League of Women Voters of California
Local Community College Repair and Safety Measure
Los Angeles Community College District
General Obligation Bond Measure - 55% Approval Required
108,617 / 64.1% Yes votes ...... 60,936 / 35.9% No votes
Index of all Measures
|Information shown below: Impartial Analysis | Arguments | Tax Rate Statement ||
To prepare students for jobs and four-year colleges, train nurses, police, firefighters, emergency medical personnel, improve health, safety, security conditions at Pierce College, Valley College, East Los Angeles College, Harbor College, Los Angeles City College, Los Angeles Southwest College, Mission College, West Los Angeles College, Los Angeles Trade Technical College; construct computer technology centers to train students for high-tech jobs; repair deteriorating classrooms, science laboratories, libraries; expand educational centers in underserved communities; upgrade heating, plumbing, wiring, roofs, sewers, energy efficiency, water conservation; improve campus environmental standards, safety, lighting, fire alarms, sprinklers, intercoms, fire doors; and acquire/improve real property and/or build new classrooms to relieve overcrowding, shall the Los Angeles Community College District issue $980 million dollars in bonds at interest rates within legal limits, require citizens' oversight for each college, annual independent financial audits, with no money for administrators' salaries?
Funds received from the sale of the bond would be used only for the construction, rehabilitation and equipping of District facilities, or the acquisition or lease of real property for District facilities, including replacing and repairing buildings, constructing and furnishing classrooms, laboratories, libraries and related facilities, including computer technology centers, repairing and upgrading heating, air conditioning, plumbing, wiring, roofs, sewers, energy efficiency, and water conservation, improving campus environmental standards, safety, and fire security, and improving and acquiring real property to relieve overcrowding. No funds may be used for teacher, professor or administrator salaries, or other operating expenses of the District.
As required by law, the Board of Trustees of the District ("Board of Trustees") has adbpted a list of the specific school facilities projects to be funded by the sale of the bonds. The Board of Trustees will conduct annual, independent financial and performance audits to ensure that funds received from the sale of the bonds will have been expended only on the specific projects listed, and will appoint a citizen's oversight committee to inform the public on expenditures of bond revenues.
The bonds would be issued and sold at an interest rate not to exceed the maximum rate allowed by law, and would be repaid by a property tax levied upon real property located within the District over a period not to exceed forty (40) years. The tax rate levied as the result of approval of this Proposition shall be no more that $25 per $100,000 of taxable property value within the District.
This Proposition requires a fifty-five percent (55%) vote for passage.
|Arguments For Measure AA|
Our community colleges need Proposition AA.
Because the University of California and California State systems are becoming so expensive, more and more peopleare relying on community colleges for their education. We must invest in our community colleges so they can provide local students with a high-quality education they might not otherwise receive.
Proposition AA will enable the Los Angeles Community College District to accommodate rapid enrollment growth and reduce drastic overcrowding by adding new classrooms at our nine community colleges.
Proposition AA will enable our colleges to repair and upgrade classrooms and laboratories used to train students in homeland security, police work, fire fighting, nursing and emergency medical ervices, leading to greater public safety and even more effective responses to emergencies.
It will allow colleges to construct technology centers with computer equipment to train students for high-tech jobs and expand and improve libraries, providing students and communities with high-tech resource centers.
Proposition AA will make repairs and upgrades to heating, plumbing, wiring, roofs and sewers to make colleges clean and safe for learning. It will allow our colleges to significantly improve safety by installing and/or upgrading emergency lighting, fire alarms and security systems.
Proposition AA will repair and improve all nine campuses throughout the Los Angeles Community College District:
Los Angeles City College
It's cheaper to upgrade and repair again buildings now, before problems get worse and interest rates go up.
A districtwide citizens' oversight committee and citizens' oversight committee for each college will monitor bond spending, NOT ONE CENT will go to administrators' salaries and annual, independent financial and performance audits will ensure funds are spent as promised.
Vote YES on Proposition AA.
Argument signed by:
(No arguments against Measure AA were submitted)
|Tax Rate Statement from Jeanette L. Gordon, Controller, Los Angeles Community College District|
|An election will be held in the Los Angeles Community College District (the "District") on May 20, 2003, 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 not to exceed $980 million. If such bonds are authorized and sold, the prinicipal 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 with 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 rate that 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 asessed valuations available at the time of filing of the statement is 1.145 cents per $100 of assessed valuation (or $11.45 per $100,000 of assessed valuation) for fiscal year 2004-05.
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 sale of the last series of bonds based on estimated assessed valuations available at the time of filing of this statement is 1.145 cents per $100 of assessed valuation (or $11.45 per $100,000 of assessed valuation) for fiscal year 2006-07.
3. The best estimate of the highest tax rate that would be required to be levied to bund the bond issue, and an estimate of the years in which that rate will apply, based on estimated assessed valuations available at the time of the filing of this statement is 1.145 cents per $100 of assessed valuation (or $11.45 per $100.000 of assessed valuation) for fiscal years 2004-05 through 2031-32.
Attention to all voters is directed to the fact that the foregoing information is based upon projections and estimates only, which are not binding upon the District. The actual timing of bond sales and the amount of bonds sold at any given time will be governed by the needs of the District, the state of the bond market, and other factors. The actual interest rates on any bonds sold will depend upon market conditions and other factors at the time of sale. The actual assessed valuations in future years will depend upon the value of property within the District as determined in the assessment and equalization process. Therefore, the actual tax rates and the years in which such rates are applicable may vary from those presently estimated as stated above.