Pass: 16 / 64.00% Yes votes ...... 9 / 36.00% No votes

See Also: Index of all Measures

BONDS YES
BONDS NO

Meaning of Voting Yes/No

A YES vote on this measure means:

A "yes" vote is a vote to authorize the issuance and sale of the bonds in the amount of $3,350,000, secured by the levy of ad valorem taxes on property located within the North County Joint Union School District, for the uses specified.

A NO vote on this measure means:

A "no" vote is a vote not to authorize the issuance and sale of the bonds.

The Board of Trustees of the North County Joint Union School District proposes a bond measure asking the voters to permit the District to issue bonds in the aggregate principal amount not to exceed $3,350,000. The purpose of the issuance of the bonds is to fund the following school facilities projects: (1) provide for additional classrooms to accommodate enrollment; (2) construct and equip a cafeteria for student dining and other school-related activities; (3) upgrade, repair, furnish, equip, and replace aging classrooms and other school facilities; (4) renovate and repair playfields; and (5) construct and repair school parking lots to increase student safety. No proceeds from the sale of the bonds shall be used for teacher or administrator salaries or other operating expenses.

An independent financial audit of the proceeds from the sale of the bonds will be conducted on an annual basis until all bond proceeds have been expended. An independent citizens' oversight committee will monitor all bond expenditures to ensure that the funds are spent as specified.

If the measure is approved, the District expects to the sell bonds in one series. The District's best estimate of the taxes to be levied in the first fiscal year after the sale of the first series of bonds is 2.90 cents per $100 ($29.00 per $100,000) of assessed valuation in fiscal year 2005-06. The District's current best estimate of the average tax rate needed to fund the bond issue during the life of the bonds, based on the estimated assessed valuation, is 2.93 cents per $100 of assessed valuation, or $29.30 per $100,000 of assessed valuation. The estimated tax is based on the assessed value of taxable property on the County's official roles. The actual interest rates at which the bonds will be sold depend on the bond market at the time of the bond sales.

A "yes" vote is a vote to authorize the issuance and sale of the bonds in the amount of $3,350,000, secured by the levy of ad valorem taxes on property located within the North County Joint Union School District, for the uses specified.

A "no" vote is a vote not to authorize the issuance and sale of the bonds.

Ann Miller Ravel County Counsel

By: /s/ Kathryn Zoglin

Deputy County Counsel

Measure M will:

Construct a cafeteria in order to allow students to eat indoors out of the rain and heat.

Renovate and repair aging classroom facilities to meet current basic standards.

Upgrade and repair the athletic play fields to increase the safety for school and community use.

Provide additional classrooms to accommodate growing enrollment.

Increase student, staff and parent safety by constructing parking lots.

Protect Property Values. Schools are our community's most valuable assets. Maintaining the quality of our schools is important to maintaining local property values and the quality of our community.

Taxpayer Accountability

By law, a Citizens Oversight Committee will be created to ensure all expenditures from the bond are spent as outlined on the ballot. No funds will go to salaries. There will be independent public audits of all spending to provide taxpayer accountability.

When you vote YES on Measure M you are voting:

for the future of our children

for classrooms, local school and facilities to meet current standards

Join community leaders, teachers, parents and seniors and vote YES on Measure M! Vote YES for students, YES for education and YES for Measure M.

/s/ Romaldo Martin

Rancher

Businessman/Property Owner

Senior Citizen

San Benito County Superintendent of Schools

County Supervisor, District 1

(No arguments against Measure M were submitted)

1. The best estimate of the tax 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 estimated assessed valuations available at the time of filing of this statement, is 2.90 cents per $100 ($29.00 per $100,000) of assessed valuation in fiscal year 2005-06.

2. The best estimate of the average tax rate which would be required to be levied to fund this bond issue during the life of the bonds, based on estimated assessed valuations available at the time of filing of this statement, is 2.93 cents per $100 ($29.30 per $100,000) of assessed valuation.

3. The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on estimated assessed valuations available at the time of filing of this statement, is 2.93 cents per $100 ($29.30 per $100,000) of assessed valuation. The tax rate is expected to remain the same in each year after the first year.

Voters should note that the estimated tax rates are based on the ASSESSED VALUE of taxable property on the County's official tax rolls, not on the property's market value. Property owners should consult their own property tax bills to determine their property's assessed value and any applicable tax exemptions.

Attention of all voters is directed to the fact that the foregoing information is based upon the District's 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 dates of sale and the amount of bonds sold at any given time will be determined by the District based on the need for construction funds and other factors, including the legal limitations on bonds approved by a 55% vote. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale. Actual future assessed valuation 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.

Dated: February 15, 2006

/s/ Howard M. Chase, Superintendent

North County Joint Union School District

Provide for additional classrooms to accommodate enrollment
Construct and equip a cafeteria, for student dining and other school-related activities
Upgrade, repair, furnish, equip, and replace aging classrooms and other school facilities
Renovate and repair play fields
Construct and repair school parking lots to increase student safety

The bond proceeds shall only be used for acquiring, constructing, renovating, furnishing, and equipping school facilities and grounds and the acquisition of equipment for use in these facilities. Bond proceeds will not be used for teacher and administrator salaries, other school operating expenses, or any other purpose.

Approval of the District's bond measure does not guarantee that the projects that are the subject of the measure will be funded beyond the local revenues generated by the bond measure. The District's proposed projects may assume the receipt of state funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure.

Additionally, the District Board of Trustees will appoint a citizen's oversight committee (the "Committee") having a minimum of seven members and including at least one member active in a business organization representing the business community located within the District, one member active in a senior citizens' organization, one member active in a bona fide taxpayers' organization, one member the parent or guardian of a child enrolled in the District, and one member both a parent or guardian of a child enrolled in the District and active in a parent-teacher organization.

The District will deposit the proceeds of the bonds in a separate account. The District will have financial and performance audits performed annually to account for the bond funds and to assure that funds have only been expended on the specific projects authorized.