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Measure E Local Chico School Facility Improvement Measure Chico Unified School District 55% Approval Required Pass: 27112 / 64.96% Yes votes ...... 14622 / 35.04% No votes
See Also:
Index of all Measures |
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Results as of Nov 20 2:20pm, 100.0% of Precincts Reporting (63/63) 67.4% Voter Turnout (41734/61910) |
Information shown below: Impartial Analysis | Arguments | Tax Rate Statement | Full Text | ||||
Shall the voters authorize the sale of $78,000,000 in general obligation bonds for a Local Chico School Facility Improvement Measure?
This analysis of the general obligation bond measure for the Chico Unified School District ("District"), Measure E, is prepared and submitted in accordance with Elections Code Section 9500. Measure E does not propose to amend or add to existing law. If approved, the issuance of the bonds will be in conformance with the laws of the State of California. If fifty-five percent (55%) or more of the votes cast by the qualified voters in the District on the measure are "Bonds-Yes," the measure will be approved, and the District will be authorized to incur a bonded indebtedness in the principal amount of up to $78,000,000 and to levy ad valorem taxes on taxable property within the District to pay for the amount of bonded indebtedness plus interest. If the measure is not approved by at least 55% of the votes cast, the measure will fail and the bonds will not be issued. The bonds will bear interest at a rate not exceeding the legal limit. Interest will be established at the time of sale, depending on the market rates at that time. If issued under the Government Code, the maximum duration of the bonds cannot exceed forty (40) years. If issued under the Education Code, the maximum duration of the bonds cannot exceed twenty-five (25) years. The exact effect on tax rates cannot be determined until after the bonds are sold. The estimated tax rates are based on the assessed value of taxable property as shown on the County' s official tax rolls, not on the property's market value. Proposition 13, approved in 1978, amended the California Constitution by adding Article XIIIA limiting ad valorem taxes on real property to one percent (1%) on the value of the property. Article XIIIA was amended in 1986 by adding an exception providing that the 1% limitation does not apply to taxes used to pay interest and redemption charges on certain bonds. Taxes levied to pay the interest and principal of these District Bonds would be within this exception and not subject to the 1% limitation. The bond funds could be expended only for the purposes specified in the ballot measure, including: improving student access to computers and modern technology, repairing or replacing leaky roofs and plumbing systems, upgrading heating, ventilation and cooling systems. The proceeds will not be used for any other purpose, including payment of teacher or administrator salaries or other operating expenses. To assure that funds are spent only as specified in the measure, Measure E requires the appointment of a citizens' oversight committee and completion of independent financial audits. s/ Bruce S. Alpert Butte County Counsel
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News and Analysis Chico Enterprise Record - ChicoER.com
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Arguments For Measure E |
Our local Chico schools are the most important assets in our community and should be our number one priority. From higher achieving students, to training for future jobs, to greater neighborhood safety, quality schools make a difference. Our teachers and staff do excellent work in educating our children, but many classrooms and school facilities in the Chico Unified School District are inadequate to provide students with the school facilities they need to succeed.
Our children need your YES vote on Measure E! While schools have been well maintained, 30-50 year old classrooms must be upgraded since many do not meet 21st century education standards. A school improvement measure would allow the District to improve the quality of education provided to local children. Therefore, we must invest in our schools so they meet today's safety, technological, and educational standards. If passed, Measure E will provide funding to make critical facility improvements at all Chico schools by: Improving student access to modern technology; Repairing and replacing leaky roofs; Replacing deteriorating plumbing systems; Replacing energy inefficient heating, ventilation, and air-conditioning systems; Modernizing outdated classrooms, restrooms, and school facilities; Measure E makes financial sense and protects taxpayers. Measure E raises funds needed to improve our schools without increasing the current tax rate. Spending must be reviewed and annually audited by an independent citizens' oversight committee; and all bond funds must be spent locally and cannot be taken by the state. Funds can only be spent to improve our local schools, not for teacher or administrative salaries. Measure E upgrades and renovates old and inadequate classrooms, improves the education of local students, and maintains the quality of our community. That's something we can all support. Please join us and VOTE YES ON MEASURE E!
FOR INFORMATION PLEASE CONTACT:
(No arguments against Measure E were submitted) |
Tax Rate Statement from the Superintendent |
An election will be held in the Chico Unified School District (the "District") on November 6, 2012 to authorize the sale of $78,000,000 in general obligation bonds. The following information is submitted in compliance with Sections 9400-9404 of the California Elections Code.
The best estimate of the tax rate that would be required 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 $.0000 per $100 ($0.00 per $100,000) of assessed valuation in fiscal year 2013-14. The best estimate of the tax rate that would be required 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 $.01025 per $100 ($10.25 per $100,000) of assessed valuation in fiscal year 2022-23. The best estimate of the highest tax rate that would be required to fund this bond issue, based on estimated assessed valuations available at the time of filing this statement, is $.04550 per $100 ($45.50 per $100,000) of assessed valuation. These estimates are based on projections derived from information obtained from official sources. The actual tax rates and the years in which they will apply may vary depending on the timing of bond sales, the amount of bonds sold at each sale and actual increases in assessed valuations. The timing of the bond sales and the amount of bonds sold at any given time will be determined by the needs of the District. Actual assessed valuations will depend upon the amount and value of taxable property within the District as determined in the assessment and the equalization process. Dated: 6 July 12 s/ Kelly Staley, Superintendent, Chico Unified Schools |
Full Text of Measure E |
FULL TEXT BALLOT PROPOSITION
OF THE CHICO UNIFIED SCHOOL DISTRICT
BOND MEASURE ELECTION NOVEMBER 6, 2012
The following is the full proposition presented to the voters by the Chico Unified School District. "Without increasing current tax rates and to improve the quality of education at local Chico schools, improve student access to computers and modern technology, repair leaky roofs, replace plumbing systems, and upgrade heating, ventilation and cooling systems, shall Chico Unified School District acquire, construct, repair, modernize restrooms, classrooms, school facilities, sites, fields, equipment by issuing $78,000,000 of bonds at legal interest rates, with independent citizens' oversight and NO money taken by the State or used for administrators' salaries?" PRIORITY SCHOOL PROJECTS LIST The Board of Trustees of the Chico Unified School District evaluated the District's urgent and critical facility needs, including safety issues, enrollment trends, class size, class size reduction, and computer and information technology, in developing the scope of projects to be funded. The District conducted a facilities evaluation in developing this Priority School Projects List. The Board concluded that if these needs are not addressed now, the problems will only become more pressing. Therefore, in approving this Project List, the Board of Trustees determines that the District should: (i) Repair and replace leaky roofs for student safety and to reduce operating costs; (ii) Provide modern classroom technology and computers to support academic and job training programs; (iii) Modernize outdated classrooms, restrooms, school facilities and fields; (iv) Replace aging and broken heating, plumbing, electrical and heating, ventilation and air conditioning systems and other upgrades to reduce operating costs and improve energy efficiency; (v) Install energy efficient systems, including solar options; (vi) Retain all bond money to be used in our local community and not allow it to be taken by the State. District-Wide Upgrading of Computer Technology Projects
Student Safety
FISCAL ACCOUNTABILITY: IN ACCORDANCE WITH EDUCATION CODE SECTION 15272, THE BOARD OF TRUSTEES WILL APPOINT A CITIZENS' OVERSIGHT COMMITTEE AND CONDUCT ANNUAL INDEPENDENT AUDITS TO ASSURE THAT FUNDS ARE SPENT ONLY ON DISTRICT PROJECTS AND FOR NO OTHER PURPOSE. THE EXPENDITURE OF BOND MONEY ON THESE PROJECTS IS SUBJECT TO STRINGENT FINANCIAL ACCOUNTABILITY REQUIREMENTS. BY LAW, PERFORMANCE AND FINANCIAL AUDITS WILL BE PERFORMED ANNUALLY, AND ALL BOND EXPENDITURES WILL BE MONITORED BY AN INDEPENDENT CITIZENS' OVERSIGHT COMMITTEE TO ENSURE THAT FUNDS ARE SPENT AS PROMISED AND SPECIFIED. THE CITIZENS' OVERSIGHT COMMITTEE MUST INCLUDE, AMONG OTHERS, REPRESENTATION OF A BONA FIDE TAXPAYERS ASSOCIATION, A BUSINESS ORGANIZATION AND A SENIOR CITIZENS ORGANIZATION. NO DISTRICT EMPLOYEES OR VENDORS ARE ALLOWED TO SERVE ON THE CITIZENS' OVERSIGHT COMMITTEE. NO ADMINISTRATOR SALARIES. PROCEEDS FROM THE SALE OF THE BONDS AUTHORIZED BY THIS PROPOSITION SHALL BE USED ONLY FOR THE ACQUISITION, CONSTRUCTION, RECONSTRUCTION, REHABILITATION, OR REPLACEMENT OF SCHOOL FACILITIES, INCLUDING THE FURNISHING AND EQUIPPING OF SCHOOL FACILITIES, AND NOT FOR ANY OTHER PURPOSE, INCLUDING TEACHER AND SCHOOL ADMINISTRATOR SALARIES AND OTHER OPERATING EXPENSES. |