children of Morgan Hill Unified School District need your YES vote
for Measure G
Morgan Hill Unified School District continues to grow. Elementary and secondary schools are critically overcrowded.
Approval of Measure G will:
1. Why are they pushing this bond AGAIN? Are they afraid the current enrollment will decline because of the impact of private schools? Also, Measure B may end in 1999 with a $2,000,000 surplus! 2. What are the facts about capacity? The capacity figures in this district are constantly changing. From 1989 to 1995, the Morgan Hill Unified School District invested $39,000,000 in school facilities, including El Torro (capacity 641), yet the overall reported student capacity declined. Nordstrom's capacity alone dropped by 232. Live Oak, built for 1300 students, has been upgraded and current capacity is about 1900. Last year, this district rented surplus classrooms to the County. 3. Why do they keep us in the dark? Would they lose support if voters KNEW where the new high school was to be built? Who will go to this school? How will they staff and maintain new schools? Less costly options were not presented. 4. Will Morgan Hill Unified School District continue to grow and at what rate? We just don't know! This measure is premature. According to Santa Clara County's General Plan, NO urbanization of Coyote Valley is expected in the next 15 years. The rate of new homes being built in Morgan Hill will return to Measure P limits. The district NOW has money to build an elementary school and enlarge Live Oak!! It's not where, it's what and how you teach kids.
| The Morgan Hill Unified School District says "Just trust us". Experience
says NO. Consider these fact:
Vote NO on Measure G
President-Advocates for a Better Education
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| Tax Rate Statement | ||||||
| An election will be held in the Morgan Hill Unified School District
(the "District") of Santa Clara County on November 3, 1998, for the purpose
of authorizing the sale of $70,000,000 in general obligation bonds. The
bonds would be payable from tax levies made upon the taxable property in
the District.
The following information regarding tax rates is given to comply with Section 9400 to 9404 of the Elections Code. The best estimate of the tax rates which would be required to be levied to fund the bond issue and an estimate of the year in which such rates would apply, based on a projection of assessed valuation based on information presently available from official sources, upon experience within the District, and other demonstrable factors, expressed as a rate per $100 of assessed valuation, is as follows:
These estimates would result in an average annual tax rate over the life of the bonds of 7.1 cents per $100 of assessed valuation. The taxes estimated above would not increase the tax rate currently levied by the District on taxable property. The actual tax rates and the years in which such rates are applicable may vary from those currently estimated, due to variations from the official projections and estimates in the timing of bond sales, the amount of bonds sold at any time, the interest rates on the bonds, and the assessed values in the several future years during which the bonds are to be repaid. The estimates are based upon projections and are not binding upon the District. The actual timing of the bond sales and the amount of the bonds sold at any time will be governed by the needs of the District and the then-applicable debt limit. The actual interest rates on the bonds will be based on the market tax-exempt interest rates at the time of the sale of the bonds. The actual assessed values during the several future years will depend upon the amount of taxable property within the District and the value of that property as determined in the assessment and equalization process.
CAROLYN MCKENNAN
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Created: February 16, 1999 18:55
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