23,248 / 69.3% Yes votes ...... 10,301 / 30.7% No votes

See Also: Index of all Measures

Meaning of Voting Yes/No

A YES vote of this measure means:

A "yes" vote is a vote to authorize the issuance and sale of the general obligation bonds not to exceed the principal amount of $429,000,000 for the uses specified.

A NO vote of this measure means:

A "no" vote is a vote not to authorize the issuance and sale of said bonds.

Proposition 39, approved by the voters in a statewide election November, 2000, amended the California Constitution to authorize the issuance of bonded indebtedness to acquire or improve real property, if approved by fifty-five percent of the votes cast by voters in an election. The Constitution permits the debt service on such bonds to be paid through the imposition of ad vaolorem property taxes on property located within the district. The maturity of any such bonds issued would not exceed 25 years for those bonds issued pursuant to the Education Code, and 40 years for those bonds issued pursuant to the Government Code, at a rate of interest within the legal limit. The tax rate is estimated not to exceed $60 per $100,000 of taxable property in the District as provided in the Tax Rate Statement. Since the interest rate on the bonds is determined when the bonds are sold, the exact amount of the tax increase can only be determined after the bonds are sold.

With annual audits and citizen oversight, proceeds of the bonds would be used to upgrade classrooms and replace portable classrooms, renovate restrooms, repair roofs, modernize lighting, roofs, windows, and plumbing, heating, and ventilation, removal of hazardous materials, e.g. asbestos and upgrade technology.

A "yes" vote is a vote to authorize the issuance and sale of the general obligation bonds not to exceed the principal amount of $429,000,000 for the uses specified.

A "no" vote is a vote not to authorize the issuance and sale of said bonds.

Ann Miller Ravel, County Counsel

/s/ by Kathryn A. Berry, Deputy County Counsel

Please note

The material about this Measure has been retyped from Registrar of Voters' material. There could be errors. The official material can be obtained from the Registrar of Voters.

Willow Glen Resident

• SJ District hoping Measure F approved on March 5 - 1/23/02

Libertarian Party of Santa Clara Co. - Vote No on F

Work described in phase one of the renovation and modernization plan has been completed. As a result, our schools are improving physically and academically. Over the last three years, math and reading scores for San Jose Unified students have significantly increased.

Measure F will provide funds to complete the renovation of all San Jose schools. There are no frills.

Specifically, Measure F will:

• Complete the upgrade of inadequate plumbing and electrical systems
• Finish the removal of asbestos and other hazardous materials
• Improve inefficient heating and ventilation systems
• Replacing aged portables with new classrooms
• Modernize science labs
• Renovate student and teacher restrooms
• Fix dry rot and other structural damage not yet completed

All of the money raised by Measure F will stay here in our community. Passage of Measure F could qualify the District for additional state matching funds. By law, money from Measure F will only be spent on adding classrooms, eliminating aged portables, and improving and renovating school facilities.

Measure F will make our schools safer and healthier for children. Please join us in voting YES on Measure F.

Ron Gonzales, Mayor of San Jose

Jim Cunneen, President and CEO, San Jose Silicon Valley Chamber of Commerce and Former Republican Member, State Assembly

Kathleen Burkhard, President of San Jose Teachers Association

Meri Maben, Parent

Marty Peterson, Santa Clara County Senior Care Commissioner

Why hasn't San Jose Unified School District made the important repairs from the budget? If all budget expenditures during the last few years have been more important than the repairs and replacements they want to make now, what makes them suddenly more important? If families must move away because high taxes have put them out of work, won't enrollments decline, making repairs and upgrades wasteful?

We should use the current budget to pay for teachers and make important repairs as needed. With whatever money is left, we should pay for whatever administration San Jose Unified School District can afford.

Make your vote count. Remember, we don't have the safeguard of requiring a two-thirds vote to pass a school bond measure. It only takes 55%. Keep the San Jose Unified School District accountable. While businesses are intent on cutting costs, don't let the school budget balloon out of control.

VOTE NO ON MEASURE F!

For more information visit http://www.VoteNOonF.org .

H. Raymond Strong, Chair, Libertarian Party of Santa Clara County

Elizabeth C. Brierly, MBA, Candidate, State Board of Equalization

Dennis Michael Umphress, Libertarian Candidate for Congress, District 16

Dale Warner, Concerned Taxpayer

A $429 million bond issue paying, for example, 5 percent simple interest for 25 years would mean $536.25 million in interest payments, plus $429 million in principle for a total of $965.25 million. As a consumer and taxpayer, you deserve to know the truth about these high costs. The annual interest payment of $21.45 million in the example is money that must be collected in taxes but goes to pay off bond holders, and is NEVER used for teacher salaries or classroom improvements. These interest payments are the cost of deficit financing. You, the taxpayers, pay this cost whenever your school board departs from the prudent and fiscally responsible practice of paying NOW for what is needed NOW, and budgeting to save for what will be needed in the future. Like the fiscally naive credit card holder, the school board could be tempted to spend this large sum of $429,000,000 unwisely, because it was viewed as easily obtained and they believe there will always be more available. Don't make it so easy. Vote NO on this enormous sum.

What's more important to you:

1. spending $21.45 million a year, for example, on teachers salaries and better schools, or

2. spending $21.45 million a year, for example, to provide interest income for bond holders?

Vote FOR responsible and effective spending for education:

Vote NO on Measure F.

For more details, please visit our website at http://www.VoteNOonF.org/ .

H. Raymond Strong, Chair, Libertarian Party of Santa Clara County

Dennis Michael Umphress, Libertarian Candidate for Congress, 16th District

Jeff Landauer, Candidate for Congress, 15th District

Elizabeth C. Brierly, Business Systems Analyst, MBA

There are a few things you should know about the people who signed the ballot argument against Measure F:

• They are members and officers of the Libertarian Party
• Apparently, they haven't taken the time to visit our schools and to see the conditions
• There is no evidence that they ever attended one of the community meetings where school repairs were discussed

• Measure F will complete the repair and renovation of San Jose schools
• Measure F will qualify our local school district to receive matching funds from the State
• Measure F is a responsible proposal to provide safe schools for children

The economic well being and quality of life in our community are dependent on good schools. Good schools help maintain property values. Parents, teachers, homeowners, senior citizens, and community leaders urge your support of Measure F.

Please vote YES on Measure F.

Meri Maben, Parent

1. The best estimate of the tax which would be required to be levied to fund this bond issue during the first fiscal year after the sale of the first series of bonds, based on estimated assessed valuations available at the time of filing of this statement, is $0.05999 per $100 ($59.99 per $100,000) of assessed valuation in fiscal year 2002-03.

2. The best estimate of the tax rate which would be required to be levied to fund this bond issue during the first fiscal year after the sale of the last series of bonds, based on estimated assessed valuations available at the time of filing of this statement, is $0.05994 per $100 ($59.94 per $100,000) of assessed valuation in fiscal year 2009-10.

3. The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on estimated assessed valuations available at the time of filing of this statement, is $0.06000 per $100 ($60.00 per $100,000) of assessed valuation in fiscal year 2025-26.

Voters should note that these estimated tax rates are based on the assessed value of taxable property in the District as shown on the County's official tax rolls, not on the property's market value. In addition, taxpayers eligible for a property tax exemption, such as the homeowner's exemption, will be taxed at a lower effective tax rate than described above. Certain taxpayers may also be eligible to postpone the payment of taxes. Property owners should consult their own property tax bills and tax advisors to determine their property's assessed value and any applicable tax exemptions.

The actual tax rates and the 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 and market interest rates at the time of each sale, and actual assessed valuations over the term of repayment of the bonds. The estimates are based upon the District's projections and are not binding upon the District. The dates of sale and the amount of bonds sold at any given time will be determined by the District based on need for construction funds and other factors. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale. Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined by the County Assessor in the annual assessment and the equalization process.

Dated: November 28, 2001

Linda T. Murray, Ph.D., Superintendent, San Jose Unified School District