League of Women Voters of California Education Fund
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Measure A School Bonds Sierra Sands Unified School District 55% Approval Required
See Also:
Index of all Measures |
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Pass:
4687 /
61.16% Yes votes ......
2976 /
38.84% No votes
| Results as of Jul 17 11:36am, 100.0% of Precincts Reporting (27/27) |
| Information shown below: Summary | Official Information | Arguments | Tax Rate Statement | | ||||||
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To improve the quality of education, shall Sierra Sands Unified School District be authorized to upgrade, renovate, and modernize classrooms and facilities including upgrading plumbing systems, renovating restrooms, making health and safety improvements, repairing and replacing roofs, improving student access to computers and technology, constructing new classrooms, and qualifying the District for over $13,000,000 in State grants by issuing $50,500,000 in bonds within legal interest rates, with a citizens' oversight committee, annual audits and NO money for administrator salaries?
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Official Information District Profile News and Analysis
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| Tax Rate Statement |
| An election will be held in the Sierra Sands Unified School District (the "District") on June 6, 2006, to authorize the sale of up to $50,500,000 in bonds of the District to finance school facilities as described in the proposition. If the bonds are approved, the District expects to sell the bonds in four series. Principal and interest on the bonds 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 Elections Code of the State of California.
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 6.0 cents per $100 ($60.00 per $100,000) of assessed valuation in fiscal year 2006-07. 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 6.0 cents per $100 ($60.00 per $100,000) of assessed valuation in fiscal year 2018-19. 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 6.0 cents per $100 ($60.00 per $100,000) of assessed valuation. The tax rate is expected to remain the same in each year. Voters should note that the estimated tax rates are based on the ASSESSED VALUE of taxable property on the County's official tax rolls, not on the property's market value. Property owners should consult their own property tax bills to determine their property's assessed value and any applicable tax exemptions. Attention of all voters is directed to the fact that the foregoing information is based upon the District's projections and estimates only, which are not binding upon the District. 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 dates of sale and the amount of bonds sold at any given time will be determined by the District based on the need for construction funds and other factors, including the legal limitations on bonds approved by a 55% vote. 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. |
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Created: April 4, 2007 10:06 PDT
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