This is an archive of a past election. See http://www.smartvoter.org/ca/la/ for current information. |
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Measure O Walnut Valley Local School Improvement Measure Walnut Valley Unified School District School Bonds - 55% Approval Required Fail: 2,454 / 53.42% Yes votes ...... 2,140 / 46.58% No votes
See Also:
Index of all Measures |
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Results as of Nov 13 2:00pm, 100% of Precincts Reporting (25/25) |
Information shown below: Official Information | Impartial Analysis | Arguments | Tax Rate Statement | | |||||
To upgrade facilities to maintain excellent education/college readiness by providing facilities/technology for advanced math, science, engineering, upgrading outdated classrooms, science labs, libraries, computer systems, improving school safety/security, and repairing, constructing/acquiring classrooms, facilities, equipment, shall Walnut Valley Unified School District issue $208 million in bonds at legal rates, with independent citizen oversight, no money for administrator salaries, and all funds used for neighborhood schools in/around Diamond Bar and Walnut?
The Board shall cause independent performance and financial audits to be performed annually to ensure that bond proceeds are spent only on District projects and no other purpose. The Board shall appoint an Independent Citizens' Oversight Committee ("Committee") within sixty (60) days after the Board enters the election results in its minutes pursuant to Education Code section 15274. The Committee must include a representative of a bona fide taxpayers association, a business organization, and a senior citizens' organization. The District shall create an account into which bond proceeds shall be deposited and comply with the reporting requirements of Government Code section 53410. Any bond 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 maximum rate of interest on any bond shall not exceed the maximum rate allowed by the Education and Government Codes. According to the District's Tax Rate Statement, the best estimate of the highest tax rate required to fund the bonds, based on the assessed valuations available at the time of the election and taking into account estimated future growth, is $60 per $100,000 of the assessed value of taxable real property within the District as determined by the County Assessor. Estimated total debt service, including the principal and interest, is $485,866,750. This Measure requires a fifty-five percent (55%) vote for passage.
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Arguments For Measure O | Arguments Against Measure O | ||
Walnut Valley School District, with neighborhood schools in and around
Diamond Bar and Walnut, is among the highest performing districts in the state
and nation. 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.
Measure O is necessary to ensure classrooms, science labs, math rooms, technology and other facilities continue to support outstanding student achievement. Measure O will not increase current tax rates. Measure O ensures local students have access to the modern technology and skills training needed to compete for college and 21st century careers:
Mayor, City of Walnut
Nancy Lyons
Bob Sun
Ray McMullen
Lily Eibert
Imagine what schools will look like in 40 years. Will they look like they do today? Or will they be relics of the past meeting the same fate as Ozymandias? A bond is a credit card with a huge limit. Do you put living expenses on your credit card and not pay it off every month? Of course not! You know that making the minimum payment means that you'll be paying dearly for that tank of gas you bought today and you'll still be paying it off years from now. Technology is mentioned 8 times. Moore's law predicts that technological capability doubles every two years while price falls dramatically. The Apple II was introduced in 1977 (38 years ago) priced at $2,638. Do you still want to be paying for today's technology 40 years from now? By the time you and your grandkids pay off this bond, physical facilities will likely be museum pieces. Education will come from the best teachers in the world wherever a child has a device to connect to the Internet. It's already happening. What's stopping it from happening here? Old thinking from an entrenched bureaucracy. If Board could be trusted, it wouldn't need an oversight committee. $400 million in NEW TAXES. Smart people vote NO.
John Iu-Chim Shum
Long Su
Nam Huynh
Michael West | A. YEARS OF NEGLECT. CHECK! B. NO ACCOUNTABILITY. CHECK! C. SWITCHEROO. CHECK! D. HUGE NEW TAXES. CHECK! Got your attention? A. Are you sending your children to deathtraps? Schools without "smoke detectors, fire alarms, and sprinklers?" Seriously! Read the measure. In measure Board admits it's neglected regular maintenance for so long that it now claims crisis. You must save the children. It'll cost you nearly twice as much to pay it off. The squeaky wheel theory predicts that those who speak loudest get what they want. Facilities can't speak. They get neglected. It's called kicking the can down the road. Today's squeaky wheels get what they want. The cycle repeats. You're stuck with the bill. Example of Board's priorities: Collegewood School turned 50 last year. For its birthday, Board pulled out the landscaping, replacing it with prettier landscaping. What allegedly critical maintenance priorities could that money have paid for? B. Oversight committee? It's a joke. No power. (Legislature made sure of that.) Appointed by Board. Pure propaganda. C. Measure makes all maintenance off-budget. More of your regular taxes will go for salary and pensions. Does Board lack money? Most recent financial report shows $76 million in investments. It transferred over $20 million from Special "Capital" Fund to pension, furlough, and professional development. Board will likely spend every penny it takes from your regular taxes on things that don't directly benefit the children, like increased compensation, benefits, and pensions. D. How much? Nobody knows. It's just an estimate. Assessed value / 100,000 x $48.50 estimate x 40 years = tax. Do the math. We're not against education. We're against misuse and waste of our taxes. Does past neglect require money? Probably. This much? No. Smart voters vote NO. http://aroundwalnut.blogspot.com/
Warren Ellis
Jean Jernigan
C. M. Parks
Floyd Kimura
William Pao
Measure O provides the classrooms, facilities and technology needed for advanced courses in science, technology, engineering and math. Citizens' oversight ensures Measure O supports students, not administrators. Measure O includes a clear system of accountability. Independent citizens' oversight, annual audits, a project list detailing exactly how the money will be used and community reports are required. By law, no money can be spent on administrators' salaries, pensions or benefits. Measure O does not increase current tax rates. Measure O is carefully structured so that your local school tax bill will be no higher next year or in future years than it is right now. Thanks to prudent fiscal management, Walnut Valley Unified School District will completely pay off prior voter-approved school bonds in 2019, meaning that our community can make a meaningful, valuable investment to maintain our excellent local schools without increasing tax rates. Protecting the quality of our schools, the quality of life in our communities and the value of our homes is a wise investment. We believe that maintaining high-quality education in our local schools is a top priority. Please join us and vote Yes on O. http://www.OutstandingWVUSDSchools.org
JOE H. HAHN
ERIC CHING
CHRISTINA KONDO
RACHEL CHANG
INGRID JOHNSON |
Tax Rate Statement from ROBERT TAYLOR, ED.D. Superintendent of the Walnut Valley Unified School District |
To: The voters voting in the November 3, 2015 election on the question of the
issuance of $208,000,000 General Obligation Bonds of the Walnut Valley
Unified School District. It is estimated and projected that approval of these
bonds will not increase the tax rate paid by local property owners above current,
2014-2015 levels.
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, based on assessed valuations available at the time of the election and taking into account estimated future growth, is the following: $.031000 per $100 of assessed valuation, which equates to $31.00 per $100,000 and results in no increase above current tax rates. First fiscal year after the first sale of bonds: 2016-2017. 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 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 as follows: $.060000 per $100 of assessed valuation, which equates to $60.00 per $100,000. First fiscal year after last sale of bonds: 2036-2037. 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 as follows: $.060000 per $100 of assessed valuation, which equates to $60.00 per $100,000. Year of highest tax rate: 2033-2034 and thereafter. 4. The best estimate from official sources of the total debt service, including the principal and interest, which would be required to be repaid, if all of the bonds are issued and sold, based on interest rate information along with assessed valuations available at the time of the election and taking into account estimated future growth, is as follows: Estimated total debt service, including the principal and interest: $485,866,750. 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. It is estimated and projected that approval of these bonds will not increase the tax rate paid by local property owners above current, 2014-2015 levels. |