This is an archive of a past election.|
See http://www.smartvoter.org/ca/ed/ for current information.
To provide funding to improve school facilities
Tahoe-Truckee Unified School District
School Bond - 55% Approval Required
Pass: 140 / 55.12% Yes votes ...... 114 / 44.88% No votes
Index of all Measures
Results as of Nov 25 3:24pm, 100.0% of Precincts Reporting (2/2)|
46.5% Voter Turnout (254/546)
|Information shown below: Impartial Analysis | Arguments | Tax Rate Statement | Full Text|
Tahoe School Safety and Repair Measure. To improve Tahoe area schools with local funding that the State cannot take away, repair/replace roofs, plumbing and electrical systems, provide classrooms, science labs and technology meeting modern academic safety standards and providing a well-rounded education, construct, equip, repair, acquire school facilities/equipment to prepare students for college/high-demand jobs, shall School Facilities Improvement District No. 2 of the Tahoe-Truckee Unified School District issue $62,000,000 in bonds at legal rates with independent audits, citizens oversight, and no funds for administrators' salaries?
A general obligation bond is a form of borrowing commonly used to fund school facilities. By law, local general obligation bonds, financed through an increase in local property taxes, can be used for renovating, reconstructing, and building new facilities and for acquiring certain new equipment. When districts seek the 55% approval of voters they must meet special accountability requirements. In order to meet these accountability requirements, the District Board of Education has committed to the following:
A "YES" vote on this Measure would authorize the School Facilities Improvement District No 2 of the Tahoe-Truckee Unified School District to borrow money through the sale of bonds in an amount not exceeding $62,000,000.00, such bonds to be repaid by revenue derived from an annual tax levied upon the taxable property within the District.
A "NO" vote on this Measure is a vote against authorizing the sale of bonds by the District.
Edward L. Knapp
|Arguments For Measure E||Arguments Against Measure E|
|Vote Yes on Measure E to ensure high-quality education in Lakeside schools.
Whether or not you have school-age children, enhancing the quality of Lakeside schools is a wise investment in the future of our community. It will prepare our students to be competitive in the 21st century and maintain the value of our homes.
With steadily improving test scores on statewide exams for the last four years, student achievement is on the rise. However schools such as Tahoe Lake and Kings Beach Elementary were constructed more than 60 years ago. These schools are now outdated and in need of repairs.
Measure E will address the most urgent repairs such as aging roofs, deteriorating sewer lines, and outdated plumbing, electrical and fire alarm systems that will make our local schools clean and safe for learning.
Measure E will provide funding to ensure science and computer labs and classroom instruction keeps pace with technology, and that our schools equip students with the skills they need to succeed.
Measure E Will:
Alejandro Brambila, 32 year Resident Business Owner, Las Panchitas
No arguments against Measure E were submitted.
|Tax Rate Statement from Superintendent of the Tahoe-Truckee Unified School District|
An election will be held in the Tahoe Truckee Unified School District School Facilities Improvement District No. 2 (the "District") on November 4, 2014, to authorize the sale of up to $62,000,000 in bonds of the District to finance school facilities as described in the measure. If such bonds are authorized and sold, principal and interest on the bonds will be payable only 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. Such information is based upon the best estimates and projections presently available from official sources, upon experience within the District, and other demonstrable factors. Based upon the foregoing and projections of the District's assessed valuation, the following information is provided:
1. 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 first series of bonds, based on a projection of assessed valuations available at the time of filing of this statement, is $.02975 per $100 of assessed valuation (or $29.75 per $100,000 of assessed value) for fiscal year 2015-16.
Voters should note the estimated tax rate is based on the ASSESSED VALUE of taxable property on the County's official tax rolls, not on the property's market 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. Property owners should consult their own property tax bills and tax advisors to determine their property's assessed value and any applicable tax exemptions.
The attention of all voters is directed to the fact that the foregoing information is based upon 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 date of sale and the amount of bonds sold at any given time will be determined by the District based on the need for project 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 sale. Actual future assessed valuations 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.
Robert J. Leri
|Full Text of Measure E|
|The following is the full proposition presented to the voters of the School Facilities Improvement District No. 2 of the Tahoe-Truckee Unified School District.
Tahoe School Safety and Repair Measure. "To improve Tahoe area schools with local funding that the State cannot take away, repair/replace roofs, plumbing and electrical systems, provide classrooms, science labs and technology meeting modern academic safety standards and providing a well-rounded education, construct, equip, repair acquire school facilities/equipment to prepare students for college/high-demand jobs, shall School Facilities Improvement District No. 2 of the Tahoe-Truckee Unified School District issue $62,000,000 in bonds at legal rates with independent audits, citizen oversight, and no funds for administrators' salaries?"
(i) Effectively prepare our students for college; and
(ii) Ensure that all students receive a well-rounded, high quality education; and
(iii) Prepare our students to compete in the technologically advanced, highly competitive 21st Century economy by ensuring science and computer labs and classroom instruction keeps pace with newer technology, and that our schools equip students with the skills they need to succeed; and
(iv) Provide students who do not attend college with the job skills training, technical knowledge and specialized skills to compete for good-paying jobs by supporting career technical education programs with the required equipment, technology and classroom space to ensure our students can compete in the labor market.
(v) Adhere to specific ACCOUNTABILITY SAFEGUARDS such as:
(a) Every penny from this measure must stay in the Tahoe area for our local schools, and cannot be taken away by the State,school employees and, an independent citizen oversight committee must be appointed to ensure that all funds are spent only as promised,
(c) All expenditures must be subject to annual independent financial audits.Projects listed below will be undertaken at the following schools at:
King Beach Elementary School
North Tahoe High School
North Tahoe School
Tahoe Lake Elementary School
Rideout School Site including Coldstream Alternative School Renovation, Repair and Upgrade Projects Goal and Purpose: Since construction began on some of our schools in the 1930's and 1950's, such as Tahoe Lake Elementary School (1934) and King Beach Elementary School (1957), they have become outdated and need urgent and basic repairs, such as aging roofs, decaying walls, outdated plumbing, outdated electrical and fire alarm systems and poor ventilation so that our schools can be clean and safe for learning. The District expects between 15% and 25% of the bond proceeds to be used for the following projects:
FISCAL ACCOUNTABILITY: IN ACCORDANCE WITH EDUCATION CODE SECTION 15272, THE BOARD OF EDUCATION WILL APPOINT A CITIZENS' OVERSIGHT COMMITTEE AND CONDUCT ANNUAL INDEPENDENT AUDITS TO ASSURE THAT FUNDS ARE SPENT ONLY ON DISTRICT PROJECTS AND FOR NO OTHER PURPOSE. THE EXPENDITURE OF BOND MONEY ON THESE PROJECTS IS SUBJECT TO STRINGENT FINANCIAL ACCOUNTABILITY REQUIREMENTS. BY LAW, PERFORMANCE AND FINANCIAL AUDITS WILL BE PERFORMED ANNUALLY, AND ALL BOND EXPENDITURES WILL BE MONITORED BY AN INDEPENDENT CITIZENS' OVERSIGHT COMMITTEE TO ENSURE THAT FUNDS ARE SPENT AS PROMISED AND SPECIFIED. THE CITIZENS' OVERSIGHT COMMITTEE MUST INCLUDE, AMONG OTHERS, REPRESENTATION OF A BONA FIDE TAXPAYERS ASSOCIATION, A BUSINESS ORGANIZATION AND A SENIOR CITIZENS ORGANIZATION. NO DISTRICT EMPLOYEES OR VENDORS ARE ALLOWED TO SERVE ON THE CITIZENS' OVERSIGHT COMMITTEE.
NO ADMINISTRATOR SALARIES: PROCEEDS FROM THE SALE OF THE BONDS AUTHORIZED BY THIS PROPOSITION SHALL BE USED ONLY FOR THE ACQUISITION, CONSTRUCTION, RECONSTRUCTION, REHABILITATION, OR REPLACEMENT OF SCHOOL FACILITIES, INCLUDING THE FURNISHING AND EQUIPPING OF SCHOOL FACILITIES, AND NOT FOR ANY OTHER PURPOSE, INCLUDING TEACHER AND SCHOOL ADMINISTRATOR SALARIES AND OTHER OPERATING EXPENSES, INCLUDING PENSIONS.
Education Code section 15122.5 - Measure E Approval of Measure E does not guarantee that the proposed project or projects in the Tahoe/Truckee Unified School District that are the subject of bonds under Measure E will be funded beyond the local revenues generated by Measure E. The school district's proposal for the project or projects may assume the receipt of matching state funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure.