This is an archive of a past election.|
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Corona-Norco Unified School District
55% Approval Required
Pass: 20,876 / 57.02% Yes votes ...... 15,734 / 42.98% No votes
Index of all Measures
|Results as of November 21 7:51am, 100.00%% of Precincts Reporting (96/96)|
|Information shown below: Impartial Analysis | Arguments | Tax Rate Statement ||
Shall Corona Norco Unified School District, serving areas of Corona, Norco and Eastvale, upgrade classrooms, science labs, computers, careertraining technology to support high-quality instruction in math, science, engineering, technology/skilled trades, repair/replace leaky roofs, floors, plumbing/hazardous materials where needed, address overcrowding, improve student safety/security, repair, construct, acquire, equip classrooms, facilities/sites, by issuing $396 million in bonds, at legal rates, with citizen oversight, no administrator salaries, and all funds dedicated to improving local neighborhood schools?
This Measure was placed on the ballot by the Board of the above- identified District.
The Bonds would be used by the District to upgrade and rehabilitate existing school facilities, construct, acquire, repair and upgrade classroom sites and facilities with technology, repair and renovate existing school facilities, including roofing, plumbing, flooring and roofing infrastructure, improve safety and security at schools, and safety conditions in facilities and address overcrowding. The Bonds would not be used to fund the salaries or benefits of any board members, administrator, and/or teachers or for other school operating expenses.
If Measure "GG" is approved, the Board of the District will appoint a citizens' oversight committee and conduct annual independent audits to assure that bond funds are spent only on 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, and for no other purposes.
An ad valorem tax would be levied and collected on property within the boundaries of the District to pay the principal and interest on the Bonds.
The Resolution provides that the maximum interest rate on the Bonds will not exceed the maximum interest rate permitted by the applicable laws of the State and the maximum term of the Bonds, or any series thereof, will not exceed 40 years.
Approval of Measure "GG" does not guarantee that the proposed project or projects in the Corona-Norco Unified School District that are the subject of the Bonds under Measure "GG" will be funded beyond the local revenues generated by Measure "GG". 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.
For this Measure to be approved fifty-five percent (55%) of qualified voters who vote on the Measure must vote yes.
A "YES" vote on Measure "GG" is a vote to allow the District to sell the Bonds and levy the necessary taxes to pay for the Bonds.
A "NO" vote on Measure "GG" is a vote against allowing the District to sell the Bonds and levy the necessary taxes to pay for the Bonds.
By: Ronak N. Patel, Deputy County Counsel
|Arguments For Measure GG||Arguments Against Measure GG|
|Corona Norco Unified School District provides a nationally recognized, high-quality education. Whether or not you have school-age children, protecting the quality of our great local schools and the value of our homes is a wise investment.
Academic standards are rising to meet the needs of the 21st century. If we want our kids to succeed in college and careers they must have a solid background in science, math and technology. Older schools need upgrades and repairs to meet the technology needs of 21st-century education, meet current safety standards and address overcrowding.
Measure "GG" invests in upgrades to maintain high-quality education in Corona, Norco and Eastvale area schools by:
(No arguments against were submitted)
|Tax Rate Statement from District Superintendent|
|To: The voters voting in the November 4, 2014 election on the question of the issuance of $396,000,000 General Obligation Bonds of the Corona-Norco Unified School District.
You are hereby notified in accordance with Section 9401 of the Elections Code of the State of California of the following:
1. The best estimate from official sources of the tax rate which would be required to be levied to fund principal and interest payments during the first fiscal year after the first sale of bonds (Fiscal Year 2015-2016), based on assessed valuations available at the time of the election and taking into account estimated future growth, is $.024000 per $100 of assessed valuation, which equates to $24.00 per $100,000.
2. The best estimate from official sources of the tax rate which would be required to be levied to fund principal and interest payments during the first fiscal year after the last sale of bonds (Fiscal Year 2036-2037), based on assessed valuations available at the time of the election and taking into account estimated future growth, is $.024000 per $100 of assessed valuation, which equates to $24.00 per $100,000.
3. The best estimate from official sources of the highest tax rate which would be required to be levied to fund principal and interest payments on the bonds and an estimate of the year in which that rate will apply, based on assessed valuations available at the time of the election and taking into account estimated future growth, is $.024000 per $100 of assessed valuation, which equates to $24.00 per $100,000. The tax rate is projected to be the same every year.
The attention of all voters is directed to the fact that the foregoing information is based upon projections and estimates only. 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 its 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. Accordingly, the actual tax rates and the years in which such rates are applicable may vary from those presently estimated as above stated.
By: Michael H. Lin, Ed.D.