League of Women Voters of California Education Fund
| ||||
 |
|
|||
|
Measure K School Safety and Repair Baldwin Park Unified School District School Bond - 55% Approval Required
See Also:
Index of all Measures |
||||
| ||||
Pass:
6,727 /
72.06% Yes votes ......
2,608 /
27.94% No votes
| Results as of Dec 3 2:14pm, 100.00% of Precincts Reporting (27/27) |
| Information shown below: Arguments | Tax Rate Statement | | |||
|
To improve health, safety, class instruction by repairing, upgrading outdated classrooms, bathrooms, plumbing, roofs, install fire safety equipment, replace relocatable classrooms and buildings, improve handicapped student accessibility shall Baldwin Park Unified School District issue S75.5 million of bonds at legal rates, renovate, acquire, construct, repair and equip classrooms, science labs, neighborhood schools, sites and facilities, with guaranteed financial audits, citizen oversight, and no money for administrators' salaries?
|
Official Information News and Analysis
| ||
| Arguments For Measure K |
|
Everyone knows the importance and value of having quality schools. From higher achieving students to greater safety to improved property values, quality schools make a difference. While our teachers and staff do their best in educating our children, many classrooms and school facilities in the Baldwin Park Unified School District are overcrowded, outdated, and inadequate to provide students with the education they need to succeed.
Generally, schools have been well maintained over the years with many major renovations and improvements. The District has done a great job of securing funding to aid in this process. To date over $38,000,000 has been collected from the State to help pay for these improvements. However, our work is not done. Today the District qualifies for an additional $76,000,000. To receive these funds, we must pass a bond to provide our local share. If not, these monies will go to neighboring districts that do have a local share. Your YES vote on Measure K will create a lasting, positive impact on the quality of our schools and neighborhoods and the value of our homes. Measure K will improve District schools by:
VOTE YES ON MEASURE K!
(No arguments against Measure K were submitted) |
| Tax Rate Statement from Mark M. Skvarna, Superintendent, Baldwin Park Unified School District |
| An election will be held in the Baldwin Park Unified School District (the “District”) on November 7, 2006, for the purpose of submitting to the electors of the District the question of issuing bonds of the District in a principal amount not to exceed $75.5 million. If such bonds are authorized and sold, the principal thereof and interest thereon will be payable from the proceeds of tax levies made upon the taxable property in the District. The following information regarding tax rates is given to comply with Section 9401 of the California Elections Code. Such information is based upon the best estimates and projections presently available from official sources, upon experience with the District, and other demonstrable factors.
Based upon the foregoing and projections of the District’s assessed valuation, and assuming the entire debt service will be paid through property taxation:
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 sale of the first series of bonds based on estimated assessed valuations available at the time of filing of this statement is 6.0 cents per $100 of assessed valuation (or $60.00 per $100,000 of assessed valuation) for fiscal year 2007-08.
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 sale of the last series of bonds based on estimated assessed valuations available at the time of filing of this statement is 6.0 cents per $100 of assessed valuation (or $60.00 per $100,000 of assessed valuation) for fiscal year 2016-17.
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 years in which that rate will apply, based on estimated assessed valuations available at the time of the filing of this statement is again 6.0 cents per $100 of assessed valuation (or $60.00 per $100,000 of assessed valuation), which is projected to be the same in every fiscal year that the bonds remain outstanding. Attention to all voters is directed to the fact that the foregoing information is based upon projections and estimates only, which are not binding upon the District. The actual timing of bond sales and the amount of bonds sold at any given time will be governed by the needs of the District, the state of the bond market, and other factors. The actual interest rates on any bonds sold will depend upon market conditions and other factors 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 equalization process. Therefore, the actual tax rates and the years in which such rates are applicable may vary from those presently estimated as stated above. |
Los Angeles Home Page || Statewide Links || About Smart Voter || Feedback
Created: January 4, 2007 09:34 PST
Smart Voter <http://www.smartvoter.org/>
Copyright © League of Women Voters of California Education Fund http://www.lwvc.org
The League of Women Voters neither supports nor opposes candidates for public office or political parties.