League of Women Voters of California Education Fund
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Measure A School District Repair and Facility Improvement Bond of 2004 Orange Unified School District Bond Measure - 55% Approval Required 42928 / 54.6% Yes votes ...... 35712 / 45.4% No votes
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Index of all Measures |
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| Information shown below: Impartial Analysis | Arguments | Tax Rate Statement | | ||||
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Shall the District issue and sell bonds of the District in the amount not to exceed $196,000,000.
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Partisan Information
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| Arguments For Measure A | Arguments Against Measure A |
Orange Unified Schools need our help. Most of our local schools are over 40 years old. Many of these schools need substantial improvements.
For example, these schools have deteriorating roofs, ceilings, plumbing and electrical systems. Measure A will remedy this problem. Measure A will make our district's schools eligible for $80 million in state funding. These are existing State funds already set aside. However, if we do not pass Measure A, this money will not go to our local schools, but will go to schools in places like Los Angeles and San Francisco. We must insure that our children have the tools and skills they need to compete in an everchanging workplace. At the minimum, we must upgrade our classrooms to accommodate current and future computer and technology needs, upgrading science labs, as well as our school libraries.
Fiscal conservatives and senior citizens support Measure A because it contains important taxpayer safeguards. These items include an oversight committee made up of respected local citizens and extensive fiscal audits to insure projects are on time and within budget. It makes sense to pass Measure A now. Interest rates remain very low and homeowners realize that the quality of local schools helps to maintain and even increase their home values.
Remember, Measure A will:
| No argument against this measure was submitted.
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| Tax Rate Statement from Superintendent |
| As shown on the enclosed official ballot, an election is being held in Orange Unified School District (the "District") on November 2, 2004, 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 $196,000,000. 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 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 $36.45 per $100,000 of assessed valuation for tax year 2005/06. (b)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 last 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 $36.44 per $100,000 of assessed valuation for tax year 2011/12. (c) 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 $36.45 per $100,000 of assessed valuation. It is estimated that the highest tax rate would apply in the 2005/06 tax year. (d)The best estimate from official sources of the average annual 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 $36.45 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 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: December 15, 2004 13:32 PST
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