Fail: 3,826 / 45.13% Yes votes ...... 4,651 / 54.87% No votes

See Also: Index of all Measures

Meaning of Voting Yes/No

A YES vote on this measure means:

A "yes" vote is a vote to authorize the District to issue and sell the bonds.

A NO vote on this measure means:

A "no" vote is against authorizing the District to issue and sell the bonds.

If approved by fifty-five percent (55%) of the votes cast by the voters voting thereon, this measure would authorize the Board of Trustees of the Oakdale Joint Unified School District to issue and sell general obligation bonds of the District in amounts not to exceed a total of $37,500,000.

If the bond measure is approved, pursuant to sections 15278 and 15282 of the California Education Code, the District is committed to establish an independent citizens oversight committee.

The District has committed that the proceeds from the bonds will be used for the construction, reconstruction and /or rehabilitation of school facilities including the furnishing and equipping of school facilities or acquisition or lease of real property for school facilities and not for any other purpose, including teacher and administrator salaries and other school operating expenses.

The best estimate of the highest tax rate that would be required to fund this bond issue, based on estimated assessed valuations available at the time of fi ling this statement, is $.03260 per $100 ($32.60 per $100,000) of assessed valuation.

Subject to the provisions of the California Constitution and the California Education Code, an annual tax shall be levied upon the property within the jurisdiction of the District for the interest and redemption of all outstanding bonds of the District authorized by this measure.

The annual tax shall not be less than suffi cient to pay the interest on the bonds as it becomes due and to provide a sinking fund for payment of the principal on or before maturity and may include an allowance for an annual reserve, established for the purpose of avoiding fl uctuating tax levies.

-- A "yes" vote is a vote to authorize the District to issue and sell the bonds.

-- A "no" vote is against authorizing the District to issue and sell the bonds.

This analysis is submitted by the Office of the Stanislaus County Counsel pursuant to the requirements of section 9500 of the Elections Code of the State of California.

Dated: August 16, 2006
Michael H. Krausnick - County Counsel of the County of Stanislaus