League of Women Voters of California Education Fund
	Riverside County, CA June 5, 2012 Election
	Measure L School Improvement Bonds Val Verde Unified School District 55% Approval Required Pass: 2,758 / 61.91% Yes votes ...... 1,697 / 38.09% No votes See Also: Index of all Measures

Arguments For Measure L

Voting YES on "L" will maintain quality education in our local Val Verde schools. By law, all Measure "L" funds stay here and go directly to support local children. Not one penny can be taken by the State or used for other purposes. Each of the nearly 20,000 students attending our schools deserves a quality education. Measure "L" provides locally-controlled funding to help students succeed that Sacramento can't take. Val Verde Unified School District is one of the best in the region. Student test scores outperform all surrounding school districts. However, student overcrowding, outdated technology, and State budget cuts threaten this progress. Schools are overcrowded and will become even more crowded unless something is done. For example, our high schools hold 50% more students than they were designed for, which means many students can't get the classes or labs required by colleges. Measure "L" gives all students access to the teachers, science labs, libraries and computers they need to learn and prepare for college. Measure "L" will: Attract and retain qualified teachers Protect quality academic instruction in core subjects like math, science, reading and writing Help students struggling with the basics Challenge students preparing for college Improve student safety and security Update technology and computers in classrooms, libraries and science labs Restore programs lost due to state budget cuts, including music, tutoring and physical education Provide career and technical education to help students compete for high-demand jobs Mandatory accountability protections: All funds stay in our local schools No funds can be taken by the State Independent citizen oversight and annual audits required Measure "L" helps students prepare and qualify for college. It also makes sure those not headed to college receive career training to get good jobs and earn a living. Please vote Yes on "L" for 21st century learning. Albert Trudel, President, Val Verde Teachers Association Luzi Chavez, Val Verde Parent & Community Leader Dan Rice, President, Moreno Valley Homeowner Assoc. Marla Kirkland, Lifetime Community Member & Past Val Verde Board Member Rita Rogers, City Council of Perris (No arguments against Measure L were submitted)

Tax Rate Statement from Chief Business Officer, Val Verde Unified School Distric

An election will be held in Val Verde Unified School District (the "District") on June 5, 2012 for the purpose of submitting to the electors of the District the question of incurring a bonded indebtedness of the District in the principal amount of $178,000,000. If such bonds are authorized and sold, the principal thereof and interest thereon will be payable from the proceeds of taxes levied on the taxable property in the District. The following information regarding tax rates is given to comply with Section 9401 of the California Elections Code. This information is based upon the best estimates and projections presently available from official sources, upon experience within the District and other demonstrable factors. Based upon the foregoing and projections of the assessed valuations of taxable property in the District, and assuming the entire debt service on the bonds will be paid through property taxation: 1. The best estimate from official sources of the tax rate that would be required to be levied to fund the bond issue during the first fiscal year after the first sale of the bonds, based on estimated assessed valuations available at the time of the filing of this statement, is $48.73 per $100,000 of assessed valuation of all property to be taxed for the year 2012-13 (it is expected that the typical homeowner within the School District will pay $80 in year 2012-13). 2. The best estimate from official sources of the tax rate that would be required to be levied to fund the bond issue during the first fiscal year after the last sale of the bonds and an estimate of the year in which that rate will apply, based on estimated assessed valuations available at the time of the filing of this statement, are $48.73 per $100,000 of assessed valuation of all property to be taxed and the year 2024-25. 3. The best estimate from official sources of the highest tax rate that would be required to be levied to fund the bond issue and an estimate of the year in which that rate will apply, based on estimated assessed valuations available at the time of the filing of this statement, are $48.73 per $100,000 of assessed valuation of all property to be taxed and the year 2012-13. Attention of voters is directed to the fact that the foregoing information is based upon projections and estimates. The actual timing of sales of the bonds and the amount to be sold at any time will be governed by the needs of the District and other factors. The actual interest rates at which the bonds will be sold, which will not exceed the maximum permitted by law, will depend upon the bond market at the time of sale. The actual assessed valuations in future years will depend upon the value of property within the District as determined in the assessment and the equalization process. Therefore, the actual tax rates and the years in which those tax rates will be applicable may vary from those presently estimated and stated above.