League of Women Voters of California Education Fund
	Riverside County, CA November 4, 2014 Election
	Measure GG Bond Corona-Norco Unified School District 55% Approval Required Pass: 20,876 / 57.02% Yes votes ...... 15,734 / 42.98% No votes See Also: Index of all Measures

Arguments For Measure GG	Arguments Against Measure GG
Corona Norco Unified School District provides a nationally recognized, high-quality education. Whether or not you have school-age children, protecting the quality of our great local schools and the value of our homes is a wise investment. Academic standards are rising to meet the needs of the 21st century. If we want our kids to succeed in college and careers they must have a solid background in science, math and technology. Older schools need upgrades and repairs to meet the technology needs of 21st-century education, meet current safety standards and address overcrowding. Measure "GG" invests in upgrades to maintain high-quality education in Corona, Norco and Eastvale area schools by: Providing labs and updating classrooms for career technical education Updating instructional technology in the classroom for improved student learning Upgrading classrooms, libraries, science labs and computer systems to keep pace with technology and rising academic standards Improving student safety and security, including security lighting and cameras, fencing, smoke detectors, fire alarms and sprinklers Ensuring science and computer labs and classroom instruction keeps pace with modern technology Repairing or replacing deteriorated roofs, floors, electrical systems and plumbing and removing hazardous materials in older schools Reducing classroom overcrowding at elementary schools where needed by providing new classrooms and facilities Strict fiscal accountability ensures funds stay in local neighborhood schools: No funds can be used for district administration or employee salaries A Citizens' Oversight Committee with representatives from all communities and annual independent audits will ensure that money is spent only on the voter-approved project list. Funds can't be taken by the State or diverted to other areas Community members will receive regular updates regarding Vote Yes on "GG" to maintain our great, local Corona, Norco and Eastvale area schools and prepare our students for the 21st century! By: Gretchen Doughty, 2009-2011 Past President Corona Norco PTA Council Robert J. Spiegel, CEO Corona Chamber Kathy Azevedo, Norco City Council Member John F. Tavaglione, 2nd District County Supervisor Richard "Ric" Welch, Eastvale City Councilmember	(No arguments against were submitted)

Tax Rate Statement from District Superintendent

To: The voters voting in the November 4, 2014 election on the question of the issuance of $396,000,000 General Obligation Bonds of the Corona-Norco Unified School District. You are hereby notified in accordance with Section 9401 of the Elections Code of the State of California of the following: 1. The best estimate from official sources of the tax rate which would be required to be levied to fund principal and interest payments during the first fiscal year after the first sale of bonds (Fiscal Year 2015-2016), based on assessed valuations available at the time of the election and taking into account estimated future growth, is $.024000 per $100 of assessed valuation, which equates to $24.00 per $100,000. 2. The best estimate from official sources of the tax rate which would be required to be levied to fund principal and interest payments during the first fiscal year after the last sale of bonds (Fiscal Year 2036-2037), based on assessed valuations available at the time of the election and taking into account estimated future growth, is $.024000 per $100 of assessed valuation, which equates to $24.00 per $100,000. 3. The best estimate from official sources of the highest tax rate which would be required to be levied to fund principal and interest payments on the bonds and an estimate of the year in which that rate will apply, based on assessed valuations available at the time of the election and taking into account estimated future growth, is $.024000 per $100 of assessed valuation, which equates to $24.00 per $100,000. The tax rate is projected to be the same every year. The attention of all voters is directed to the fact that the foregoing information is based upon projections and estimates only. 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 its 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 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. Accordingly, the actual tax rates and the years in which such rates are applicable may vary from those presently estimated as above stated. By: Michael H. Lin, Ed.D. Superintendent of the Corona-Norco Unified School District