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School Safety and Construction Bond Measure
Hayward Unified School District
55% Approval Required
Pass: 17976 / 77.35% Yes votes ...... 5263 / 22.65% No votes
Index of all Measures
|Results as of Dec 28 11:38am, 100.00% of Precincts Reporting (129/129)|
|Information shown below: Arguments | Tax Rate Statement ||
To protect quality education and student safety at local schools, with funding that the State cannot take away, shall Hayward Unified School District: modernize, renovate, replace aging classrooms, bathrooms, leaking roofs; replace outdated electrical, plumbing, heating/ventilation systems; update classroom computer technology/science labs; improve access for disabled students; and install modern fire safety/emergency communication systems; by issuing $229 million in bonds at legal rates, with independent oversight, no money for administrators, and all funds staying local?
|Arguments For Measure L||Arguments Against Measure L|
|EVERY CHILD deserves to learn in safe, modern school facilities.. Your YES VOTE on Measure L will help our community take the next step to make it true throughout Hayward.
Our Hayward neighborhood schools have educated generations of local children. But today, many of the schools have grown old, outdated, and overdue for repairs and upgrades. Measure L provides a prudent, responsible plan to continue modernizing all Hayward schools for improved student safety and equal access to quality instruction and learning.
Measure L will:
ALL Measure L funds stay local, benefitting ONLY Hayward schools and students. The State CANNOT take this funding away.
Taxpayer protections are REQUIRED. Measure L is for school technology, facilities and equipment ONLY. NO funds are allowed for administrators' salaries. Independent Citizens' Oversight and mandatory audits will ensure funds are spent properly.
Whether or not you have school-age children, improving Hayward schools is a wise investment. Good schools protect home values. As our schools are improved, the local economy will also get a needed boost.
Our community has generously supported earlier school improvement measures-and HUSD schools are improving with that support. Measure L continues the progress so all our children get the same access to success in school, college, careers and life.
Please join teachers, parents, HUSD alumni, business, Labor and community leaders, and residents throughout Hayward VOTING YES to support safe, modern, Hayward schools.
Please VOTE YES on Measure L. Thank you!
No arguments against Measure L were submitted.
|Tax Rate Statement|
|An election will be held in the Hayward Unified School District (the "District") on November 4, 2014, to authorize the sale of up to $229,000,000 in bonds of the District to finance the school facilities as described in the proposition. If the bonds are approved, the District expects to sell the bonds in three 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 California.
1. The best estimate of the tax which would be required to be levied to fund bonds issued during the first fiscal year after the sale ofthe first series of bonds is 4.899 cents per $100 ($48.99 per $100,000) of assessed valuation in fiscal year 2016-2017.
2. The best estimate of the tax which would be required to be levied to fund bonds issued during the first fiscal year after the sale of the last series of bonds is 4.896 cents per $100 ($48.96 per $100,000) of assessed valuation in fiscal year 2020-2021.
3. The best estimate of the highest tax rate which would be required to be levied to fund bonds issued is 4.900 cents per $100 ($49.00 per $100,000) of assessed valuation in fiscal year 2015- 2016, 2017-2018, and 2018-2019.
The tax rate is expected to remain approximately level from year to year.
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, 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.
HAYWARD UNIFIED SCHOOL DISTRICT