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Proposition R School Bonds Ramona Unified School District 55% Approval Required
See Also:
Index of all Propositions |
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League of Women Voters of California Education Fund
Fail:
7,737 /
50.6% Yes votes ......
7,551 /
49.4% No votes
| Information shown below: Yes/No Meaning | Impartial Analysis | Tax Rate Statement | | |||||
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To improve the quality of education; repair/replace leaky roofs; increase student access to computers and modern technology; construct/modernize classrooms, restrooms, and school facilities; make health, safety and handicapped accessibility improvements; replace deteriorating portable classrooms; and improve energy efficiency; shall Ramona Unified School District acquire, construct, repair, equip school facilities by issuing $66,000,000 of bonds at legal rates, with independent citizens' oversight and NO money for employee salaries and all funds spent only on Ramona schools?
Voter approval of this measure also will authorize an annual tax to be levied upon the taxable property within the District. The purpose of this tax is to generate revenue to pay the principal and interest on the bonds in an amount sufficient to pay the interest as it becomes due and to provide a fund for payment of the principal on or before maturity. Proceeds from the sale of bonds authorized by this proposition may be used by the District 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. The interest rate on any bond, which is established at the time of bond issuance, cannot exceed 12% per annum. The final maturity date of any bond could be no later than 25 years or 40 years after the date the bonds are issued as determined by the District. The tax authorized by this proposition is consistent with the requirements of the California Constitution. The California Constitution permits property taxes, above the standard one percent (1%) limitation, to be levied upon real property to pay the interest and redemption charges on any bonded indebtedness for the acquisition or improvement of real property, including the furnishing and equipping of school facilities, when approved by 55% of the voters if:
(2) the District, by evaluating safety, class size reduction, and information technology, has approved a list of specific projects to be funded, (3) the District will conduct an annual, independent performance audit, and (4) the District will conduct an annual, independent financial audit. If a bond measure is approved, state law requires the District to establish an independent citizens' oversight committee. The District has made this ballot proposition subject to these requirements. Approval of this proposition does not guarantee that the proposed projects in the District that are the subject of these bonds will be funded beyond the local revenues generated by this proposition.
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News and Analysis Ramona Home Journal
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| Tax Rate Statement from Superintendent |
| An election will be held in the Ramona Unified School District (the "District") on November 6, 2012 to authorize the sale of $66,000,000 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 $.0600 per $100 ($60.00 per $100,000) of assessed valuation in fiscal year 2013-14. 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 $.0600 per $100 ($60.00 per $100,000) of assessed valuation in fiscal year 2022-23. 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 $.0600 per $100 ($60.00 per $100,000) of assessed valuation in fiscal year 2013-14. 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. Dated: August 2, 2012
Robert Graeff, Ed.D.
Approval of Measure R does not guarantee that the proposed project or projects in the Ramona Unified School District that are the subject of bonds under Measure R will be funded beyond the local revenues generated by Measure R. The 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. |
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Created: January 14, 2013 17:14 PST
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