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Smart Voter
Sacramento County, CA June 8, 2010 Election
Measure A
School Bonds
Arcohe Union School District
55% Approval Required

Fail: 377 / 28.78% Yes votes ...... 933 / 71.22% No votes

See Also: Index of all Measures
Results as of Aug 20 9:41pm, 100.0% of Precincts Reporting (13/13)
Information shown below: Official Information | Impartial Analysis |

To acquire, construct, and improve classrooms and facilities, including continuing to upgrade student access to computers and modern technology, renovating the library to expand educational opportunities for our children, and making renewable energy improvements to reduce energy costs and put more money into the classroom, shall the Arcohe School District be authorized to issue $3,900,000 in bonds at legal interest rates with annual audits, a citizens' oversight committee, and no money for administrator salaries or overhead?

Official Sources of Information

Impartial Analysis from Sacramento County Counsel
Measure A, if approved by the voters, would allow the Arcohe Union School District ("District") to incur bonded indebtedness up to a maximum amount of $3.9 million. The proceeds from the issuance and sale of such general obligation bonds could only be used for the construction, reconstruction, rehabilitation or replacement of school facilities, including the furnishing and equipping of school facilities, or the acquisition or lease of real property for school facilities.

No funds derived from bond sales may be used for general school operating expenses, including administrator and teacher salaries, or for any purpose or project other than those expressly stated in the measure. Measure A lists the school facility improvement projects within the District intended to be financed by bond sales.

To assure that funds are spent only as specified in the measure, Measure A requires: 1) the appointment of an independent citizen's oversight committee and 2) completion of annual independent performance and financial audits.

If Measure A is passed, the actual dates of sale and the amount of bonds sold would be governed by the District based on the need for construction funds and other factors. If Measure A is approved, the tax rates necessary for payment of principal and interest on any bonds sold will be largely dictated by the timing of the bond sales, the amount sold at a given sale, market interest rates at the time of each sale (although in no event greater than the maximum bond interest rate allowed by law), as well as actual assessed valuation of taxable property in the District over the term of repayment.

Passage of Measure A requires approval by fifty-five percent of the voters voting thereon.

   General Links

Tiny Arcohe school district puts bond measure on ballot
Mar. 24, 2010
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Created: August 20, 2010 21:41 PDT
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