Pass: 12,515 / 72.54% Yes votes ...... 4,738 / 27.46% No votes

See Also: Index of all Measures

Impartial Analysis from Raymond G. Fortner, Jr. County Counsel

Approval of Measure KC would authorize the El Monte City School District (“District”) to issue general obligation bonds, in an amount not to exceed $75,000,000.

Funds received from the sale of the bonds would be used to improve safe campuses, upgrade classroom technology to meet current teaching standards, repair, acquire, construct and equip classrooms, sites/facilities, complete safety/energy efficiency upgrades, replace roofs, heating, electrical, cooling systems, upgrade technology and add new computer labs. Proceeds from the sale of the Bonds shall be used only for construction, reconstruction, rehabilitation, or replacement of school facilities, including furnishing and equipping school facilities. No funds may be used for teacher and administrator salaries or any other school operating expenses.

Independent performance and financial audits will be performed annually to ensure that funds received from the sale of the bonds are expended as specified by the Measure. All bond expenditures will be monitored by an independent Citizens’ Oversight Committee to ensure that funds are spent as specified.

The best estimate of the highest tax which would be required to be levied to fund the bonds is thirty dollars ($30) per $100,000 of taxable property in the District. The bonds would be issued for a term not to exceed twenty-five (25) years in the case of bonds issued under the authority of the Education Code, and forty (40) years in the case of bonds issued under the authority of the Government Code. The bonds would be issued at an interest rate that does not exceed the legal maximum rate.

This Measure requires a fifty-five percent (55%) vote for passage.

El Monte City School District

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