League of Women Voters of California Education Fund
	San Luis Obispo County, CA November 6, 2012 Election
	Measure H-12 Issue bonds to update and expand school facilities Templeton Unified School District 55% Approval Required Pass: 2348 / 57.27% Yes votes ...... 1752 / 42.73% No votes See Also: Index of all Measures

Arguments For Measure H-12

Templeton is a strong and thriving community, known throughout the area for the strength of its schools. But many of our school buildings and classrooms were built over 30 years ago and need major upgrades and improvements to meet today's technological, educational and safety standards. Your YES vote on Measure H-12 will create a lasting, positive impact on the quality of our schools and neighborhoods and the values of our homes. Measure H-12 makes financial sense and has taxpayer protections in place: Funds can only be spent on improving Templeton's schools No funds can be spent on salaries, pensions, benefits or other operating expenses All expenditures will be reviewed by an independent citizens' oversight committee and annually audited Interest rates are at historic lows. By borrowing at these lower rates, taxpayers will save millions of dollars in interest By law, Measure H-12 funds MUST be used for our children's schools and CANNOT BE TAKEN AWAY BY THE STATE AND SPENT ELSEWHERE! Measure H-12 will improve our children's classrooms and school facilities by: Expanding vocational education program facilities for welding, engineering, medical and science technology, and construction trades Upgrading classrooms with up-to-date computers and wireless technology Repairing and replacing leaky roofs Repairing and modernizing aging school facilities throughout the District including temporary classrooms that are past their useful life and must be replaced Upgrading and replacing outdated heating, ventilation, and air-conditioning units Measure H-12 will improve our children's education, help maintain housing values, and stimulate our local economy. Please join us and VOTE YES ON MEASURE H-12! s/ Mick Lebens, M.D. M.D., Family Practice s/ Carrie Van Beurden Past Chamber of Commerce President s/ Nelson Yamagata, M.D. Neurologist and TUSD Board President s/ Ian McPhee Business Owner s/ William Van Orden Retired TCSD General Manager (No arguments against Measure H-12 were submitted)

Tax Rate Statement

An election will be held in the Templeton Unified School District (the "District") on November 6, 2012, to authorize the sale of up to $35,000,000 in bonds of the District to continue improving the quality of education in local schools. Specifically, bond proceeds shall be utilized for the purposes of increasing student computer/technology access; expanding vocational education facilities; and acquiring, construction and modernizing classrooms and school facilities throughout the District. If the bonds are authorized and sold, debt service thereon 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 9400-9404 of the Elections Code of the State of California. 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 6cents per $100 ($60.00 per $100,000) of assessed valuation in fiscal year 2013-2014. 2. 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 last series of bonds, based on estimated assessed valuations available at the time of filing of this statement, is 6 cents per $100 ($60.00 per $100,000) of assessed valuation in the fiscal year 2019-2020. 3. The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on estimated assessed valuation available at the time of filing of this statement is 6 cents per $100 ($60.00 per $100,000) of assessed valuation in fiscal year 2013-2014. 4. The best estimate of the average tax rate which would be required to be levied to fund this bond issue during the life of the bonds, based on estimated assessed valuations available at the time of filing of this statement, is 6 cents per $100 ($60.00 per $100,000) of assessed valuation. Voter should note that the estimated tax rates are based on the ASSESSED VALUE of taxable property of the County's official tax rolls, not on the property's market value Property owners should consult their own property tax bills 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 the need for construction funds and other factors, including the legal limitations on bands approved by a 55% note. 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 y the County Assessor in the annual assessment and the equalization process. s/ JOE KOSKI, Ed.D. Superintendent, Templeton Unified School District

Full Text of Measure H-12

"To update classrooms with modern computers/technology; replace portable classrooms; expand vocational education facilities including welding, engineering, medical/science technology, and construction trades; and renovate, upgrade, equip, acquire and construct classrooms/school facilities throughout the District; shall Templeton Unified School District be authorized to issue $35,000,000 of bonds with interest rates below legal limits, an independent citizen oversight committee, no money for administrator salaries, and all funds spent locally and not taken by the State and spent elsewhere?" BONDS - YES BONDS - NO Bond proceeds will be expended to modernize, replace, renovate, construct, acquire, equip, rebuild and furnish the District's facilities as described in the following list. Whenever specific items are included in the following list, they are presented to provide an example and are not intended to limit the generality of the broader description of authorized projects. The facilities and improvements to be financed by the bonds issued for the District include the modernization, replacement, renovation, construction, acquisition, equipping, furnishing, and other improvements to the District's schools and facilities. Such projects shall include: Installation and upgrading of electrical systems to improve student access to computers and modern technology Removal and replacement of portable classrooms Repair and expansion of District's vocational education facilities (welding, engineering, medical and science technology, and construction trades) Repair and replacement of deteriorating roofs Construction, repair, renovation, acquisition, furnishing, equipping and/or remodeling of facilities and classrooms throughout the District Upgrading and replacing outdated heating, ventilation, and air-conditioning (HVAC) systems Installation and improvement of energy cost saving system throughout the District Improvements to schools' pick-up and drop-off areas and addition of additional parking to increase student safety and reduce traffic congestion Upgrading and improving playgrounds, playfields and equipment throughout the District Replacement or installation of security features such as fencing, cameras, or lighting systems Approval of the District's bond measure does not guarantee that the Projects that are the subject of the measure will be funded beyond the local revenues generated by the bond measure. The District's proposed Projects may assume the receipt of state funds, which could be subject to appropriation by the Legislature or approved at a statewide bond measure. Additionally, the Templeton Unified School District shall establish a Citizen's Oversight Committee (the "Committee") and will appoint the members of the Committee to be made up of a minimum of seven members comprised of at least the following: one member shall be active in a business organization representing the business community located within the District, one member shall be active in a senior citizens' organization, one member shall be active in a bona fide taxpayer's organization, one member shall be the parent or guardian of a child enrolled in the District, one member shall be both a parent or guardian of a child enrolled in the District and active in a parent-teacher organization. The District shall cause the proceeds of the Bonds to be deposited in a separate account. The District shall annually cause to be prepared financial and performance audits related to the expenditure of the Bond proceeds to ensure funds have only been expended on the specific Projects listed. The District shall also cause an annual report to be prepared by the District's Chief Business Official, containing a status report of all the authorized Projects and containing the amount of funds collected and expended.