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Measure I School Improvement Funding Fullerton Joint Union High School District School Bonds - 55% Approval Required
See Also:
Index of all Measures |
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League of Women Voters of California Education Fund
Pass:
25,415 /
58.6% Yes votes ......
17,938 /
41.4% No votes
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Results as of Dec 28 11:40am, 100.0% of Precincts Reporting (156/156) 44.6% Voter Turnout (640,358 Total/1436296) Includes 141/141 Precincts in Orange County as of Dec 28 11:40am Includes 15/15 Precincts in Los Angeles County as of Nov 25 1:07pm |
| Information shown below: Official Information | Impartial Analysis | Tax Rate Statement | | |||||
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To improve Buena Park, Fullerton Union, La Habra, Sonora, Sunny Hills, and Troy High Schools, and prepare students for college and careers shall the Fullerton Joint Union High School District upgrade classrooms, science labs, sites, facilities; repair roofs, floors, plumbing, heating, ventilation and electrical systems; improve student safety and security; upgrade career training facilities and technology infrastructure be issuing $175 million in bonds at legal rates, with mandatory audits, independent oversight, and all funds staying local?
The California Constitution provides that school districts may issue general obligation bonds for the construction, reconstruction, rehabilitation or replacement of school facilities, including the furnishing and equipping of school facilities or the acquisition or lease of real property for school facilities, with the approval of 55% of the voters of the district, voting at an election for that purpose. The measure provides that funds received from the sale of the bonds shall be expended only on the specific high school improvement projects listed in the measure, including upgrading and constructing career technical education facilities, visual and performing arts facilities and science labs; upgrading classrooms, libraries, kitchens, cafeterias and administrative and support facilities; upgrading and constructing aquatics facilities, gymnasiums, tracks, sports fields, tennis courts and baseball/softball fields; upgrading network infrastructure; upgrading roofing; upgrading HVAC, plumbing, electrical and lighting systems; improving disability access; improving energy efficiency; upgrading security and safety systems; and upgrading landscaping and hardscapes. The measure provides that a citizens' oversight committee will be established to ensure that bond proceeds are properly expended. In addition, annual performance and financial audits will be conducted. The measure further provides that bond proceeds will not be used for teacher or administrator salaries or other school operating expenses. Approval of this measure will also authorize the District to levy an ad valorem tax on the assessed value of real property within the District by an amount needed to pay the principal and interest on these bonds in each year that the bonds are outstanding. The Tax Rate Statement for the measure in this sample ballot pamphlet reflects the District's best estimates, based upon currently available data and projections, of the property tax rates required to service the bonds. If 55% of the voters of the District voting on the measure vote yes, the District will be authorized to issue bonds in an amount not to exceed $175,000,000 and levy the related taxes as estimated in the Tax Rate Statement. A no vote on this measure will disapprove the issuance of the bonds and the levy of the taxes for such bonded indebtedness. The measure was placed on the ballot by the Board of Trustees of the District. Approval of Measure I does not guarantee that the proposed project or projects in the District that are the subject of bonds under Measure I will be funded beyond the local revenues generated by Measure I. The 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.
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| Tax Rate Statement from Superintendent, Fullerton Joint Union High School District |
| An election will be held in the Fullerton Joint Union High School District (the "District") on November 4, 2014, to authorize the sale of up to $175,000,000
in bonds of the District for the specific school facilities projects listed in the Bond Project List established by the District, as described in the proposition.
The District expects to sell the bonds in two or more 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 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 $19.00 per $100,000 of assessed
valuation in fiscal year 2014-15. 2. 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 $19.00 per $100,000 of assessed valuation in fiscal year 2014-15. 3. 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 $19.00 per $100,000 of assessed valuation in fiscal year 2020-21.
Dated: August 5, 2014 |
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Created: July 23, 2015 14:56 PDT
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