This is an archive of a past election.|
See http://www.smartvoter.org/ca/scz/ for current information.
League of Women Voters of California
San Lorenzo Valley Unified School District
Index of all Measures
|Information shown below: Fiscal Impact | Official Information | Arguments ||
To acquire, construct, and modernize school facilities, build new to replace 30-year-old portables, construct a permanent Junior High at the current site, upgrade drainage, replace deteriorating plumbing and inadequate electrical systems, improve student access toclassroom computers and technology, and make the District eligible to receiver over $8 million in state-matching funds, shall the San Lorenzo Valley Unified School District be authorized to issue $18,500,000 of bonds at an interest rate below the legal limit?
An election will be held in the San Lorenzo Valley Unified School District on November 7, 2000 to authorize the sale of up to $18.5 million in general obligation bonds of the District to finance the acquisition and improvement of real property for school purposes. If such bonds are authorized and sold, the principal thereof and interest thereon 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 theelection Code of the State of California.
1. The best estimate of the tax rate that would be required to be levied to fund the bond issue during the first fiscal year after the first sale of bonds based on a projection of future assessed valuations is $.026 per $100 of assessed valuation in Fiscal Year 2001-2002.
2. The best estimate of the tax rate that would be required to be levied to fund the bond issue during the first fiscal year after the last sale of bonds if the bonds are sold in series, and an estimate of the fiscal year in which that rate will apply, based on a projection of future assessed valuations is $.026 per $100 of assessed valuation in Fiscal Year 2011-12.
3. The best estimate of the highest tax rate that would be required to be levied to fund the bond issue and an estimate of the fiscal year in which that rate will apply, based on a projection of future assessed valuations, is again $.026 per $100 of assessed valuation, which is projected to be the same in every fiscal year.
Attention of all voters is directed to the fact that the foregoing is based upon projections and estimates only, which are not binding uponthe District. The actual tax rates and 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 at any given sale, and the actual assessed valuation over the term of the repayment of the bonds. The actual time of sales of said bonds and the amount sold at any given time will be governed by the needs of the District and other factors (including market rate variations in the interest rate on general obligation bonds). Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined in the assessment and equalization process.
News and Analysis|
Santa Cruz County Sentinel
|Arguments For Measure S||Arguments Against Measure S|
|The average age of the schools in the San Lorenzo Valley Unified School District is over 60 years old. The schools are central to our community and are assets to the residents. Two District schools were named California Distinguished Schools
in July; no other schools in Santa Cruz County have received the honor this year.
While the maintenance crew has done an admirable job of making the best use of scarce funds, the schools are now in urgent need of repairs and improvements. Annual district budgets are insufficient to fund these projects. Most of the classrooms at our schools are temporary portables and have outlived their useful lives. Our Junior High students attend classes at a school with just two permanent classrooms. The District is eligible to receive $8.0 million in State funds for some of these improvements, but in order to receive these funds, a local match is required.
Now is the time to provide our children with the schools they need to continue to excel.
Passage of Measure S will:
Voting YES will have lasting, positive benefits. Measure S will maintain our schools as a focal point of our community, allow for the continued quality education of our children, and add to the value of our community and homes.
VOTE YES ON MEASURE S
s/ Nancy Macy
s/ Dave Mercer, Educator
s/ Jeff Bidmon, President of the Board of Trustees
s/ Bob Locatelli
s/ Libby Purdy
|NO ARGUMENT AGAINST MEASURE S WAS FILED.|