This is an archive of a past election.|
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School Improvement Bonds
Little Lake City School District
School Bonds - 55% Approval Required
Pass: 8,041 / 76.79% Yes votes ...... 2,430 / 23.21% No votes
Index of all Measures
|Results as of Dec 2 2:20pm, 100.00% of Precincts Reporting (20/20)|
|Information shown below: Impartial Analysis | Arguments | Tax Rate Statement ||
To improve the quality of local schools by renovating old and outdated classrooms, restrooms, upgrading science labs and computer systems to keep pace with technology, improving student safety and security systems, repairing, constructing, acquiring classrooms, school facilities and equipment, and to remove hazardous materials and improve student safety and security systems shall Little Lake City School District issue $18,000,000 in bonds at legal rates, with mandatory audits, independent citizen oversight and all money staying local?
Funds received from the sale of the bonds shall be used only for the specific purposes set forth in the Measure, including renovating restrooms to make them accessible for students with disabilities; updating instructional technology; repairing or replacing roofs, floors, walkways, lighting, plumbing and electrical systems; removing hazardous materials from school sites; upgrading and repairing physical education facilities and playground equipment; replacing windows, lighting, irrigation, heating and ventilation systems; installing energy efficient systems; upgrading and expanding wireless systems, telecommunications, Internet and network connections; upgrading classroom and library technology and teaching equipment; and increasing electrical service capacity. No funds may be used for teacher or administrator salaries or other school operating expenses.
Independent performance and financial audits will be performed annually to ensure that bond proceeds have been expended only for the projects on the Bond Project List. The Board shall appoint an independent Citizens' Oversight Committee in compliance with Education Code section 15278 no later than 60 days after the Board enters the election results in its minutes.
The bonds issued pursuant to the Education Code shall have a maturity not exceeding twenty five (25) years, and the bonds issued pursuant to the Government Code shall have a maturity not exceeding forty (40) years. The best estimate of the highest tax rate required to fund the bonds, based on the assessed valuations available at the time of the election, is $25.00 per $100,000 of the taxable property within the District.
Approval of Measure EE does not guarantee that the proposed projects in the District that are the subject of the bonds will be funded beyond the local revenues generated by the Measure. The District's proposal for the identified projects assumes the receipt of matching State funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure.
This Measure requires a fifty-five percent (55%) vote for passage.
|Arguments For Measure EE|
Measure EE is about one thing: Improving the quality of our local schools.
While there have been significant improvements in the quality of Little Lake schools over the past few years, the fact remains that our community's schools are old, classrooms are inadequate, electrical systems are outdated. Schools built years ago need significant updating.
The average age of our local schools is 60 years old. Measure EE has been placed on the ballot to address the most pressing needs. Measure EE will:
Measure EE will protect the health, safety and security of Little Lake children.
All money raised by Measure EE will stay in our community to benefit local children. No money can be taken by the state or used for other purposes. None of the money will be used to pay for salaries or administrators.
Safe, quality schools protect property values.
Measure EE is a companion measure to Measure TT. Measure EE will provide funds to renovate schools. Measure TT will provide textbooks, educational materials and funding for art, music and school maintenance.
Please vote YES on both Measures EE and TT.
LUIGI A. VERNOLA
(No arguments against Measure EE were submitted)
|Tax Rate Statement from PHILLIP PEREZ, Ed.D., Superintendent, Little Lake City School District|
|An election will be held in the Little Lake City School District (the "District") on
November 6, 2012, to authorize the sale of up to $18,000,000 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, is $25.00 per $100,000 of assessed value for 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 a projection of assessed valuations, is $25.00 per $100,000 of assessed value for fiscal year 2020-21.
3. The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on a projection of assessed valuations, is $25.00 per $100,000 of assessed value, which is projected to be the same in every fiscal year that the bonds remain outstanding.
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 construction 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.