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League of Women Voters of California Education Fund
School Repair, Replacement and Update Bond of 2008
McKinleyville Union School District
Bond Measure - 55% Approval Required
Pass: 1723 / 55.44% Yes votes ...... 1385 / 44.56% No votes
Index of all Measures
Results as of Jun 30 3:37pm, 100.0% of Precincts Reporting (12/12)|
0.0% Voter Turnout (3108/
|Information shown below: Summary | Impartial Analysis | Arguments | Tax Rate Statement ||
Shall the McKinleyville Union School District authorize the sale of up to $14,000,000 in bonds of the District to finance school facilities as described in the proposition and the Bond Project List.
"To repair and replace aging roofs, repair structures to meet current fire and safety codes, replace outdated electrical, plumbing restrooms, and heating systems; upgrade classroom technology and computer labs, repair classroom facilities, and modernize science classrooms and labs, shall the McKinleyville Union School District be authorized to replace, renovate, acquire and construct school facilities, issue $14,000,000 in bonds at legal interest rates, with no funds for administrator salaries, and appoint an Independent Oversight Committee to monitor bond expenditures"
As required by the California Constitution, the proceeds from the sale of the bonds will be used only for the construction, reconstruction, rehabilitation or replacement of school facilities, including the furnishing and equipping of school facilities, and not for any other purpose, such as teacher and administrator salaries and other school operating expenses.
McKinleyville Union School District Bond Project List
The District intends to complete the following projects, using a combination of bond funding and other funding sources. Other anticipated sources include state matching funds, and any other available sources.
The District's Board of Trustees will conduct an annual, independent performance audit to ensure that the funds have been expended only on the project list set forth above.
The District's Board of Trustees will conduct an annual, independent financial audit of the proceeds from the sale of the Bonds until all of those proceeds have been expended for the school facilities projects.
Pursuant to Section 15772 of the Education Code, the District's Board of Trustees will appoint a citizens' oversight committee and conduct annual independent audits to assure that funds are spent only on school and classroom improvements and for no other purposes.
If the measure is approved and bonds are issued, the District is required by law to meet certain accountability requirements. To meet these requirements, the proceeds of the bonds will be used only for the purposes specified in the Measure; the proceeds will be deposited into a Building Fund to be held by the County Treasurer; and the Superintendent of the District will annually file a report with the Board of Trustees, setting forth the amount of funds received and expended, as well as the status of the improvement projects. The Board of Trustees will annually conduct an independent performance audit and an independent financial audit, until all proceeds from the sale of the bonds have been expended, to ensure that the funds are used only for the projects listed in this measure. In addition, the Board of Trustees shall establish a Citizens' Oversight Committee to assure that bond proceeds are expended only on the school facilities projects listed in the measure.
This measure will not become effective, and the bond issuance and sale will not occur, unless the measure is approved by fifty-five percent (55%) of the registered voters voting on the measure.
Prepared by Humboldt County Counsel
|Arguments For Measure C|
Please join us and vote YES on Measure C for the children of McKinleyville Union School District. Our dedicated school board and administration have been working hard to serve our students, but they are faced with severe budget limitations.
Measure C will enable the district to enhance our students' education by repairing, renovating and expanding library and computer labs at all schools, increasing access to the internet, and renovating 6-8 grade science classrooms. Measure C will allow safety improvements to our schools such as installing higher fences around school perimeters, installing a public address system at all schools, and providing improved access for emergency vehicles.
Measure C will allow the district to repair and renovate multi-purpose rooms, renovate and repair sports fields, purchase and install safe play equipment at all schools, and construct a new gymnasium at McKinleyville Middle School for use by students and the community.
With Measure C funds, restrooms can be modernized and brought up to current safety and accessibility standards and energy efficiency can be improved by replacing outdated boilers, plumbing and water systems, and windows with energy efficient replacements. Funds will also enable the district to repair or replace leaking and aging roofs at all schools.
We MUST pass Measure C so that McKinleyville Union School District can qualify for millions of dollars of additional state matching funds.
We are pleased that safeguards are built into Measure C to assure us that funds will be used for their intended purpose only. No funds will be used for administrator salaries. A Citizens' Oversight Committee will monitor all expenditures of bond funds.
We support Measure C because the funds raised will improve student safety and productivity and energy efficiency in our local schools.
We urge you to vote YES ON MEASURE C for the children of McKinleyville Union School District.
/s/ Eleanor Sullivan, Retired Senior Citizen /s/ Phyllis Nolan, Teacher, McKinleyville Union School District /s/ Barbara Kelly, Board of Trustees, McKinleyville Union School District /s/ Shelly Lyell, Parent
(No arguments against Measure C were submitted)
|Tax Rate Statement from the McKinleyville Union School District Superintendent|
|An election will be held in the McKinleyville Union School District (the "District") on June 3, 2008, to authorize the sale of up to $14,000,000 in bonds of the District to finance school facilities as described in the proposition and the Bond Project List. If the bonds are approved, the District expects to sell the bonds in one or more 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 information provided in paragraphs 1-3 below is provided in compliance with Sections 9400-9404 of the California Elections Code.
1. 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 first series of bonds, based on estimated assessed valuations available at the time of filing of this statement, is 2.99 cents per $100 ($29.90 per $100,000) of assessed valuation in fiscal year 2008-09.
2. The best estimate of the tax rate which would be required to be levied to fund this bond issue during the 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 2.99 cents per $100 ($29.90 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, 2.99 cents per $100 ($29.90 per $100,000) of assessed valuation in fiscal year 2009-10.
The average tax rate is expected to be 2.99 cents per $100 ($29.90 per $100,000) of assessed valuation over the life of the bonds.
Voters should note that estimated tax rates are based on the ASSESSED VALUE of taxable property on the County's official tax rolls, not on 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 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: 2/13/08 D.A. McCullough