This is an archive of a past election.|
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League of Women Voters of California Education Fund
Peralta Community College
55% Approval Required
Pass: 97,621 / 75.7% Yes votes ...... 31,405 / 24.3% No votes
Index of all Measures
|Results as of Jul 17 11:35am, 100.0% of Precincts Reporting (450/450)|
|Information shown below: Impartial Analysis | Arguments | Tax Rate Statement | Full Text|
Shall Peralta Community College District, which includes Laney and Merritt Colleges in Oakland, Berkeley City College (Vista), and the College of Alameda, issue $390 million of bonds at the lowest legal interest rates to repair, renovate, construct, acquire, and equip classrooms, educational buildings and college campuses so long as spending is annually reviewed by an independent citizens' oversight committee, no funds are used for administrative salaries, and funds are spent locally and cannot be transferred to the State?
Pursuant to Section 18 of Article XVI and Section 1 of Article XIII A of the California Constitution and California Education Code Section 15264 and following, this measure will become effective upon the affirmative vote of at least 55% of the qualified electors voting on this measure. If 55% of those who vote on the Measure vote "yes", the District will be authorized to issue bonds in the amount not to exceed $390,000,000.
Approval of this measure will authorize Alameda County 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 Measure A in this Voter Pamphlet reflects the District's best estimates, based upon currently available data and projections, of the property tax rates required to service the bonds. The estimated tax rate required to be levied to fund the bonds in the first fiscal year after the sale of the first series of bonds is $7.65 per $100,000 of assessed valuation; the highest and final tax rate is estimated to be $25.00 per $100,000, as is set forth more fully in the measure's Tax Rate Statement in this Voter Pamphlet.
If fifty-five percent of those voting on this measure do not vote for approval, the measure will fail and the Peralta Community College District will not be authorized to issue the bonds.
s/RICHARD E. WINNIE County Counsel
The above statement is an impartial analysis of Measure A, which measure is printed in full in this sample ballot pamphlet. If you desire an additional copy of the measure, please call the Elections Official's office at (510) 272-6933 and a copy will be mailed at no cost to you.
|Arguments For Measure A|
Since 1964, over a million students from Alameda, Albany, Berkeley, Emeryville, Oakland and Piedmont have benefited from the educational opportunities offered by Laney and Merritt Colleges in Oakland, Vista Community College (Berkeley City College) and College of Alameda.
Aging and inadequate facilities threaten the quality of our community's educational programs. These vital programs provide job training and career advancement for tens of thousands of current and future students. Facilities designed nearly four decades ago to meet yesterday's educational needs are now outdated and threaten the future of education in our community. Measure A will:
Measure A funds will remain in our community and cannot be taken by the State and spent elsewhere. Measure A cannot be used to pay District salaries or administrative costs and will include guaranteed annual audits and a citizen's oversight committee. Measure A will also allow our community colleges to qualify for state matching funds.
(No arguments against Measure A were submitted)
|Tax Rate Statement from Vice Chancellor, Budget & Finance|
|An election will be held in Peralta Community College District (the "District") on June 6, 2006 to authorize the sale of $390 million in general obligation bonds. The following information is submitted in compliance with Sections 9400-9404 of the California Elections Code.|
1. The best estimate of the tax rate that would be required 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 $.00765 per $100 ($7.65 per $100,000) of assessed valuation in fiscal year 2006-07.
s/Thomas L. Smith
|Full Text of Measure A|
By approval of this proposition by at least 55 percent of the registered voters voting on the proposition, the District shall be authorized to issue and sell bonds of up to $390,000,000 in aggregated principal at interest rates below the legal limit, to provide finance for the specific college facilities projects listed in the Bond Project List attached hereto as Exhibit A-1, subject to all the accountability requirements specified below.
BOND PROJECT LIST
Approval of this Bond Measure (the "Measure") does not guarantee that the proposed project or projects in the District that are the subject of bonds under the Measure will be funded beyond the local revenues generated by the Measure. If state matching funds become available, they will be used for and applied to the Bond Project List as per Exhibit A-1. 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.
The Board hereby certifies that it has evaluated safety, enrollment growth, and information technology needs in developing the Bond Project List contained in Exhibit A-1.
Independent Citizens' Oversight Committee.
The Board shall establish an Independent Citizens' Oversight Committee pursuant to Education Code Section 15278 and following to ensure bond proceeds are expended only on the college facilities projects listed in Exhibit A-1. The committee shall be established within 60 days of the date when the results of the election appear in the minutes of the Board.
The Board shall conduct an annual, independent performance audit to ensure that the bond proceeds have been expanded only on the college facilities projects listed in Exhibit A-1.
The Board shall conduct an annual, independent financial audit of the bond proceeds until all of those proceeds have been spent for the college facilities projects listed in Exhibit A-1.
Special Bond Proceeds Account: Annual Report to Board.
Upon approval of this proposition and the sale of any bonds approved, the Board shall take actions necessary to establish an account in which proceeds of the sale of bonds will be deposited. As long as any proceeds of the bonds remain unexpended, the chief fiscal officer of the District shall cause a report to be filed with the Board annually stating (1) the amount of bond proceeds received and expended in that year, and (2) the status of any project funded or to be funded from bond proceeds. The report may relate to the calendar year, fiscal year, or other appropriate annual period as the Chancellor shall determine and may be incorporated in the annual budget, audit, or another appropriate routine report to the Board.