LWV League of Women Voters of California
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Humboldt County, CA November 6, 2001 Election
Measure R
$600K School Bonds
Peninsula Union School District

See Also: Index of all Measures

Information shown below: Fiscal Impact |

To repair, modernize and construct school facilities and remove safety hazards, shall the Peninsula Union Elementary School District incur bonded indebtedness of $600,000 at interest rates within legal limits, for school improvement purposes including:
  • Modernizing schools for computer technology including a new library/media center;
  • Removing asbestos, repairing roofs and improving earthquake safety;
  • Improving playgrounds;
  • Upgrading security, fire, and safety systems including outdoor lighting;
  • Building a meeting room for community and school use and;
  • Building a bus garage/shop at the school site.

Fiscal Impact from the Superintendent:
An election will be held in the Peninsula Union School District of Humboldt County on November 6, 2001, to authorize the sale of $600,000 in general obligation bonds. The Following information is submitted in compliance with Sections 9401 and 9404 of the California Elections Code.

1. The best estimate of the tax rate which 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 3 cents per $100 ($30.00 per $100,000) of assessed valuation in fiscal year 2002-2003.

2. The best estimate of the highest tax rate which would be required to fund this bond issue, based on estimated assessed valuations available at the time of filing this statement, is 3 cents per $100 ($30.00 per $100,000) of assessed valuations in fiscal year 2002-2003.

3. The best estimate of the tax rate which 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 3 cents per $100 ($30.00 per $100,000) of assessed valuation in fiscal year 2002-2003.

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 governed 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.

James M. Sorter, Superintendent

 
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Created: December 3, 2001 02:34
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