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Castaic School Improvement Measure
Castaic Union Elementary School District
School Bonds - 55% Approval Required
Pass: 5,682 / 64.62% Yes votes ...... 3,111 / 35.38% No votes
Index of all Measures
|Results as of Dec 2 2:20pm, 100.00% of Precincts Reporting (22/22)|
|Information shown below: Impartial Analysis | Arguments | Tax Rate Statement ||
To provide modern and efficient elementary and middle school facilities, shall Castaic Union School District build up-to-date science labs/classrooms/facilities, provide modern computers/technology/equipment, replace inefficient and outdated heating/ventilation systems and update fire alarm/safety systems by issuing $51 million in bonds at legal rates, with independent oversight, no money for administrators, and all funds staying local?
Funds received from the sale of the bonds shall be used only for the specific purposes set forth in the Measure, including constructing and installing a classroom/annex building, additional classrooms, and child care and preschool facilities; replacing portable buildings with permanent, portable or modular buildings; constructing and installing, restrooms, a multi-purpose room with cafeteria, library and media areas, lighting, fencing, security systems, and storage facilities; renovating and upgrading school support facilities, doors, windows, roofs, rain gutters, walls, ceilings, floors, lighting, drinking fountains, fixtures, signage, furniture and equipment; renovating parking areas, student pick-up/drop-off zones, and field and hard court areas; constructing, installing, and renovating new gymnasium locker rooms and existing locker rooms; replacing and upgrading electrical, heating, cooling and ventilation, fire detection and suppression, audio-visual communication and energy efficiency/management monitoring systems, and playground equipment and fixtures; installing solar panels; repairing and upgrading, sidewalks, walkways, handrails, and guardrails; renovating, repairing, and/or installing benches, gates, fencing, playfields and landscaping; replacing and installing irrigation, drainage, utility lines, trees, landscaping, and relocating fire access roads; and upgrading and updating technology. No funds may be used for teacher and administrator salaries and 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 only on the school facilities projects listed in the Bond Project List. An Independent Citizen's Oversight Committee will be established within 60 days after the Board enters the election results in the minutes of the Board. The Board shall take actions necessary to establish an account in which bond proceeds will be deposited and as long as the proceeds remain unexpended the Superintendent shall file an annual report which shall state the amount of bond proceeds received and expended in that year, as well as the status of any projects funded or to be funded by the bond proceeds.
The bonds may be issued and sold in several series, and no bond shall be made to mature more than forty (40) years from the date borne by that bond. The best estimate of the highest tax rate required to fund the bonds, based on the estimated assessed valuations available at the time of filing the Tax Rate Statement, is $19.00 per $100,000 of the taxable property within the District.
This Measure requires a fifty-five percent (55%) vote for passage.
NOTICE TO VOTERS
Approval of Measure OS does not guarantee that the proposed project or projects in the Castaic Union School District that are the subject of bonds under Measure OS will be funded beyond the local revenues generated by Measure OS. The District's proposal for the project or projects assumes the receipt of matching State funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure.
|Arguments For Measure QS|
Vote YES on QS for QUALITY SCHOOLS in Castaic.
Measure QS gives Castaic LOCAL control over LOCAL funds for LOCAL needs.
Voting Yes on QS will help Castaic schools to:
We cannot rely on the State to adequately fund our schools and waiting will only make these projects more expensive. Voting Yes on QS allows Castaic schools to take advantage of historically low interest rates and construction costs.
The best part is, Sacramento can't take away ONE PENNY of Measure QS funding.
Please join Castaic's teachers, principals, parents, seniors and business and civic leaders in voting YES on QS for QUALITY SCHOOLS in Castaic.
VICTOR M. TORRES
Local Realtor, Member of Castaic Education Foundation
(No arguments against Measure QS were submitted)
|Tax Rate Statement from JAMES M. GIBSON, Superintendent of Schools, Castaic Union School District|
|An e~ection will be held in the Castaic Union School District (the "District") on
November 6, 2012, to authorize the sale of up to $51 million in bonds of the
District to finance school facilities as described in the proposition. If the bonds
are approved, the District expects to issue the bonds in multiple 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 through 9404 of the 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 $0.019 per $100 ($19.00 per $100,000) of assessed valuation in fiscal year 2013-14.
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 $0.019 per $100 ($19.00 per $100,000) of assessed valuation in fiscal year 2022-23.
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 $0.019 per $100 ($19.00 per $100,000) of assessed valuation, which is projected to be the same in every fiscal year that the bonds remain outstanding.
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, which could be more or less than the assessed 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. Certain taxpayers may also be eligible to postpone payment of taxes.
Property owners should consult their own property tax bills and tax advisors 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 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: July 19, 2012.