848 / 81.9% Yes votes ...... 187 / 18.0% No votes

See Also: Index of all Measures

1. The best estimate 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 bonds based on a projection of future assessed valuations is $0.0627 per $100 of assessed valuation in Fiscal Year 2002-2003.

2. The best estimate 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 bonds if the bonds are sold in series, and an estimate of the fiscal year in which that rate will apply, based on a projection of future assessed valuations is $0.0627 per $100 of assessed valuation in FiscaI Year 2012-13.

3. The best estimate of the highest tax rate that would be required to be levied to fund the bond issue and an estimate of the fiscal year in which that rate will apply, based on a projection of future assessed valuations, is again $0.0627 per $100 of assessed valuation, which is projected to be the same in every fiscal year.

Attention of all voters is directed to the fact that the foregoing is based upon projections and estimates only, which are not binding upon the District. The actual tax rates and 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 at any given sale, and the actual assessed valuation over the term of the repayment of the bonds. The actual time of sales of said bonds and the amount sold at any given time will be governed by the needs of the District and other factors (including market rate variations in the interest rate on general obligation bonds). Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined in the assessment and equalization process.

Dated: 8-10-2001

/s/ Edward E. Parraz

Meaning of Voting Yes/No

A YES vote of this measure means:

you want to authorize the District to issue and sell the bonds.

A NO vote of this measure means:

you do not want to authorize the District to issue and sell the bonds.

The issuance and sale of a bond by a school District is for the purpose of raising money for the District and represents a debt of the District. In exchange for money received from the holder of the bond, the District promises to pay the holder a set amount of interest for a certain time and to repay the loan on the expiration date.

A resolution adopted by the Board of Trustees of the Denair Unified School District on July 17, 2001, stated the bond shall be issued and sold for the purpose of acquiring, constructing, Improving, furnishing and equipping school facilities. The bond will bear interest at a rate not to exceed the legal limit.

If this measure passes, a tax shall annually levy on property within the District sufficient to pay the interest and redemption of all outstanding bonds to the District. The tax shall be sufficient to pay the interest on the bonds as it becomes due. The tax shall be sufficient to provide funds for the payment of such part of the principal and interest as shall become due before the proceeds of the next general tax levy can be made available for the payment of principal and interest.

--A "Yes" vote is a vote to authorize the District to issue and sell the bonds.

--A "no" vote is against authorizing the District to issue and sell the bonds.

This analysis is submitted by the Office of the Stanislaus County Counsel pursuant to the requirements of Section 9500 and following of the Elections Code of the State of California.

/s/ Michael H. Krausnick

MEASURE "P" WILL IMPROVE OUR SCHOOLS.

Denair children have always enjoyed a strong tradition of quality education. In 1942, Denair schools unified in the spirit to continue as a community committed to helping kids. But as our community has aged so have our schools. The average age of our schools is now over 38 years, and all three sites meet the age requirements to receive State funds for modernization. In addition, the schools are limited in the curriculum and activities they can provide to the children of our community.

Measure "P" will:

• Build and renovate the library and science and business classrooms

• Modernize each school replacing sewers and gas lines and upgrading classroom electrical systems to accommodate computer technology

• Build a gymnasium, cafeteria and kitchen at Deneir High School

• Construct additional permanent classrooms and support facilities

• Make health and safety upgrades at each school

As taxpayers, we all agree in the importance of our children's education and the value of quality schools.

Measure "P" will:

• Make the District eligible for approximately $3.5 million in State-matching funds

• Make repairs now instead of putting them off into the future when they will only cost more

• Be used only to improve our children's schools - not to pay employee salaries

Let's keep Denair a great place to raise our children, grandchildren, and future generations. Vote YES on Measure "P"!

/s/ Paul Prescott
High School Teacher

/s/ Duane Larson
Fire Chief, Retired

/s/ Carolyn Brown
Board President

/s/ Sandi Cook
Parent

/s/ D. Mark Hodges,
Farmer

(No arguments against Measure P were submitted)