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Measure D Bond Measure San Ramon Valley Unified School District 55% Approval Required Pass: 37380 / 56.83% Yes votes ...... 28394 / 43.17% No votes
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Index of all Measures |
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Results as of Dec 3 1:05pm, 100.0% of Precincts Reporting (113/113) |
Information shown below: Impartial Analysis | Arguments | Tax Rate Statement | Full Text | ||||
To improve local elementary, middle and high school classrooms, labs and learning facilities by adding classrooms to prevent school overcrowding; upgrading fire, security and earthquake safety; updating science labs, and instructional technology infrastructure for 21st-century learning; improving energy efficiency; and renovating, constructing and equipping schools, facilities and classrooms, shall San Ramon Valley Unified School District issue $260 million in bonds, at legal rates, with citizens' oversight, annual audits, no funds for administrators' salaries and all funds benefitting local schools?
The measure provides that proceeds from the sale of bonds would be used to finance the "construction, reconstruction, rehabilitation, or replacement of school facilities, including the furnishing and equipping of school facilities, or the acquisition or lease of real property for school facilities." The measure also provides that bond sale proceeds would finance projects and improvements to existing school facilities, and the construction of a new school facility in Dougherty Valley. The bond sale proceeds may only be used for the purposes specified in the measure. The measure states that the improvements and projects to be funded by bond sale proceeds could be completed without matching State funding. If this measure passes, the District would be authorized to levy a tax on each parcel of taxable real property within the District to generate revenue to repay the bonds. The District estimates that the average tax required to repay all of the bonds issued under this measure will be $27.75 per $100,000 of assessed valuation. A parcel of taxable real property is any unit of real property located in the District that receives a separate property tax bill from the Contra Costa County Treasurer-Tax Collector's Office. The parcel tax would not be levied on parcels that are exempt from paying property taxes. The measure states that the bond sale proceeds will be deposited into a designated account. State law requires the District to conduct an annual performance audit, and, as long as any funds remain unspent, an annual independent financial audit, to ensure that funds are used only for the purposes described in the measure. The measure also would require the District to establish an independent citizens' oversight committee that would ensure funds are used only for the purposes described in the measure. Fifty-five percent (55%) of those voting on the ballot measure must approve the measure for it to pass. A "yes" vote is a vote in favor of the ballot measure. A "no" vote is a vote against the ballot measure.
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Arguments For Measure D | Arguments Against Measure D | ||
Vote YES on D to upgrade our San Ramon Valley schools so all students have access to safe and well-maintained classrooms that prepare them for college and 21st-century careers.
Our local schools in Alamo, Blackhawk, Danville, Diablo and San Ramon are among the best in California. We have consistently high test scores, outstanding teachers and strong academic programs including reading, writing, math and science programs. Good schools make our community more desirable, and Measure D will help keep our property values strong. Thanks to the support of local voters, many of our school facilities have been improved over the past fourteen years. These projects have been completed on time and on budget. While many schools have been upgraded; others have not. For example, aging classrooms, science labs, and technology infrastructure need to be updated. Urgent fire and earthquake safety improvements are needed to protect our students. Growing student enrollment continues to cause overcrowding in our schools. Measure D will provide locally-controlled funding to:
Vote YES to protect our outstanding local schools. Rebecca S. Livingston, Parent, President, San Ramon Valley Council of PTA's Steven Mick, Citizens Facilities Oversight & Advisor Comm. Member Darren S. Day, Teacher, President, San Ramon Valley Education Assn. Candace J. Kay Andersen, Contra Costa County Supervisor, former Danville Mayor Carol J. Rowley, 43-Year Resident, former San Ramon City Council Member
Meanwhile, bond measures disallow senior exemptions. Voters should FLUNK Measure D! More Information: http://www.VoteNOonD.info Michael Arata, Industrial Consultant; Former (20 yr) Teacher and Coach, Danville Resident Irene Lynch, Parent of 2 SRVUSD Graduates, Retired French Teacher; San Ramon Resident Pam Farly, Homemaker; Former Marketing Director; Parents of 2 SRVUSD Students Joan S Hamblin, Parent of 3 SRVUSD Graduates, Grandparent of SRVUSD Graduates and 2 current SRVUSD Students; Danville Resident | Tired of seeing 30%... 40%... 50% of your next-earned dollar consumed by income and payroll taxes -- before even counting sales taxes, property taxes, gasoline taxes...?
Concerned additionally about potentially large state and federal tax increases next year?
Then reject inflationary new tax hikes, and require more responsible budgeting by tax-funded agencies, including the San Ramon Valley Unified School District.
Vote NO on Measure D! Heather Gass, Realtor and Homemaker; Former Network Engineer; Business Founder; Community Action Volunteer; Danville Resident Geoff Massa, Commercial General Contractor; Parent of two SRVUSD Students + One Graduate; San Ramon Resident Beverly A O'Connor, Retired 24-yr SRVUSD Instructor; Initiated District's Red-Ribbon Week; Grandparent of SRVUSD Student; Danville Resident Patrick R Walt, Commercial Real-Estate Broker; Parent of two 15-yr SRVUSD students; Alamo Resident John A. Kolberg, Retired Manufacturing Executive; Church Building Committee Member; Parent of SRVUSD Graduate; San Ramon Resident
Measure D will repair San Ramon Valley Unified School District schools without raising voter-approved tax rates. Measure D simply extends the rate we will already pay next year. We have exceptional local schools; we are the highest ranking large school district in California. Yes, many of our schools were improved by the 1998 and 2002 bonds. As a result, they are the pride of the community and contribute to this being a destination school district helping to keep our home values strong. With 35 district schools, there are some that have not yet been upgraded. Additionally, with continued district-wide enrollment growth, many of our schools are becoming overcrowded. Measure D addresses these needs. Over the years, our community has overwhelmingly supported local school measures because the district has a proven record of utilizing the money wisely and obtaining state matching funds to stretch local dollars and save taxpayer money. Every measure has required:
Join parents, teachers, business owners, taxpayers, seniors and community leaders in voting YES on Measure D--invest in local schools without raising tax rates. Tom Hart, Realtor, President of the Realtors' Marketing Assn of the San Ramon Valley Steven M Wilcox, 2012 San Ramon Business Person of the Yr, Founding Partner of Summit Financial Group Marianne Gagen, 39-yr Danville resident, 2005 Citizen of the Yr., Danville Chamber, SRV Ed Foundation Endowment Fund Chair David E Behring, Executive Vice President, Blackhawk Corporation Chris Kenber, SRVUSD Measure A Oversight & Advisory Comm Chair, SRVUSD Facilities Advisory Comm Member |
Tax Rate Statement from the Superintendent of Schools |
An election will be held in the San Ramon Valley Unified School District (the "District") on November 6, 2012, to authorize the sale of up to $260,000,000 in bonds of the District to finance school facilities as described in the proposition. If the bonds are approved, the District expects to issue the Bonds in multiple series over time. Principal and interest on the bonds will be payable from the proceeds of tax levies made upon the taxable property in the District. The following information is provided in compliance with Sections 9400 through 9404 of the California Elections Code.
1. The best estimate of the tax which would be required to be levied 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 1.320 cents per $100 (or $13.20 per $100,000) of assessed valuation in fiscal year 2013-14. The best estimate of the tax rate which would be required to be levied 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 2.370 cents per $100 (or $23.70 per $100,000) of assessed valuation in fiscal year 2019-20. The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on estimated assessed valuations available at the time of filing of this statement, is 3.890 cents per $100 (or $38.90 per $100,000) of assessed valuation in fiscal year 2026-27. 4. These estimates would result in an average annual tax of 2.775 cents per $100 (or $27.75 per $100,000) of assessed valuation over the life of the bonds. The tax rates associated with this bond measure, when combined with the tax rates for the District's outstanding bonds from Measure D (approved at an election held on April 14, 1998) and Measure A (approved at an election held November 5, 2002), are expected not to be greater than $75.00 per $100,000 of assessed value, the tax rate estimated to be levied in 2012-13 for the outstanding Measure D and Measure A bonds alone. After 2030-31, the final year of the Measure A bonds, the aggregate tax rate is expected decline again once only the bonds of this authorization remain. Voters should note that estimated tax rates are based on the ASSESSED VALUE of taxable property on the County's official tax rolls, not on the property's market value, which could be more or less than the assessed value. In addition, taxpayers eligible for a property tax exemption, such as the homeowner's exemption, will be taxed at a lower effective tax rate than described above. Property owners should consult their own property tax bills and tax advisors to determine their property's assessed value and any applicable tax exemptions. Attention of all voters is directed to the fact that the foregoing information is based upon the District's projections and estimates only, which are not binding upon the District. The actual tax rates and the years in which they will apply may vary from those presently estimated, due to variations from these estimates in the timing of bond sales, the amount of bonds sold and market interest rates at the time of each sale, and actual assessed valuations over the term of repayment of the bonds. The dates of sale and the amount of bonds sold at any given time will be determined by the District based on need for construction funds and other factors. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale. Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined by the County Assessor in the annual assessment and the equalization process. Dated: August 7, 2012. |
Full Text of Measure D |
SAN RAMON VALLEY UNIFIED SCHOOL DISTRICT
SCHOOL MODERNIZATION AND IMPROVEMENT MEASURE
This proposition may be known and referred to as the "San Ramon Valley Unified School District School Modernization and Improvement Measure" or as "Measure D". BOND AUTHORIZATION By approval of this proposition by at least 55% of the registered voters voting on the proposition, the San Ramon Valley Unified School District (the "District") shall be authorized to issue and sell bonds of up to $260,000,000 in aggregate principal amount to provide financing for the specific school facilities projects listed under the heading entitled "BOND PROJECT LIST" below (the "Bond Project List"), and qualify to receive State of California matching grant funds, subject to all of the accountability safeguards specified below. ACCOUNTABILITY SAFEGUARDS The provisions in this section are specifically included in this proposition in order that the voters and taxpayers of the District may be assured that their money will be spent to address specific facilities needs of the District, all in compliance with the requirements of Article XIIIA, Section 1(b)(3) of the California Constitution, and the Strict Accountability in Local School Construction Bonds Act of 2000 (codified at Sections 15264 and following of the California Education Code (the "Education Code")). Evaluation of Needs. The Board of Education of the District (the "Board") has prepared an updated capital facilities plan in order to evaluate and address all of the facilities needs of the District at each campus and facility, and to determine which projects to finance from a local bond at this time. The Board hereby certifies that it has evaluated safety, class size reduction and information technology needs in developing the Bond Project List. Limitations on Use of Bonds. Proceeds from the sale of bonds authorized by this proposition shall be used only for the construction, reconstruction, rehabilitation, or replacement of school facilities, including the furnishing and equipping of school facilities, or the acquisition or lease of real property for school facilities, including, to the extent permitted by law, the acquisition or lease of real property in connection with an existing or future financing of the specific school facilities projects listed in the Bond Project List, including the prepayment of existing or future interim lease, certificate of participation or lease revenue bond financings, and not for any other purpose, including teacher and administrator salaries and other school operating expenses. 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 for the school facilities projects listed in the Bond Project List. The committee shall be established within 60 days of the date when the results of the election appear in the minutes of the Board. In accordance with Section 15282 of the Education Code, the citizens' oversight committee shall consist of at least seven members and shall include a member active in a business organization representing the business community located within the District, a member active in a senior citizens' organization, a member active in a bona ride taxpayers' organization, a member that is a parent or guardian of a child enrolled in the District, and a member that is both a parent or guardian of a child enrolled in the District and active in a parent-teacher organization. No employee or official of the District and no vendor, contractor or consultant of the District shall be appointed to the citizens' oversight committee. Annual 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 the Bond Project List. These audits shall be conducted in accordance with the Government Auditing Standards issued by the Comptroller General of the United States for performance audits. The results of these audits shall be made publicly available and shall be submitted to the citizens' oversight committee in accordance with Section 15286 of the Education Code. Annual 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 the Bond Project List. These audits shall be conducted in accordance with the Government Auditing Standards issued by the Comptroller General of the United States for financial audits. The results of these audits shall be made publicly available and shall be submitted to the citizens' oversight committee in accordance with Section 15286 of the Education Code. 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 no later than January 1 of each year, commencing January 1, 2014, stating (a) the amount of bond proceeds received and expended in that year, and (b) 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 of the District shall determine, and may be incorporated into the annual budget, audit, or other appropriate routine report to the Board. FURTHER SPECIFICATIONS Sinqle Purpose. All of the purposes enumerated in this proposition shall be united and voted upon as one single proposition, pursuant to Education Code Section 15100, and all the enumerated purposes shall constitute the specific single purpose of the bonds, and proceeds of the bonds shall be spent only for such purpose, pursuant to California Government Code Section 53410. Other Terms of the Bonds. When sold, the bonds shall bear interest at an annual rate not exceeding the statutory maximum, and that interest shall be made payable at the time or times permitted by law. The bonds may be issued and sold in several series, and no bond shall be made to mature more than 30 years from the date borne by that bond. BOND PROJECT LIST The Bond Project List below lists the specific projects the District proposes to finance with proceeds of the bonds. The Bond Project List shall be considered a part of the bond proposition and shall be reproduced in any official document required to contain the full statement of the bond proposition. Listed projects will be completed as needed at a particular school or facility site according to Board-established priorities, and the order in which such projects appear on the Bond Project List is not an indication of priority for funding or completion. Each project is assumed to include its share of costs of the election and bond issuance, construction-related costs, such as project and construction management, architectural, engineering, inspection and similar planning and testing costs, demolition and interim housing costs, legal, accounting and similar fees, costs related to the independent annual financial and performance audits, a contingency for unforeseen design and construction costs, and other costs incidental to and necessary for completion of the listed projects (whether the related work is performed by the District or third parties). The final cost of each project will be determined as plans are finalized, construction bids are awarded, and projects are completed. In addition, certain construction funds expected from non-bond sources, including State of California grant funds for eligible projects, have not yet been secured. Therefore, the Board cannot guarantee that the bonds will provide sufficient funds to allow completion of all listed projects. Alternatively, if the District obtains unexpected funds from non-bond sources with respect to listed projects, such projects may be enhanced, supplemented or expanded to the extent of such funds. Some projects may be subject to further government approvals, including by State officials and boards and/or local environmental or agency approval. Inclusion of a project on the Bond Project List is not a guarantee that the project will be completed. The specific projects authorized to be financed with proceeds of the bonds under this proposition are as follows: SAN RAMON VALLEY UNIFIED SCHOOL DISTRICT SCHOOL MODERNIZATION AND IMPROVEMENT MEASURE BOND PROJECT LIST The following projects are authorized to be financed at all District schools, facilities and sites as needed as determined by the Board. TECHNOLOGY INFRASTRUCTURE IMPROVEMENTS FOR 21ST-CENTURY LEARNING
In addition, bond projects include the following as needed.
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