League of Women Voters of California Education Fund
	Contra Costa County, CA November 2, 2010 Election
	Measure K Bonds Martinez Unified School District 55% Approval Required Pass: 6863 / 65.52% Yes votes ...... 3611 / 34.48% No votes See Also: Index of all Measures

Arguments For Measure K

Arguments Against Measure K

Our schools are the center of our community. We need to improve our schools so our students have quality classrooms and improved facilities to be better prepared for college and the workforce. Measure "K" authorizes additional bonds for our schools to maintain and improve the quality of education our children are receiving + WITHOUT INCREASING OVERALL TAX RATES. MEASURE "K" WILL: Improve classrooms and support facilities, including science labs, so that all students in Martinez have access to the same high quality schools Provide career and technical classrooms to provide diverse job opportunities for students after they graduate Make energy efficiency improvements to reduce annual operating costs and put more money in the classroom, where it belongs Provide enhanced technology and improved access to academic resources to improve student learning MEASURE "K" MAKES FINANCIAL SENSE. IT WILL: Extend but NOT increase overall tax rates Provide the required local match for $5 million in State funds that will otherwise go to other districts that have a local source of funding BY LAW, TAXPAYER SAFEGUARDS ARE IN PLACE. MEASURE "K" REQUIRES: Annual financial and performance audits An independent citizens' oversight committee to ensure money is used only for voter approved improvements and repairs No monies for administrative salaries or overhead THERE IS NEVER A GOOD TIME TO WAIT TO IMPROVE OUR SCHOOLS. Measure "K" will prepare our students for college and the workforce by improving our schools, increasing access to modern technology, and saving money better spent in the classroom + without increasing overall tax rates. As taxpayers, we need to make a renewed investment in our schools to attract families and businesses, so we can look forward to a stronger future in Martinez. VOTE YES ON MEASURE "K"! Martinez Unified School District Board of Trustees Kathi McLaughlin, President Chapter 99 Classified School Emp. Assoc., Debra R.M. Cotter, President Nancy K. Hobert, Community Volunteer Catherine R. Ivers, Community Volunteer Harriett J. Burt, Community Volunteer

No Arguments Were Filed Against Measure K

Tax Rate Statement

An election will be held in the Martinez Unified School District (the "District") on November 2, 2010, to authorize the sale of up to $45,000,000 in bonds of the District to finance school facilities as described in the proposition. If the bonds are approved, the District plans to sell the bonds in approximately ) 4 series over a period of approximately 12 years. 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 presented in numbered paragraphs 1-3 below 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 zero cents per $100 ($0.00 per $100,000) of assessed valuation in fiscal year 2011-12. 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 six cents per $100 ($60.00 per $100,000) of assessed valuation in fiscal year 2023-24. 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, six cents per $100 ($60.00 per $100,000) of assessed valuation in 2023-24. The District will be required to structure and time the issuance of the proposed bonds so that the combined tax rate which the District estimates is needed to repay all of the District's bonds (including any outstanding bonds and any of the proposed bonds outstanding at any time) will not exceed the rate levied in the current year (Fiscal Year 2010-11) to pay debt service on the currently outstanding bonds alone. Approval of the ballot measure authorizes the issuance of bonds under certain conditions, and is not approval of a specific tax rate or a specific bond issuance plan. The tax rate estimates in this statement reflect the District's current projection of future assessed values and of future debt service payments, which are based on certain assumptions. 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 (i) timing of bond sales, (ii) the amount and repayment structure of bonds sold, (iii) market interest rates at the time of each sale, and (iv) actual assessed valuations over the term of repayment of the bonds. The dates of sale of the bonds and the amount and repayment structure of bonds sold at any given time will be determined by the District based on its need for construction funds, its intention to meet the tax rate targets stated above, the legal limitations on bonds approved by a 55% vote, and other factors. The actual interest rates at which the bonds are 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. Voters should note that the estimated tax rates are based on the ASSESSED VALUE of taxable property in the District as shown on the County's official tax rolls, not on the property's market value. Property owners should consult their own property tax bills to determine their property's assessed value and any applicable tax exemptions. Dated: July 19, 2010. Rami L. Muth, Superintendent, Martinez Unified School District