4,191 / 61.3% Yes votes ...... 2,645 / 38.7% No votes

See Also: Index of all Measures

1. 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 first series of bonds, based on estimated assessed valuations available at the time of filing of this statement, is $.01688 per $100 of assessed valuation in fiscal year 1999-2000.
2. 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 this statement, is $.09821 per $100 of assessed valuation in fiscal year 2005-06.
3. 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 $.09821 per $100 of assessed valuation in fiscal year 2005-06.

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.

s/William La Plante
Superintendent
Galt Union High School District

Measure P provides for an annual review of expenditures by an independent citizens' oversight committee, without specifying the process for selection or composition of such committee.

If Measure P is approved, the actual dates of sale and the amount of bonds sold would be governed by the District. The number of years that the whole or any part of such school district bonds are to run could not exceed the statutory maximum of 25 years, calculated from the date of the bonds or any series thereof. If Measure P is approved, the tax rates necessary for payment of principal and interest on any bonds sold will be largely dictated by the timing of the bond sales, the amount sold at a given sale, market interest rates at the time of each sale (although in no event greater than a maximum of 8 percent per annum), as well as actual assessed valuation of taxable property in the District over the term of repayment.

Passage of Measure P requires approval by two-thirds of the voters voting thereon.