This is an archive of a past election.|
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Sierra Unified School District
Needs 55% to pass
Fail: 2701 / 48.64% Yes votes ...... 2852 / 51.36% No votes
Index of all Measures
|Information shown below: Impartial Analysis | Arguments | Tax Rate Statement | Full Text|
To improve neighborhood elementary and middle schools, upgrade classroom computer technology and school pick-up/drop-off zones, bring playgrounds into compliance with safety requirements, upgrade plumbing, wiring, heating and ventilation system, improve energy efficiency, increase classroom funding by paying down debt, shall Sierra Unified School District issue $12,000,000 of bonds at legal rates to renovate, acquire, construct, repair, equip schools, sites, facilities, with independent financial audits, citizens' oversight, and no money for administrators' salaries?
s/ Janelle E. Kelley
|Arguments For Measure V||Arguments Against Measure V|
|When the initial decision was made in 1990 to build Foothill Middle School, the enrollment projections showed steady and increasing enrollment throughout the payment period of the Certificates of Participation (COP) that were sold to finance the building of the school. However, the enrollment at Sierra Unified has been declining since 1996-97, and the payments on the COP have consumed a larger portion of the unrestricted General fund budget each year. With the large budget cuts proposed by the State of California for 2008-09, the percentage of total budget dedicated to pay for the middle school goes up tremendously.
The Certificates of Participation currently require annual payments through 2017. The current balance on the Certificates of Participation as of June 30, 2008 is $8,265,000, with annual debt-service payments of approximately $1,200,000. Using the bond funds to pay off these outstanding lease obligations will save $960,000 annually in the General fund which can be used for program enhancements at all schools. The rest of the proposed bond monies would go towards upgrading of our ageing schools. The proposed improvements include upgrading computer technology, creating safer drop off zones for students, bring playgrounds into compliance with safety requirements, upgrade plumbing, wiring, heating and ventilation systems as well as energy efficient systems.
$29.33 per $100,000 of assessed value per year is a small but wise investment in the future of our children.
Measure V for victory will make a difference everyday for our students. We urge you to vote YES on Measure V.
s/ Robert L. Franklin
s/ Jennifer Cooper
s/ Michael Gardner
s/ Jim Harris
s/ Bud Olson
The latest adopted resolutions on 8-7-08 by our SUSD Board of Trustees have changed and do not included building a new stadium or all-weather track This leaves us with improvements that can be covered by the budget. It does not justify going into debt for 25 years and paying an enormous amount of interest! We can not afford the tax increase or the additional interest as the district includes many retirees who are not on fixed incomes and over 50% of our students qualify for free and reduced lunches. The higher costs of living effects not only the schools but also the taxpayers who have no where to pass along their additional expenses.
Vote No on unfair bond.
s/ Chloe Foster
s/ Samuel A. Dow
s/ Andrea Walls
s/ Thomas Hancock II
s/ Bonnie Hancock
|Sierra High Community Elementary and Middle School Improvement Measure:
The school district is asking the taxpayer to take on another tax burden to pay down our payment on The Foothill Middle School by extending the payoff indebtedness period from 9 years to 25 years with an increase from over 8 million dollars to 12 million. Over this time period the interest paid on this new bonded indebtedness will cost more in interest than what we owe on the present loan. When in a financial hole the solution is never to dig deeper in debt. It is doubtful that the district can secure lower bond interest rate than what they refinanced about 3 years ago, as rates have increased since then. Over the long haul the school district will be better off if we continue to cut spending until our student enrollment comes back up and as our economy improves. The recent reductions approved by the Sierra Unified School District of $2,938,754 will more than pay for the $1,200,000 yearly payment on the Foothill Middle School and will allow for district wide improvements and repairs. Both Pine Ridge and Big Creek School Districts support their own K-8th grades. They should not be included in this new tax assessment for the Foothill, Auberry and Sierra Elementary School District Measure V.
The undersigned district residents request a NO vote on this $12,000,000 measure.
s/ Samuel A. Dow
s/ Chloe E. Foster
s/ Andrea E. Walls
s/ Thomas Hancock
s/ Bonnie Hancock
1. The Sierra Unified School District will combine the bond monies with developer fees to pay down the existing 8.5 million dollars indebtedness thus freeing up 1 million annually for supplies and program enhancements at all schools.
2. The remaining 3.5 million form the bond monies will be used for facility improvements.
3. The recent reductions by the district of $2938,754 were forced by declining enrollment, as well as reductions in state and federal revenues. These reductions have led to elimination or reductions of several programs and services which have had a positive impact on student achievement. The$1,000,000 the district would recoup annually would allow for many of these needed programs to be reinstated.
4. The elimination of the debt service would benefit all schools including Sierra High School where Pine Ridge and Big Creek students attend.
5. The District will ask that Pine Ridge and Big Creek tax payers be exempt.
The forced reduction of almost $3,000,000 from the SUSD annual budget will greatly hinder the ability of the district to provide the programs and services our students need to be successful. The future of our next generation of students is dependent on this measure. We urge you to vote YES on Measure V.
s/ Robert Franklin
s/ Wes Qualls
s/ Michael Gardner
s/ Jennifer Cooper
s/ Jim Harris
|Tax Rate Statement|
|An election will be held in the Sierra Unified School District (the "District") on
November 4, 2008, to authorize the sale of up to $12,000,000 in bonds of the District to finance elementary and middle school facilities as described in the measure. If such bonds are authorized and sold, 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. 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 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 $0.02963 per $100 ($29.63 per $100,000) of assessed value for the fiscal year 2009-2010.
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 at the time of filing of this statement, is $0.02963 per $100 ($29.63 per $100,000) assessed value for the fiscal year 2017-2018.
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 $0.02963 per $100 ($29.63 per $100,000) of assessed value. The tax rate is expected to remain the same in each year that the bonds are scheduled to be outstanding.
Voters should note the estimated tax rate is based on the ASSESSED VALUE of taxable property on the County's official tax rolls, not on the property's market value. In addition, taxpayers eligible for a property tax exemption, such as the homeowner's exemption, will be taxed at a lower effective tax rate than described above. Certain taxpayers may also be eligible to postpone payment of taxes. Property owners should consult their own property tax bills and tax advisors to determine their property's, assessed value and any applicable tax exemptions.
The attention of 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 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 date 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 sale. Actual future assessed valuations 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.
s/ Dr. Michael Gardner
|Full Text of Measure V|
The Board of Trustees of the Sierra Unified School District evaluated the
District's urgent and critical facility needs, including safety issues, enrollment trends, class size, energy efficiency and computer technology, in developing the scope of projects to be funded. In developing the scope of projects, teachers, staff and community members have prioritized the key health and safety needs so that the most critical facility needs are addressed. The Board conducted a facilities evaluation and received public input and review in developing the scope of facility projects to be funded. This input concluded that if these needs were not addressed now, the problem would only get worse. In approving this Priority School Projects List, the Board of Trustees determines that the District must:
(ii) Retain all bond money locally in our community, ensuring local control and sufficient funds to address the education needs in our community, particularly as the Governor cuts state funding for education.
(iii) Provide our students with the same quality classrooms and resources provided by other nearby school districts.
(iv) Pay-off existing debt to allow more money to be spent in the classroom to upgrade essential learning materials, such as purchasing new textbooks and computers, which will improve the quality of education children in our community receive.
The Bond Priority School Project List is on file at the Sierra Unified School District Office and includes the following projects:
Auberry Elementary School (Constructed in the 1930's)
FISCAL ACCOUNTABILITY. IN ACCORDANCE WITH EDUCATION CODE SECTION 15272, THE BOARD OF TRUSTEES WILL APPOINT A CITIZENS' OVERSIGHT COMMITTEE AND CONDUCT ANNUAL INDEPENDENT AUDITS TO ASSURE THAT FUNDS ARE SPENT ONLY ON DISTRICT PROJECTS AND FOR NO OTHER PURPOSE. THE EXPENDITURE OF BOND MONEY ON THESE PROJECTS IS SUBJECT TO STRINGENT FINANCIAL ACCOUNTABILITY REQUIREMENTS. BY LAW, PERFORMANCE AND FINANCIAL AUDITS WILL BE PERFORMED ANNUALLY, AND ALL BOND EXPENDITURES WILL BE MONITORED BY AN INDEPENDENT CITIZENS' OVERSIGHT COMMITTEE TO ENSURE THAT FUNDS ARE SPENT AS PROMISED AND SPECIFIED. THE CITIZENS' OVERSIGHT COMMITTEE MUST INCLUDE, AMONG OTHERS, REPRESENTATION OF A BONA FIDE TAXPAYERS ASSOCIATION, A BUSINESS ORGANIZATION AND A SENIOR CITIZENS ORGANIZATION. NO DISTRICT EMPLOYEES OR VENDORS ARE ALLOWED TO SERVE ON THE CITIZENS' OVERSIGHT COMMITTEE.
NO ADMINISTRATOR SALARIES. PROCEEDS FROM THE SALE OF THE BONDS AUTHORIZED BY THIS PROPOSITION SHALL BE USED ONLY FOR THE ACQUISITION, CONSTRUCTION, RECONSTRUCTION, REHABILITATION, OR REPLACEMENT OF SCHOOL FACILITIES, INCLUDING THE FURNISHING AND EQUIPPING OF SCHOOL FACILITIES, AND NOT FOR ANY OTHER PURPOSE, INCLUDING TEACHER AND SCHOOL ADMINISTRATOR SALARIES AND OTHER OPERATING EXPENSES.