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Measure D Bond Measure South Bay Union School District 1434 / 71.34% Yes votes ...... 576 / 28.66% No votes
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Index of all Measures |
Infomation shown below: Impartial Analysis | Arguments | Tax Rate Statement | | |||||
To repair and modernize aging schools, remove safety
hazards, and help reduce class size, shall the South Bay School District
incur bonded indebtedness of $1,500,000 at interest rates within legal
limits, for purposes including: Modernizing schools for computer
technology; Removing asbestos; Replacing leaky roofs, broken heating
systems; and deteriorating walls, restrooms, and flooring; Constructing new
classrooms/facilities, a school library, and community center; Upgrading
security and fire alarms.
No bonds funds will be used for administrative personnel.
If there is a two-thirds (2/3) vote in favor of Measure D, the South Bay
Union School District will be authorized to incur bonded indebtedness in
the amount of $1.5 million dollars for the following stated purposes:
If the measure passes South Bay Union School District will be authorized to levy an annual ad valorem property tax on property located within the South Bay Union School District boundaries to pay for the debt service (principal and interest) on the bonds. The interest rate on the Bonds shall not exceed the statutory limit. The number of years the whole or any part of the bonds are to run shall not exceed the legal maximum allowable term. The exact effect on tax rates of the issue and sale of the Bonds cannot be determined until the Bonds have been sold. Estimated information regarding tax rates is provided in the Tax Rate Statement. If the measure is not approved by at least two-thirds (2/3) of the qualified electors voting on the measure, the measure will fail. A "yes" vote is a vote to authorize the South Bay Union School District to issue and sell the bonds. A "no" vote is against authorizing the South Bay Union School District to issue and sell bonds.
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Arguments For Measure D |
Last year community members, parents, teachers, and
staff made recommendations for the repair and modernization of South Bay
and Pine Hill Schools. Measure D will provide local funds to stop the
deterioration of school facilities and provide additional
classrooms/facilities in our efforts to expand class size reduction to
other grades. In addition, the measure would modernize district classrooms
for computer technology.
Many of the existing classrooms/facilities at South Bay and Pine Hill Schools are over 40 years old and need immediate repair and rehabilitation. Measure D will allow us to make these critical improvements and guarantee the use of these classrooms by future generations. But Measure D is about more than classrooms. It is also about the future education of our children. Measure D will build a new South Bay School library (currently housed in a dilapidated trailer), community center at Pine Hill School, refurbish a badly deteriorating South Bay School cafeteria, and replace defective plumbing and bathroom facilities. Measure D will:
All funds raised by this measure will stay in our local community and will be used to fix our schools. Let's show our children that we care. Vote YES on Measure D!
s/ Christopher Cody,
s/ Erling Dellabama,
s/ John Fullerton,
s/ William L. Osborne,
s/ Paul Ayers,
(No arguments against Measure D were submitted) |
Tax Rate Statement |
Tax Rate Statement Measure D
As shown by the enclosed sample ballot, an election will be held in the South Bay Union Elementary School District of Humboldt County to authorize the sale of $1,500,000 in general obligation bonds. In compliance with Elections Code Section 9400-9404, the following information is submitted: 1. The best estimate of the tax rate which would be required to fund the above 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 $0.039 per $100 assessed valuation in fiscal year 1999-2000. 2. The best estimate of the tax rate which 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 $0.049 per $100 assessed valuation in fiscal year 2000-2001. 3. The best estimate of the highest tax rate which would be required to fund this bond issue, based on estimated assessed valuations available at the time of filing of this statement is $0.049 per $100 assessed valuation in fiscal year 2000-2001. 4. The best estimate of the lowest tax rate which would be required to fund this bond issue, based on estimated assessed valuations is $0.018 per $100 assessed valuation. 5. The best estimate of the average tax rate which would be required to fund this bond issue, based on estimated assessed valuation during the life of the bond is $0.028 per $100 assessed valuation. These figures are based on projections and estimates only and are not binding upon the District. The actual timing of the sale of bonds and the amount sold at any given time will be governed by the needs of the District, the debt limit at the time of sale, the condition of the bond market and other factors. The actual future assessed values will depend upon the amount and value of taxable property within the District as determined in the assessment and equalization process. The actual tax rates and the years in which they will apply may vary from those presently estimated.
s/ Paul Johnson
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