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Measure W Bond Issue Fortuna Elementary School District 55% Approval Required
See Also:
Index of all Measures |
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League of Women Voters of California Education Fund
Fail:
1602 /
44.6% Yes votes ......
1988 /
55.4% No votes
| Results as of Nov 4 11:42pm |
| Information shown below: Official Information | Impartial Analysis | Arguments | Tax Rate Statement | | |||||
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To improve the quality of education with funding that cannot be taken by the State; modernize classrooms, restrooms and school facilities; make health and safety improvements; replace outdated heating, ventilation and air-conditioning systems; repair or replace leaky roofs; and improve student access to computers and modern technology, shall the Fortuna Elementary School District issue $9,000,000 of bonds at legal interest rates, have an independent citizens' oversight committee and NO money used for administrative salaries?
Money raised by bond sales can be used for the purposes and projects stated in the Bond Project List set forth in the Measure. As required by state law, the District's Board has certified that it has evaluated safety, class size reduction, enrollment growth, and information technology needs in developing the project list. If the Measure is approved, the District's Board will conduct annual, independent financial and performance audits to ensure that bond proceeds have been expended only on the projects on the Bond Project List. In addition, an Independent Citizens' Oversight Committee will be established within sixty days of the entry of the election results on the Board's minutes. The proceeds of the bonds will be maintained in a separate account in the County Treasury, and the Board must receive an annual report on the status of projects undertaken and the amount of bond proceeds received and expended in that year. If the Measure is approved, the District expects to sell the bonds in series over time. 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, but cannot exceed the rate set by state law. The District estimates that the tax rate levied to meet the debt service requirements of the bonds will not exceed $30 per year per $100,000 of assessed valuation of taxable property. If 55% of the voters in the school district approve the Measure, the District will be authorized to issue bonds in an amount not to exceed $9 million. A no vote will disapprove the issuance of bonds and the tax levy for such bonded indebtedness.
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| Arguments For Measure W | Arguments Against Measure W |
| Everyone knows the importance and value of having quality schools. From higher achieving students, to greater neighborhood safety and improved property values, quality schools make a difference. While our teachers and staff do their best in educating our children, many classrooms and school facilities at the Fortuna Elementary School District are outdated and inadequate to provide students with the facilities they need to succeed. This is why our children need your YES vote on Measure W!
Our children need your YES vote on Measure W! While schools have been well maintained, aging classrooms must be upgraded since many do not meet 21st century education and technology standards. A local school improvement measure 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. Measure W will provide funding to make critical facility improvements at local schools by: Repairing or replacing leaky roofs Renovating deteriorating and aging plumbing and sewer systems Updating inadequate electrical systems Improving student access to computers and modern technology Replacing outdated heating, ventilation and air-conditioning systems Measure W makes financial sense and protects taxpayers. By law, all bond funds must be spent locally and cannot be taken by the State. Spending must be reviewed and annually audited by an independent citizens' oversight committee. Funds can only be spent to improve our local schools, not for teacher or administrator salaries. Measure W 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 W! /s/Erin Dunn, Chamber CEO /s/Sally Conley, Owner/Broker /s/Lon Winburn, Fire Chief /s/Dennis Scott, President, McLean Foundation /s/Loene Gossett, President, Soroptimist International Eel River Valley
| No arguments against Measure W were submitted.
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| Tax Rate Statement from Superintendent of Schools |
| An election will be held in the Fortuna Elementary School District (the "District") on November 4, 2014 to authorize the sale of $9,000,000 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 $.0300 per $100 ($30.00 per $100,000) of assessed valuation in fiscal year 2015-16. 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 $.0300 per $100 ($30.00 per $100,000) of assessed valuation in fiscal year 2020-21. 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 $.0300 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. Dated: 6/27/14 /s/ Patti Hafner Superintendent Fortuna Elementary School District |
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