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LWV League of Women Voters of California
Smart Voter
Sacramento County, CA October 23, 2001 Election
Measure W
Bonds
Galt Joint Union Elementary School District

2058 / 71.1% Yes votes ...... 837 / 28.9% No votes

See Also: Index of all Measures

Information shown below: Impartial Analysis | Arguments | Tax Rate Statement |

Shall Galt Joint Union Elementary School District relieve overcrowding, improve education and increase student safety throughout the district by constructing an elementary and middle school on district owned land, by issuing $9.24 million of bonds at interest rates within the legal limit, with citizen oversight, annual audits of expenditures and performance and no proceeds used for teacher or administrator salaries or other school operating expenses?

Approval of Measure W does not guarantee that the proposed project or projects in the Galt Joint Union Elementary School District that are the subject of bonds under Measure W will be funded beyond the local revenues generated by Measure W. The school 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.

Impartial Analysis

Prepared by the Sacramento County Counsel

Approval of Measure W would allow the Galt Joint Union Elementary School District to incur bonded indebtedness up to a maximum amount of $9.24 million. The issuance and sale of such general obligation bonds would be for the specific purposes of acquiring and constructing a new middle school and a new elementary school on property owned by the School District. No funds derived from the bond sales could be applied to any other purposes that those for which the bonds were issued. Additionally, by its terms, Measure Wspecifically prohibits use of any bond sale proceeds for district administrator or teacher salaries or other operating expenses.

Measure W provides for annual expenditures and performance audits and also for citizen oversight without detailing the design, scope or manner of such oversight.

If Measure W 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 W is passed, 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 the maximum bond net interest rate allowed by law), as well as actual assessed valuation of taxable property in the District over the term of repayment. Passage of Measure W requires approval by two-thirds of the voters voting thereon.

  Official Information

Official Voter Information Pamphlet
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Arguments For Measure W
Vote Yes on Measure W Our students deserve your Yes vote on Measure W. On average, the District has grown 200 students per year over the last 10 years with over 900 residential dwelling units planned for the immediate future.

Current school facilities simply can't keep pace with our growing population. Additional schools must be constructed to relieve overcrowding and accommodate a growing enrollment.

Measure W will:

Construct a new middle school east of Highway 99 to accommodate growing enrollment and reduce overcrowding at Greer Middle School.

Build an additional elementary school on Lake Canyon Avenue that will help reduce the student population at existing elementary schools and give the District an opportunity to phase out year-round schedules.

Allow our District to qualify for $8.24 million in state grants. These funds will allow the District to use local Mello Roos dollars to construct Quail Hollow Elementary School.

Measure W will alleviate overcrowding at all existing schools!

Every penny of Measure W will be spent wisely.

A Citizens Oversight Committee will be created to ensure all expenditures are spent as voters approved. There will be annual, independent public audits of all spending.

Our kids deserve your vote.

There are more than 4,000 children between the ages of 5 and 14 enrolled in our school district. They need a good education today to meet tomorrow's challenges. They need your help.

On October 23rd, please join us in voting Yes on Measure W.

"The undersigned proponent(s) of the primary argument in favor of ballot Measure W at the Special Election for the Galt Elementary School District to be held on October 23, 2001, hereby state that such argument is true and correct to the best of their knowledge and belief."

Bill Tanimoto, PTA President, Valley Oaks School
Valerie Garbarino, PTA Co-President, Fairsite School
Elisa Mello, PTSV President, Vernon E. Greer Middle School
Jene Neal, PTA President, River Oaks School
Karin M. Liu, 2000/ 2001 PTA President, Marengo Ranch School

(No arguments against Measure W were submitted)

Tax Rate Statement
As shown on the enclosed official ballot, an election is being held in the Galt Joint Union Elementary School District (the "District") on October 23, 2001, for the purpose of submitting to the registered voters of the District the question of whether the District shall issue and sell bonds of the District in the amount not to exceed $9,240,000. The bonds shall bear interest at a rate, or rates to be established at such time as the bonds are sold, not to exceed the maximum applicable statutory rate for such bonds. If such bonds are authorized and sold, the principal thereof and the interest thereon are a general obligation of the District payable from the proceeds of tax levies on real property in the District.

The following information regarding the tax rate is given to comply with Sections 9400 to 9404 of the Elections Code. Such information is based upon the best estimates and projections presently available from official sources and other experience within the District or demonstrable factors and is subject to change.

(a) The best estimate from official sources of the tax rate which would be required to be levied to fund the bond issue during the first fiscal year after the first and only sale of the bonds based on assessed valuations available at the time of the election or a projection based on experience within the same jurisdiction or other demonstrable factors is $37.90 per $100,000 of assessed valuation for tax year 2002-03.

(b) The best estimate from official sources of the highest tax rate which would be required to be levied to fund the bond issue during the term of the bond issue based on assessed valuations available at the time of the election or a projection based on experience within the same jurisdiction or other demonstrable factors is $38.20 per $100,000 of assessed valuation. It is estimated that the highest tax rate would apply in the 2008-09 tax year.

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 any bond sales, the amount of bonds sold, and actual increases in assessed valuations. The timing of the bond sales and the amount of bonds sold at any given time will be governed by the needs of the District.


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Created: October 30, 2001 11:03
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