This is an archive of a past election. See http://www.smartvoter.org/ca/la/ for current information. |
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Measure CC School Improvement Bond Culver City Unified School District School Bond - 55% Approval Required
See Also:
Index of all Measures |
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Results as of Jun 25 1:20pm, 100% of Precincts Reporting (26/26) |
Information shown below: Impartial Analysis | Arguments | Tax Rate Statement | | ||||
To upgrade and repair Culver City schools and support quality education with funding that cannot be taken away by State government, shall Culver City Unified School District improve classrooms, science labs, computers/learning technology, repair leaking roofs, old plumbing, inadequate electrical systems, and aging school buildings/restrooms, improve school safety, remove hazardous asbestos, make needed seismic repairs, and upgrade, construct, and acquire classrooms, school facilities, sites/equipment, by issuing $106,000,000 in bonds, at legal rates, with independent oversight and audits?
Funds received from the sale of the bonds shall be used only for the specific purposes set forth in the Measure, including earthquake and fire safety improvements, repairing or replacing roofs, floors, walls, lighting, plumbing and electrical systems; removing hazardous materials from school sites; upgrading and repairing playground equipment; improving accessibility by disabled students and teachers, replacing windows, lighting, heating and ventilation systems; installing energy efficient systems; modernizing classrooms and science labs, updating instructional technology; upgrading and expanding wireless systems, telecommunications, internet and network connections; upgrading classroom and library technology and teaching equipment; and increasing electrical service capacity. No funds may be used for teacher or administrator salaries or other school operating expenses. Independent performance and financial audits will be performed annually to ensure that bond proceeds have been expended only for the projects on the Bond Project List. The Board shall appoint an independent Citizens' Oversight Committee in compliance with Education Code section 15278 no later than 60 days after the Board enters the election results in its minutes pursuant to Education Code section 15274. Any bonds issued pursuant to the Education Code shall have a maturity not exceeding twenty five (25) years, and any bonds issued pursuant to the Government Code shall have a maturity not exceeding forty (40) years. The best estimate of the highest tax rate required to fund the bonds, based on the assessed valuations available at the time of the District filing its Tax Rate Statement on the measure, is $48.00 per $100,000 of the taxable property within the District. This Measure requires a fifty-five percent (55%) vote for passage.
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Official Information News and Analysis (search for 'Measure CC')
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Arguments For Measure CC |
Vote Yes on Measure CC!
The Culver City Unified School District is committed to providing all students with a high-quality education in a safe learning environment. To provide our students and teachers with clean, safe, and modern classrooms and school facilities, it's necessary to make vital repairs to our schools, upgrade technology, and modernize classrooms and facilities. Measure CC will fund:
All money raised by Measure CC will stay within the Culver City School District to benefit our children, neighborhoods and property values. Taxpayer Accountability: By law Measure CC funds can only be used for voter approved school repairs, upgrades, construction, and equipment. A Citizens Oversight Committee will ensure Measure CC funds are ONLY used for the work spelled out in the ballot. Bond funds are subject to an independent performance audit each year and an annual audit by a Certified Public Accounting firm, which must be made public for transparency. Culver City Unified School District students deserve your vote: The Culver City Unified School District has served the education needs of local students very well for decades. Approval of Measure CC is an investment in our children's future. On June 3, 2014, join parents, teachers, community members, business leaders and senior citizens in voting Yes on Measure CC. Visit http://www.CulverCityKIDS.org for more information.
MADELINE M. EHRLICH
JODY REICHEL
MICHAEL HAMILL
DAVID MIELKE
HEATHER COOMBS PEREZ
(No arguments against Measure CC were submitted) |
Tax Rate Statement from DAVID LAROSE, Superintendent, Culver City Unified School District |
An election will be held in the Culver City Unified School District (the "District") on June 3, 2014, to authorize the sale of up to $106,000,000 in bonds of the District to finance school facilities as described in the measure. If such bonds are authorized and sold, principal and interest on the bonds will be payable only 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. Such information is based upon the best estimates and projections presently available from official sources, upon experience within the District, and other demonstrable factors. Based upon the foregoing and projections of the District's assessed valuation, the following information is provided:
1. 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 first series of bonds, based on a projection of assessed valuations available at the time of filing of this statement, is $0.04800 per $100 of assessed valuation (or $48.00 per $100,000 of assessed value) for fiscal year 2015-16.
2. 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 a projection of assessed valuations available at the time of filing of this statement, is $0.04800 per $100 of assessed valuation (or $48.00 per $100,000 of assessed value) for fiscal year 2024-25.
3. The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on a projection of assessed valuations available at the time of filing of this statement, is $0.04800 per $100 of assessed valuation (or $48.00 per $100,000 of assessed value), which is projected to be the same in every fiscal year that the bonds remain outstanding. Voters should note the estimated tax rate is based on the ASSESSED VALUE of taxable property on the County's official tax rolls, not on the property's market 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. The attention of all voters is directed to the fact that the foregoing information is based upon 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 date of sale and the amount of bonds sold at any given time will be determined by the District based on the need for project 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 sale. Actual future assessed valuations 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. |