League of Women Voters of California Education Fund
	Orange, Los Angeles County, CA November 4, 2014 Election
	Measure I Improve Our Excellent Local High Schools Fullerton Joint Union High School District School Bond - 55% Approval Required Pass: 25,415 / 58.6% Yes votes ...... 17,938 / 41.4% No votes    23,257 (59.0%) Yes / 16,191 (41.0%) No in Orange County    2,158 (55.26%) Yes / 1,747 (44.74%) No in Los Angeles County See Also: Index of all Measures

Tax Rate Statement from Superintendent, Fullerton Joint Union High School District

An election will be held in the Fullerton Joint Union High School District (the "District") on November 4, 2014, to authorize the sale of up to $175,000,000 in bonds of the District for the specific school facilities projects listed in the Bond Project List established by the District, as described in the proposition. The District expects to sell the bonds in two or more series. Principal and interest on the bonds will be payable from the proceeds of tax levies made upon the taxable property in the District. The following information is provided in compliance with Sections 9400-9404 of the Elections Code of the State of California. 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 $19.00 per $100,000 of assessed valuation in fiscal year 2014-15. 2. 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 $19.00 per $100,000 of assessed valuation in fiscal year 2014-15. 3. 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 last series of bonds, based on estimated assessed valuations available at the time of filing of this statement, is $19.00 per $100,000 of assessed valuation in fiscal year 2020-21. 4. 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 $19.00 per $100,000 of assessed valuation. Voters should note that estimated tax rate is based on the ASSESSED VALUE of taxable property on Orange 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 need for construction funds and other factors. 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 Orange County Assessor in the annual assessment and the equalization process. Dated: August 5, 2014 s/ George Giokaris Superintendent, Fullerton Joint Union High School District