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Repairs and Improvement of Facilities and Technology
Mount Diablo Unified School District
Bond Measure - 55% Approval Required
Pass: 32152 / 60.88% Yes votes ...... 20662 / 39.12% No votes
Index of all Measures
|Results as of Jun 8 10:54pm, 100.0% of Precincts Reporting (154/154)|
|Information shown below: Impartial Analysis | Arguments | Tax Rate Statement | Full Text|
To support quality education and safety for local students, and reduce impacts of State budget cuts by improving science, career and technical education facilities; upgrading classroom instructional technology; repairing leaky roofs; improving safety; maximizing energy efficiency including adding solar panels and modern air conditioning; and repairing, replacing, equipping or modernizing other school facilities; shall Mt. Diablo Unified School District issue $348,000,000 of bonds at legal interest rates, with independent citizen oversight, audits, and no money for administrator salaries?
By resolution, the Mt. Diablo Unified School District has proposed that bonds of the District be issued in an amount up to $348,000,000. This measure provides that proceeds from the sale of the bonds will generally be used to "support quality education and safety for local students, and reduce impacts of State budget cuts by improving science, career and technical education facilities; upgrading classroom instructional technology; repairing leaky roofs; improving safety; maximizing energy efficiency including adding solar panels and modern air conditioning; and repairing, replacing, equipping or modernizing other school facilities." The specific projects are set forth in the bond project list attached to the resolution of the Board of Education. The measure provides that a citizens' oversight committee will be established to ensure that bond proceeds are properly expended and that annual performance and financial audits will be conducted. The measure further provides that bond proceeds will only be used for the purposes specified in the measure, and not for any other purpose.
Approval of the measure does not guarantee that the proposed project or projects in the District that are the subject of bonds under the measure will be funded beyond the local revenues generated by the measure. The proposed project or projects may assume the receipt of matching state funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure.
A "yes" vote authorizes the issuance of the bonds and the levy of taxes as estimated in the Tax Rate Statement to repay the bonded indebtedness. A "yes" vote by 55% of the voters within the District voting on the measure is required for passage of this measure. A "no" vote on this measure disapproves the issuance of the bonds and the levy of the taxes for the bonded indebtedness.
News and Analysis|
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|Arguments For Measure C||Arguments Against Measure C|
|It's no secret that State budget cuts have taken a serious toll on our local schools in the Mt Diablo Unified School District, serving Concord, Pleasant Hill, Walnut Creek, Clayton, Bay Point, Martinez, and Pittsburg. Students, parents, teachers, and administrators are doing everything possible to protect quality education despite these challenges.
Measure C won't solve every problem facing our local schools, but it will provide some much-needed support to local students at a time when state funding is increasingly unreliable.
Vote Yes on C:
Measure C funds will be subject to independent citizen oversight and annual, public audits to ensure funds are used only on voter-approved projects.
Measure C is a chance to support our local schools in the face of drastic, ongoing State funding cuts. Please vote "Yes" and stand up for local students.
Mark Peterson, Council Member, Former Mayor, Concord
Kish Rajan, Council Member, Walnut Creek
Hank Stratford, Mayor of Clayton
Gloria Magleby, President, Bay Point Chamber
|Tax Rate Statement from the President of the Board of Education|
|An election will be held in the Mt. Diablo Unified School District (the "District") in Contra Costa County on June 8, 2010, to authorize the sale of up to $348,000,000 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 several series over time. 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 $0.00634 per $100 ($6.34 per $100,000) of assessed valuation in fiscal year 2010-11.
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 $0.01689 per $100 ($16.89 per $100,000) of assessed valuation in fiscal year 2016-17.
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 $0.05948 per $100 ($59.48 per $100,000) of assessed valuation in fiscal year 2034-35.
Based on the tax rates estimated above, the average annual tax over the life of the bonds would be $40.83 per $100,000 of assessed valuation. The combined annual tax for these bonds and the District's Measure C bonds approved by voters on March 5, 2002, is expected to be no higher than $60.00 per $100,000 of assessed valuation, the highest annual tax estimated for the Measure C bonds approved on March 5, 2002.
Voters should note that these estimated tax rates are based on the assessed value of taxable property in the District as shown on the official tax rolls of the County of Contra Costa, 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. 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 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, the market interest rates at the time of each sale, and actual assessed valuations over the term of repayment of the bonds. The estimates are based upon the District's projections and are not binding upon the District. 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 project 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: March 11, 2010
|Full Text of Measure C|
|PRIORITY SCHOOL PROJECTS LIST
The Board of Trustees of the Mt. Diablo Unified School District evaluated the District's urgent and critical facility needs, including safety issues, enrollment trends, class size, energy efficiency and computer and information 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 District conducted a facilities evaluation in developing this Priority School Projects List. This input concluded that if these needs were not addressed now, the problems would only get worse.
Bond proceeds will be expended to modernize, replace, renovate, expand, construct, acquire, equip, furnish and otherwise improve the classrooms and school facilities of the District, including those located at the following locations:
Mt. Diablo Adult Education
Alternative Schools and Programs
The school facilities projects to be funded include:
School Renovation, Repair and Upgrade Projects
School Site Health, Safety and Security Projects
District-Wide Wiring and Technology for Instructional Support and Effective Learning Environment Projects
Construction Projects at School Sites