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Measure G Bonds Old Adobe Union School District 55% Approval Required Pass: 3,391 / 56.8% Yes votes ...... 2,578 / 43.2% No votes
See Also:
Index of all Measures |
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Results as of Jul 12 3:14pm, 100.0% of Precincts Reporting (17/17) |
Information shown below: Impartial Analysis | Arguments | Tax Rate Statement | Full Text | ||||
To improve the quality of education, repair or replace leaky roofs; improve student access to computers and modern technology; modernize outdated classrooms, restrooms and school facilities; replace old heating, ventilation and air-conditioning systems; replace deteriorating plumbing systems; and make health and safety improvements; shall the Old Adobe Union School District issue $26,000,000 of bonds at legal interest rates, have an independent citizens' oversight committee and have no money used for administrative salaries or be taken by the State?
Money raised by the sale of the bonds can be used only for the purposes and projects stated in the Measure. The Bond Project List is set forth in the Measure, and is published in this ballot pamphlet. Examples of projects include but are not limited to renovating or constructing additional classrooms and other school facilities; repairing or replacing leaky roofs; upgrading and equipping labs and other school facilities; installing solar panels to increase energy efficiency; replacing older heating, air conditioning, plumbing, ventilation, and electrical systems with code compliant, energy efficient systems; improving student access to computers and modern technology; upgrading playgrounds, outdoor fields and equipment for school and community use; and upgrading schools to meet handicap accessibility requirements and current safety codes. As required by state law, the measure prohibits using bond proceeds for operating expenses or teacher and administrator salaries. The District's Board will establish the priority and order in which the projects will be completed. If the measure is adopted, the District's Board will conduct annual, independent financial and performance audits to verify that expenditures are proper and projects are being completed. In addition, an Independent Citizens' Oversight Committee will be established within sixty days of the report of election results to the Board. The proceeds of the bonds will be maintained in a separate account in the County Treasury, and the District Superintendent must report to the Board annually on the status of projects undertaken and the amount of bond proceeds received and expended in that year. These requirements are set out as "Accountability Requirements" in the Measure. Within limits set by law, the District has the discretion to decide when to sell all or any portion of the bonds. The bonds may be issued and sold in series, at different times, as projects are undertaken. The bonds of any series must mature within 40 years of the date they are issued. The funds to repay the bonds would be raised by an increase in property taxes based upon the value of land and improvements in the District. The interest rate on the bonds would depend on the market rate at the time the bonds are sold. The rate cannot exceed the rate set by state law, currently 12 percent. The Tax Rate Statement prepared by the District Superintendent, which estimates the property tax levies required to pay off the bonds, follows this analysis. The tax rate is a projection, and could go up or down, depending on a number of factors including changes in assessed value of property in the District. BRUCE D. GOLDSTEIN County Counsel By: s/ Kathleen Larocque Deputy County Counsel
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Official Information General Information
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Arguments For Measure G | Arguments Against Measure G | ||
Our elementary schools are one of the most important assets in our community and should be our number one priority. From higher achieving students, to greater neighborhood safety, to higher home values, quality schools make a difference. Our teachers and staff do their best in educating our children, but many classrooms and school facilities in the Old Adobe Union School District are old and inadequate to provide students with the school facilities they need to succeed.
Our children need your Yes vote on Measure G! While our facilities have been well maintained, our elementary school classrooms and facilities are outdated and do not meet 21st century standards. Measure G would allow the District to improve the quality of education provided to local children. Therefore, we must invest in our schools so they meet today's safety, technological, and educational standards. If passed, Measure G will provide funding to make critical facility improvements at our elementary schools by: repairing or replacing leaky roofs; improving student access to computers and modern technology; replacing old heating, ventilation, and air-conditioning systems; modernizing outdated classrooms, restrooms and school facilities; and replacing deteriorating plumbing systems. Measure G makes financial sense and protects taxpayers. Measure G raises funds needed to improve our schools. By law, spending must be reviewed and annually audited by an independent citizens' oversight committee; and all bond funds must be spent locally and cannot be taken by the state. In addition, funds can only be spent to improve our local elementary schools, not for teacher or administrator salaries. Measure G upgrades and renovates old and inadequate classrooms, improves the education of local children, and maintains the quality of our community. That's something we can all support. Please join us and vote Yes on Measure G! s/ Gabriel Kearney Council Member, City of Petaluma
BOYSANDGIRLSCLUB
s/ Elece Hempel Resident s/ Teresa Velasco Business Owner s/ Anthony J. Bendik Trustee, Parent, Firefighter
Don't be misled by claims that tax rates will not increase. Bond principal, interest, and fees paid the investment bankers must all be repaid and will be added to your tax bill. It gets worse. Administrators want to borrow money today that will be repaid in 40 years. Money that will be used to purchase computers, solar panels and other equipment having useful lives well short of 40 years. Future generations will be making the payments on this equipment long after it has been depleted and replaced by yet more short-term equipment funded by yet more long-term borrowing. It's a vicious circle and our children pay for it. Contrary to a common misunderstanding that we oppose all taxes and bonds, we in fact support districts that establish replacement reserve funds to avoid the need for future borrowing and tax increases. We are also receptive to bond funding when the maturity of the bond matches the useful lives of the improvements and equipment being made or acquired. Neither is the case here. Vote no on G. SONOMA COUNTY TAXPAYERS' ASSOCIATION
s/ Daniel A. Drummond, Executive Director
| Bonds are loans and must be repaid just like your mortgage or car loan. But unlike those loans, bonds are repaid from higher taxes. Bonds are typically issued to facilitate
the acquisition of assets having an expected useful life equal to or exceeding the life of the loan. Bonds thus allow the borrower to spread the cost of the asset over its expected useful life. But just as you would not take out a 30 year mortgage to buy a car, neither should the school district take out 40 year bonds to finance equipment (computers and other technology) and improvements (modernized classrooms and updated plumbing systems) that have useful lives well short of forty years. Doing so only places on our children and grandchildren the burden of
paying tomorrow for assets that will have long since been sent to the landfill.
Further, the fact that a roof and other major building components do not last forever should surprise no one. Providing for a sound roof, functioning heating system and other elements of the physical plant should be every bit as much a part of the annual budgeting as staff salaries and utility bills. Because roofs are not replaced every year, a portion of the replacement cost should be placed in a dedicated replacement reserve fund each year so that funds are available when needed. Without an adequately funded reserve only three things can happen - and they are all bad - the District must either defer maintenance, divert funds intended for educational programs to building maintenance, or raise taxes (issue bonds). Using bonds to fund the acquisition of short shelf-life items and failing to maintain an adequate reserve simply passes on to future generations the bill for today's needs. Vote no on Measure G. SONOMA COUNTY TAXPAYERS' ASSOCIATION
s/ Daniel A. Drummond, Executive Director
Fact: The District has done a good job of maintaining its facilities over the years with the resources provided to it. For nearly 20 years, the District has found alternate funding sources to improve facilities without going to voters; this is no longer an option. Fact: By law, the types of school improvements that are being proposed must, and will, be consistent with the term of the bonds. Measure G bonds will have 25-30 year terms, not 40 years as was inaccurately stated. Fact: The State requires the District to keep a deferred maintenance fund to deal with maintaining facilities, which it has done. Because the State continues to reduce funding for public education, local voters need to do more to protect the quality of education in our local public schools. Don't take our word for it. Some of the most respected individuals and groups have reviewed Measure G and support it including local elected officials, civic leaders, and business owners. They know that the tax deductible amount of Measure G is a small investment for the increased property values good schools provide. Measure G is a cost-effective way to improve the quality of education and preserve property values, while providing students the excellent schools they need for their future success. Join us in Voting Yes on Measure G. s/ Gabriel Kearney Council Member, City of Petaluma
BOYS AND GIRLS CLUB
s/ Elece Hempel Resident s/ Teresa Velasco Business Owner s/ Anthony J. Bendik Trustee, Parent, Firefighter |
Tax Rate Statement |
An election will be held in the Old Adobe Union School District (the "District") on June 5, 2012 to authorize the sale of $26,000,000 in general obligation bonds. The
following information is submitted in compliance with Sections 9400-9404 of the California Elections Code.
The best estimate of the tax rate that 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 $.03000 per $100 ($30.00 per $100,000) of assessed valuation in fiscal year 2012-13. The best estimate of the tax rate that 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 $.03000 per $100 ($30.00 per $100,000) of assessed valuation in fiscal year 2017-18. The best estimate of the highest tax rate that would be required to fund this bond issue, based on estimated assessed valuations available at the time of filing this statement, is $.03000 per $100 ($30.00 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 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/ Cynthia Pilar Superintendent Old Adobe Union School District |
Full Text of Measure G |
EXHIBIT A
This proposition may be known and referred to as the Old Adobe Union School District General Obligation Bond of 2012, or Measure G.
FINDINGS The Old Adobe Union School District (the "District"), which serves the east side of Petaluma, is a recognized leader in providing top quality education to Sonoma County students. The achievements have been accrued by the District as a result of the long history of visionary leadership from the Board of Trustees of the District (the "Board"), as well as from staff members, parents, and members of the District communities. During its long history, the District has benefited from a community, which supports its educational institutions by establishing high standards for academic achievement while at the same time providing the means required to meet and even to surpass those expectations. In order to provide our local students with the same classrooms and school facilities as other California school districts, major repairs and upgrades are necessary to ensure these buildings will remain functional for future generations. The Board has prepared a facilities plan and identified significant repairs, upgrades, and classroom and facility modernization needs that are more than the District is able to fund from currently available sources or annual revenues. The District has sought, and continues to seek, all available outside sources of funding to improve our school buildings, including local, state, and federal grants and state bond funds. Historically, the state requires that local school districts provide local funds as a condition of receipt of state matching funds. It is necessary to seek voter approval of a bond measure in order to provide local funding for identified school facility repairs and modernization projects. BOND AUTHORIZATION By approval of this proposition by at least 55 percent of the registered voters voting on the proposition, the District shall be authorized to issue and sell bonds of up to $26,000,000 in aggregated principal at interest rates below the legal limit, to provide finance for the specific school facilities projects listed in the Bond Project List attached hereto as Exhibit A-1, subject to all the accountability requirements specified below. BOND PROJECT LIST The Bond Project List attached to this resolution as Exhibit A-1 shall be considered a part of the ballot proposition and shall be reproduced in any official document required to contain the full statement of the bond proposition. Approval of this Bond Measure (the "Measure") does not guarantee that the proposed project or projects in the District that are the subject of bonds under the Measure will be funded beyond the local revenues generated by the Measure. If state matching funds become available, they will be used for and applied to the Bond Project List as per Exhibit A-1. 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. ACCOUNTABILITY REQUIREMENTS The provisions in this section are specifically included in this proposition in order that the voters and taxpayers in the District may be assured that their money will be spent wisely to address specific facilities needs of the District all in compliance with the requirements of Article XIIIA, Section 1(b)(3), of the State Constitution and the Strict Accountability in Local School Construction Bonds Act of 2000 (codified at Education Code Sections 15264 and following.) Evaluation of Needs. The Board has prepared an updated facilities plan in order to evaluate and address all of the facilities needs of the District. The Board hereby certifies that it has evaluated safety, class size reduction, enrollment growth, and information technology needs in developing the Bond Project List contained in Exhibit A-1. Independent Citizens' Oversight Committee. The Board shall establish an Independent Citizens' Oversight Committee pursuant to Education Code Section 15278 and following to ensure bond proceeds are expended only on the school facilities projects listed in Exhibit A-1. The committee shall be established within 60 days of the date when the results of the election appear in the minutes of the Board. Performance Audits. The Board shall conduct an annual, independent performance audit to ensure that the bond proceeds have been expended only on the school facilities projects listed in Exhibit A-1. Financial Audits. The Board shall conduct an annual, independent financial audit of the bond proceeds until all of those proceeds have been spent for the school facilities projects listed in Exhibit A-1. Special Bond Proceeds Account: Annual Report to Board. Upon approval of this proposition and the sale of any bonds approved, the Board shall take actions necessary to establish an account in which proceeds of the sale of bonds will be deposited. As long as any proceeds of the bonds remain unexpended, the Superintendent of the District shall cause a report to be filed with the Board annually stating (1) the amount of bond proceeds received and expended in that year, and (2) the status of any project funded or to be funded from bond proceeds. The report may relate to the calendar year, fiscal year, or other appropriate annual period as the Superintendent shall determine and may be incorporated in the annual budget, audit, or another appropriate routine report to the Board. FURTHER SPECIFICATIONS No Administrator Salaries. Proceeds from the sale of bonds authorized by this proposition shall be used only for the construction, reconstruction and/or rehabilitation of school facilities including the furnishing and equipping of school facilities or acquisition or lease of real property for school facilities and not for any other purpose, including teacher and administrator salaries and other school operating expenses. The proceeds of the bonds will be deposited into a Building Fund to be held by the Sonoma County Treasurer, as required by the California Education Code. EXHIBIT A-1 BOND PROJECT LIST Bond proceeds will be expended to modernize, replace, renovate, expand, construct, acquire, equip, furnish and otherwise improve the classrooms and school facilities of the District, including those located at the following locations: La Tercera Elementary School, Bernard Eldredge School, Miwok Valley Elementary School, Old Adobe Elementary School, Sonoma Mountain Elementary School The specific school facilities projects to be funded include, but shall not be limited to:
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