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LWV League of Women Voters of California Education Fund
Smart Voter
Los Angeles County, CA November 4, 2008 Election
Measure Z
Education Upgrades
Torrance Unified School District
School Bond - 55% Approval Required

Pass: 41,832 / 71.49% Yes votes ...... 16,684 / 28.51% No votes

See Also: Index of all Measures
Results as of Nov 28 5:11pm, 100.00% of Precincts Reporting (74/74)
Information shown below: Official Information | Impartial Analysis |

To fund additional upgrades to school facilities that support student learning and extracurricular activities, shall Torrance Unified School District also issue $90 million in bonds at legal interest rates to renovate worn-out physical education facilities and playgrounds for health and safety; construct music/art classrooms and science labs; and replace deteriorating covered walkways to establish a safe school environment; with mandatory audits, independent citizen oversight, and all money staying local?

Official Sources of Information

Impartial Analysis from Raymond G. Fortner, Jr.
County Counsel
Approval of Measure Z would authorize the Torrance Unified School District (“District”) to issue general obligation bonds, in an amount not to exceed $90,000,000.

Funds received from the sale of the bonds shall be used for the specific purposes set forth in this Measure including, renovating physical education facilities and playgrounds; constructing music/art classrooms and science labs; upgrading water and sewer utility connections; and replacing covered walkways. 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 the funds received from the sale of the bonds are expended as specified in the Measure. All bond expenditures will be monitored by an independent Citizen’s Oversight Committee to ensure that the funds are spent as specified.

The bonds shall bear or accrue interest at a rate not to exceed the legal maximum. The bonds shall mature and be paid no later than forty (40) years following their date of issuance. By issuing the bonds the District may be eligible to receive matching state funds.

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

   District Statistics

GreatSchools.Net
News and Analysis

Time-Warner Cable

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