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LWV League of Women Voters of California Education Fund
Smart Voter
Los Angeles County, CA November 4, 2008 Election
Measure Y
School Safety and Core Academic Facilities
Torrance Unified School District
School Bond - 55% Approval Required

Pass: 44,075 / 74.37% Yes votes ...... 15,192 / 25.63% No votes

See Also: Index of all Measures
Information shown below: Official Information | Impartial Analysis |

To make classrooms and core academic facilities safe and modern, improve learning and qualify for State matching money, shall Torrance Unified School District renovate or replace outdated classrooms and school buildings; repair damaged walls and floors; replace worn-out roofs, plumbing and lighting systems; repair faulty drainage systems, hardscapes, and other safety hazards, by issuing $265 million in bonds at legal interest rates with mandatory audits, independent citizen oversight and all money staying local?

Official Sources of Information

Impartial Analysis from Raymond G. Fortner, Jr.
County Counsel
Approval of Measure Y would authorize the Torrance Unified School District (“District”) to issue general obligation bonds, in an amount not to exceed $265,000,000.

Funds received from the sale of the bonds shall be used for the specific purposes set forth in this Measure including, constructing, renovating, or replacing classrooms and school buildings; repairing walls and floors; replacing roofs, plumbing and lighting systems; repairing drainage systems, hardscapes, and safety hazards. No funds may be used for teacher and administrator salaries or any other school operating expenses.

Independent performance and financial audits will be performed annually to ensure that the funds received from the sale of the bonds are expended as specified in the Measure. All bond expenditures will be monitored by an independent Citizen’s Oversight Committee to ensure that the funds are spent as specified.

The bonds shall bear or accrue interest at a rate not to exceed the legal maximum. The bonds shall mature and be paid no later than forty (40) years following their date of issuance. By issuing the bonds the District may be eligible to receive matching state funds.

This Measure requires a fifty-five percent (55%) vote for passage.

   Official Information

Torrance Unified School District
District Statistics

GreatSchools.Net
News and Analysis

Time-Warner Cable

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