League of Women Voters of California Education Fund
	Los Angeles County, CA November 6, 2012 Election
	Measure CC School Improvement Bonds Covina-Valley Unified School District School Bonds - 55% Approval Required Pass: 17,640 / 73.10% Yes votes ...... 6,491 / 26.90% No votes See Also: Index of all Measures

Arguments For Measure CC

Measure CC has been placed on the ballot to address the most pressing needs of our local schools. Measure CC will provide funding to upgrade classrooms, computer systems and science labs. Measure CC will provide facilities and equipment needed to provide local children with career training and advanced courses in math, science and technology so they are prepared for college and good paying jobs. As our community continues to grow and change, existing schools-all originally constructed almost 50 years ago---continue to age and require extensive renovations. Over the past year each school in the district has been independently evaluated to determine the most critical needs. Among the projects that will be completed: Repair of leaky roofs, worn-out floors, old rusty plumbing, and faulty electrical systems Energy efficiency improvements to save money Upgrade of science labs, classrooms, computers and technology Repair of bathrooms and unsafe playground areas Handicapped access as required by law Upgraded athletic facilities where needed Improved student safety and security systems, including security lighting, fencing, smoke detectors, fire alarms, and sprinklers All Measure CC funds will stay in our community to benefit Covina-Valley students. By law, every dollar must go into local school upgrades. Measure CC will qualify our community for state matching funds. Without Measure CC, these funds will go to other school districts. An independent Citizens Oversight Committee will ensure funds are spent properly. Measure CC is a smart investment. High quality schools enhance property values. Home resale values will benefit as our local schools are improved. Business leaders, parents, teachers and community leaders all support Measure CC and urge your support Please vote yes on Measure CC. WILLIAM MCINTYRE Businessman/Family Owned Business in Covina Since 1946 SUE MAULUCCI Lifetime Resident and PTA President of Covina-Valley JACQUELINE A. MILLER Lifetime Covina Resident - Committed Community Member JUDITH C. WIGGINS-NORTH Retired Covina-Valley Principal, 37 Year Resident of Covina-Valley JOHN C. KING Member of Covina City Council (No arguments against Measure CC were submitted)

Tax Rate Statement from DR. CATHERINE NICHOLS, Ed.D., Superintendent, Covina-Valley Unified School District

To: The voters voting in the November 6, 2012 election on the question of the issuance of $129,000,000 General Obligation Bonds of the Covina-Valley Unified School District. You are hereby notified in accordance with Section 9401 of the Elections Code of the State of California of the following: 1. The best estimate from official sources of the tax rate which would be required to be levied to fund principal and interest payments during the first fiscal year after the first sale of bonds (Fiscal Year 2013-2014), based on assessed valuations available at the time of the election and taking into account estimated future growth, is the following: $.02900 per $100 of assessed valuation, which equates to $29.00 per $100,000. 2. The best estimate from official sources of the tax rate which would be required to be levied to fund principal and interest payments during the first fiscal year after the last sale of bonds and an estimate of the year in which that rate will apply, based on assessed valuations available at the time of the election and taking into account estimated future growth, is as follows: $.02900 per $100 of assessed valuation, which equates to $29.00 per $100,000. First fiscal year after last sale of bonds: 2028-2029 3. The best estimate from official sources of the highest tax rate which would be required to be levied to fund principal and interest payments on the bonds and an estimate of the year in which that rate will apply, based on assessed valuations available at the time of the election and taking into account estimated future growth, is as follows: $.02900 per $100 of assessed valuation, which equates to $29.00 per $100,000. Year of highest tax rate: Tax is projected to be the same every year. The attention of all voters is directed to the fact that the foregoing information is based upon projections and estimates only. 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 date of sale and the amount of bonds sold at any given time will be determined by the District based on its 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 sale. Actual future assessed valuations will depend upon the amount and value of taxable property within the District as determined by the County Assessor in the annual assessment and the equalization process. Accordingly, the actual tax rates and the years in which such rates are applicable may vary from those presently estimated as above stated.