This is an archive of a past election.|
See http://www.smartvoter.org/ca/slo/ for current information.
Atascadero Unified School District
School Bond - 55% Approval Required
Pass: 9165 / 65.33% Yes votes ...... 4864 / 34.67% No votes
Index of all Measures
Results as of Nov 23 11:12am, 100.0% of Precincts Reporting (22/22)|
51.6% Voter Turnout (14029/27168)
|Information shown below: Official Information | Impartial Analysis | Arguments | Tax Rate Statement ||
To expand vocational education programs and facilities; upgrade classroom computers and technology; construct a Science, Technology, Engineering and Mathematics facility; rebuild and replace roofs; and repair, renovate, construct and acquire classrooms and facilities throughout the District; shall Atascadero Unified School District be authorized to issue $117 million of bonds within legal interest rates, so long as there is an independent local citizens' oversight committee and no funds can be taken by the State and spent elsewhere?
On November 7, 2000, the voters of California passed "Proposition 39," amending Article XIIIA, section 1 and Article XVI, section 18 of the California Constitution. The amendments authorize the District to incur bonded indebtedness for the purpose of financing the construction, reconstruction, rehabilitation, or replacement of school facilities upon approval of 55% of the voters.
If approved, this measure will allow the District to issue up to $117 million in general obligation bonds. The bond proceeds will be used to acquire and improve school facilities within the District., The bonds and interest thereon would be financed by ad valorem taxes levied annually on taxable real property within the District and will increase the tax rate on real property within the District above 1% of the full cash value for the period necessary to pay the principal and interest on the bonds, as permitted by Article XIIIA, section 1(b)(3) of the California Constitution. The District's Tax Rate Statement, which accompanies this analysis, reflects an estimate of the maximum property tax levies required to service the bonds.
In accordance with the above-referenced constitutional provisions, Government Code sections 53410 and 53411 and Education Code section 15264 et seq., the measure contains the following requirements:
1. That the proceeds from the bond sale shall be used only for the purposes listed in the measure and not for any other purpose, including teacher and administrator salaries and other operating expenses;
2. A list of the specific facilities projects to be funded and certification that the District Board has evaluated safety, class size reduction, and information technology needs in developing that list;
3. That the District Board will conduct an annual performance audit to ensure that the funds have been spent only on the specific facilities projects listed in the measure;
4. That the District Board will conduct an annual, independent financial audit of the proceeds from the bond sales until all proceeds have been spent on the facilities projects listed in the measure;
5. That the District will maintain the proceeds from the bonds in a separate account and the District Superintendent shall cause a report to be filed annually with the District Board;
6. That the District Board shall establish a citizens' oversight committee to monitor expenditures and to ensure that bond proceeds are used to fund the specific projects listed in the measure.
A "Yes" vote on this measure is a vote in support of the issuance of $117 million in general obligation bonds to be used for the purposes of improving school facilities within the District.
A "No" vote on this measure is a vote against the issuance of $117 million in general obligation bonds to be used for the purposes of improving school facilities within the District.
|Arguments For Measure I-10|
Our schools in the Atascadero Unified School District are the most
important asset in our community and should be our number one
priority. From higher achieving students to greater neighborhood safety
to improved property values, quality schools make a difference.
Your YES vote on Measure I-10 will improve our local schools by
expanding educational programs and facilities, upgrading technology
and computers in the classrooms and making needed renovations and
repairs throughout the district with no tax increase.
Measure I-10 will improve classrooms and school facilities by:
Measure I-10 makes financial sense and protects taxpayers
s/ Robert J. Wilkins, Jr., Business Owner
s/ Thomas Patrick O'Malley, Atascadero City Councilman>
s/ Barbara W. Butz, Community Volunteer
s/ James Patterson, County Supervisor -- 5th District
(No arguments against Measure I-10 were submitted)
|Tax Rate Statement from Jackie Martin, Assistant Superintendent of Business Services, Atascadero Unified School District|
|An election will be held in Atascadero Unified School District (the
"District") on November 2, 2010 to authorize the sale of $117,000,000 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 $.0590 per $100 ($59.00 per $100,000) of assessed valuation in fiscal year 2011-12.
2. 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 last series of bonds, based on estimated assessed valuations available at the time of filing of this statement, is $.0590 per $100 ($59.00 per $100,000) of assessed valuation in fiscal year 2019-20.
3. The best estimate of the highest tax rate that would be required to fund this bond issue, based on estimated assessed valuations available at the time of filing this statement, is $.0590 per $100 ($59.00 per $100,000) of assessed valuation.
4. The best estimate of the average tax rate required to fund this bond issue, based on estimated assessed valuations available at the time of filing of this statement, is $.0590 per $100 ($59.00 per $100,000) of assessed valuation.
These estimates are based on projections derived from information obtained from official sources. The actual tax rates and the years in which they will apply may vary depending on the timing of bond sales, the amount of bonds sold at each sale and actual increases in assessed valuations. The timing of the bond sales and the amount of bonds sold at any given time will be determined by the needs of the District. Actual assessed valuations will depend upon the amount and value of taxable property within the District as determined in the assessment and the equalization process.