This is an archive of a past election.|
See http://www.smartvoter.org/ca/la/ for current information.
El Rancho Unified School District
School Bonds - 55% Approval Required
Pass: 9,549 / 74.01% Yes votes ...... 3,354 / 25.99% No votes
Index of all Measures
|Results as of Nov 24 2:18pm, 100.00% of Precincts Reporting (35/35)|
|Information shown below: Summary | Impartial Analysis | Arguments | Tax Rate Statement ||
To construct and improve local schools and student support facilities, improve student access to computers and classroom technology, build vocational technical classrooms, provide improvements to better maintain our schools, and provide renewable energy improvements to reduce operating costs and put more money into the classroom, shall El Rancho Unified School District be authorized to issue up to $52,000,000 in bonds at legal interest rates, with annual audits, a Citizens' Oversight Committee, and no increase to current tax rates?
Funds received from the sale of the bonds shall be used only for the specific purposes set forth in the Measure including constructing, upgrading and modernizing classrooms and student support facilities, including athletic, career, technical, and vocational classrooms, kitchens, cafeterias, and science labs, providing computers and technology, security, heating, ventilation, air conditioning, utility and energy system improvements, replacing the El Rancho High School cafeteria, and replacing existing play fields with turf systems, furnishing and equipping school facilities, acquiring lease facilities, performing site preparation in connection with new construction, renovation, or remodeling, and funding deferred maintenance projects. No funds may be used for teacher and administrator salaries or 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. An independent Citizens Oversight Committee will be established and members appointed in accordance with Education Code sections 15278, 15280, and 15282. The Board of the District shall cause the preparation of an annual report which shall contain information regarding the amount of funds collected and expended, as well as the status of projects identified in the Measure.
The bonds shall be issued in accordance with law, and at interest rates not to exceed 8 percent. Bonds issued pursuant to the Education Code shall have a maturity not exceeding twenty-five (25) years, and bonds issued pursuant to the Government Code shall have a maturity not exceeding 40 years from the date of issuance. The best estimate of the tax rate required to fund the bonds, based on the estimated assessed valuations of the taxable real property located within the District available at the time of filing the Tax Rate Statement on the measure, is estimated to be zero cents per $100,000 in the fiscal year 2011-12, and $23.52 per $100,000 in the fiscal year 2023-24. The best estimate of the highest tax rate to fund the bonds is $60.00 per $100,000 in the fiscal year 2035-36.
This Measure requires a fifty-five percent (55%) vote for passage.
|Arguments For Measure EE|
In El Rancho Unified School District, every student has the opportunity to excel.
However, the state budget crisis has had a dramatic impact on the District. Substantial cuts have been made over the past two years. We need to improve our schools and put more money into our classrooms and support facilities so all our students can succeed. We need to improve El Rancho schools to better prepare students for college and the workforce, keep more students in school, and increase access to good-paying jobs.
MEASURE "EE" WILL:
-Upgrade and expand science labs, career, technical, and vocational classrooms,
and other instructional and student support facilities
As taxpayers, we know there is never a good time to wait to improve our schools.
The time is now. Measure "EE" will stimulate our local economy, provide needed school facilities, and maintain the academic and career success of our children.
MEASURE "EE" MAKES FINANCIAL SENSE. IT WILL:
-Provide funding for needed improvements by extending, but not increasing, the
current tax rate
TAXPAYER SAFEGUARDS ARE IN PLACE. MEASURE "EE" REQUIRES:
Measure "EE" will maintain the quality of our schools, and assist our children into the future + WITHOUT increasing tax rates.
YES on Measure "EE"!
RITA JO RAMIREZ
VON KRAMER STROFF
(No arguments against Measure EE were submitted)
Tax Rate Statement from LYDIA CANO|
Assistant Superintendent Business Services
El Rancho Unified School District
|An election will be held in the El Rancho Unified School District (the "District")
on November 2nd, 2010, to authorize the sale of up to $52,000,000 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 four series. 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
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 2.352 cents per $100 ($23.52 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, is 6.000 cents per $100 ($60.00 per $100,000) of assessed valuation in fiscal year 2035-36.
Voters should note that 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, including the legal limitations on bonds approved by a 55% vote.
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: August 5, 2010