League of Women Voters of California Education Fund
	Los Angeles County, CA November 2, 2010 Election
	Measure AA High School Construction Wiseburn School District School Bonds - 55% Approval Required Pass: 3,285 / 75.73% Yes votes ...... 1,053 / 24.27% No votes See Also: Index of all Measures

Arguments For Measure AA

Our students have some of the highest test scores in the region when they complete eighth grade, but drop once they are forced to attend high school outside our District. This is unacceptable. We need a local Wiseburn high school to support our children's continued academic success in order to be better prepared for quality colleges and good-paying jobs upon graduation. MEASURE "AA" WILL: - Build a 21st century high school for Wiseburn students with state of the art computers, labs and modern classroom technology focused on academic success in math, science, and the arts - Improve academic performance, safety, and security by allowing our students to continue their education within the academic standards and boundaries of the Wiseburn School District MEASURE "AA" IS A GOOD INVESTMENT. As taxpayers, we know it is important to have good schools with quality classrooms. The Wiseburn School District has made good use of prior support from the community to completely rebuild our schools. All schools have been recognized as California Distinguished Schools, and test scores and graduation rates are some of the highest in the South Bay. MEASURE "AA" MAKES FINANCIAL SENSE. - It will maintain our home values and the security and desirability of our community. - 80% of the cost of Measure "AA" will be paid by commercial and industrial property within the District. TAXPAYER SAFEGUARDS ARE IN PLACE. MEASURE "AA" REQUIRES: - Annual financial audits - An independent citizens' oversight committee to ensure money is used only for voter approved improvements - No monies for administrative salaries Measure "AA" will build a Wiseburn High School to ensure our students have the classrooms and facilities to support their academic success and maintain the sense of community and security we worked hard to develop and preserve in our neighborhoods. Vote YES on Measure "AA"! DENNIS CURTIS Board President, Wiseburn School District LYDIA RODRIGUEZ Chief Petitioner for Wiseburn Unification LLOYD TROTTER Resident Since 1955, Wiseburn Little League SHEILA LACOUR Dana Middle School Teacher RAMON PULIDO Resident, AYSO Commissioner (No arguments against Measure AA were submitted)

Tax Rate Statement from TOM JOHNSTONE, Superintendent, Wiseburn School District

An election will be held in the Wiseburn School District (the "District") on November 2, 2010 to authorize the sale of up to $87.0 million in bonds of the District to finance school facilities as described in the Measure. 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 2.270 cents per $100 ($22.70 per $100,000) of assessed valuation in fiscal year 2010-11. 2. 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 last series of bonds, based on estimated assessed valuations available at the time of filing of this statement, is 2.484 cents per $100 ($24.84 per $100,000) of assessed valuation in fiscal year 2014-15. 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 8.552 cents per $100 ($85.52 per $100,000) of assessed valuation. Voters should note that the estimated tax rates are based on the ASSESSED VALUE of taxable property 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. 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 the 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: 7/23, 2010