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LWV League of Women Voters of California Education Fund
Smart Voter
Los Angeles County, CA November 4, 2008 Election
Measure M
School Improvement
El Segundo Unified School District
School Bond - 55% Approval Required

Pass: 5,602 / 67.28% Yes votes ...... 2,724 / 32.72% No votes

See Also: Index of all Measures
Results as of Nov 28 5:11pm, 100.00% of Precincts Reporting (12/12)
Information shown below: Official Information | Impartial Analysis |

To support high academic achievement, enhance student safety, and improve the 80 year old auditorium and the athletic facilities frequently used by the community, by repairing outdated wiring and plumbing, improving energy efficiency, reducing water use, and mitigating safety hazards and accessibility issues, shall the El Segundo Unified School District issue up to $14,000,000 in bonds at legal interest rates, with all funds used locally, an independent citizens’ oversight committee, annual audits and NO money for administrator salaries?

Official Sources of Information

Impartial Analysis from Raymond G. Fortner, Jr.
County Counsel
Approval of Measure M would authorize the El Segundo Unified School District (“District”) to issue general obligation bonds, in an amount not to exceed $14,000,000.

Funds received from the sale of the Bonds will be used for the specific purposes set forth in this Measure including, renovating and upgrading the auditorium and the athletic fields and facilities; repairing wiring and plumbing; improving energy efficiency; reducing water use; mitigating safety hazards and accessibility issues. No funds may be used for teacher or administrator salaries or any other school operating expenses.

Independent performance and financial audits will be performed annually to ensure that the funds received from the sale of the bonds are expended as specified in the Measure. All bond expenditures will be monitored by a Citizen’s Oversight Committee to ensure that the funds are spent as specified.

The bonds would be issued for a term not to exceed twenty-five (25) years in the case of bonds issued under the authority of the Education code, and forty (40) years in the case of bonds issued under the authority of the Government Code. The tax levied as a result of approval of this Measure shall not exceed $60 per year per $100,000 of taxable property within the District.

This measure requires a fifty-five percent (55%) vote for passage

   Official Information

El Segundo Unified School District

Video
District Statistics

GreatSchools.net
News and Analysis

Beach Reporter

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