League of Women Voters of California
Rancho Santiago Community College District
50,597 / 64.0% Yes votes ...... 28,449 / 36.0% No votes
Index of all Measures
|Results as of Nov 12 4:00pm, 100.0% of Precincts Reporting (368/368)|
|Information shown below: Impartial Analysis | Arguments | Tax Rate Statement ||
Santa Ana College/Santiago Canyon College Student Safety, Classroom Repair/Technology Renovation Measure. To prepare students for 4-year college and jobs; Relieve overcrowding; Improve fire safety/security; Train teachers, nurses, firefighters, and police/sheriffs; Repair wiring/upgrade computer technology; Renovate libraries/classrooms; Repair/acquire/construct/equip college sites, buildings, laboratories and classrooms; shall Rancho Santiago Community College District issue $337,000,000 in bonds at legal rates, appoint Citizens' Oversight Committee, perform annual audits, with no money for administrator's salaries?
The Rancho Santiago Community College District has proposed to the voters that general obligation bonds of the community college district be issued in an amount up to $337,000,000 and that ad valorem taxes be levied upon taxable property in the district to repay the bonded indebtedness. The measure provides that proceeds from the sale of the bonds will generally be used to acquire, improve, construct and renovate district facilities, including construction and renovation of buildings, upgrading electrical, air, plumbing, sewer and safety systems, construction, renovation and equipping of current and additional classrooms, libraries and labs and upgrading classroom technology.
The measure provides that a citizens' oversight committee will be established to ensure that bond proceeds are properly expended and that annual performance and financial audits will be conducted. The measure further provides that bond proceeds will not be used for teacher and administrator salaries and other district operating expenses.
The Board of Trustees of the Rancho Santiago Community College District has called the election for the purpose of submitting the measure to the voters within the district. If 55% of the voters of the district voting on the measure vote yes, the district may proceed to sell the bonds and levy the related taxes as estimated in the Tax Rate Statement. A no vote on this measure will disapprove the issuance of the bonds and the levy of the taxes for such bonded indebtedness.
News and Analysis|
|Arguments For Measure E||Arguments Against Measure E|
|Santa Ana College/Santiago Canyon College
Student Safety, Classroom Repair/Technology
... with strict Taxpayer Safeguards.
Tens of thousands of our students depend upon Santa Ana and Santiago Canyon Colleges to prepare for 4-year college and jobs. Measure E is critical to their future!
TREASURER JOHN MOORLACH thoroughly reviewed Measure E and gave it "STRAIGHT A's" for Fiscal Prudence, Taxpayer Safeguards and Accountability.
STRICT TAXPAYER SAFEGUARDS guarantee Measure E funds will be spent exactly as promised - efficiently and without waste!
Santa Ana/Santiago Canyon COLLEGE PROFESSORS support Measure E.
Santa Ana/Santiago Canyon Colleges lack adequate libraries, classrooms and labs. Explosive enrollment growth has led to severe overcrowding. Some buildings are 40+ years old. Roofs leak. Worn electrical systems, aging plumbing, and heating systems need renovation. Bathrooms are rundown. Classrooms built before computers/Internet need rewiring for technology. Students need classrooms, lecture halls, science labs, and learning centers.
Measure E will:
|No argument against this measure was submitted|
|Tax Rate Statement|
|An election will be held in Rancho Santiago Community
College District (the "District") on November 5, 2002, for
the purpose of submitting to the electors of the District
the question of incurring a bonded indebtedness of the
District in a principal amount of $337 million. 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 regarding tax rates is
given to comply with Section 9401 of the California
Elections Code. Such information is based upon the
best estimates and projections presently available from
official sources, upon experience within the District, and
other demonstrable factors.
Based upon the foregoing and projections of the District's assessed valuation, and assuming the entire debt service will be paid through property taxation:
1. The best estimate of the tax which would be required to be levied to fund the 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 $24.63 per $100,000 of assessed valuation for the year 2004-05.
2. The best estimate from official sources of the tax rate which would be required to be levied to fund the bond issue during the first fiscal year after the last sale of the bonds and an estimate of the year in which that rate will apply based on estimated assessed valuations available at the time of filing of this statement, is $24.70 per $100,000 of assessed valuation for the year 2014-15.
3. The best estimate of the highest tax rate which would be required to be levied to fund the bond issue and an estimate of the first year in which that rate will apply, based on estimated assessed valuation available at the time of filing of this statement is $24.84 per $100,000 of assessed valuation for the year 2007-08.
Attention to all voters is directed to the fact that the foregoing information is based upon projections and estimates only. The actual times 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. The actual interest rates at which the bonds will be sold, which in any event will not exceed the maximum permitted by law, will depend upon the bond market at the time of sales. The actual assessed values in the future years will depend upon the value of property within the District as determined in the assessment and the equalization process. Hence, the actual tax rates and the years in which such rates are applicable may vary from those presently estimated as above stated.
s/ Edward Hernandez Chancellor Rancho Santiago Community College District