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November 8, 2016 — California General Election
Special District

Oakley Union Elementary School District
Measure W Bond Measure - 55% Approval Required

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Election Results

Passed

7,855 votes yes (64.76%)

4,275 votes no (35.24%)

100% of precincts reporting (18/18).

13,473 ballots counted.

School Improvement and Overcrowding Prevention Measure
— undefined

To improve local schools with funding that cannot be taken away by the State; add classrooms and school facilities to prevent overcrowding; provide classroom instructional technology; improve science, math/engineering classrooms; repair, construct, replace/update classrooms/educational facilities; and qualify for state matching funds, shall Oakley Union Elementary School District issue $31 million in bonds, at legal rates, with independent citizens' oversight, no funds for administrator salaries and all funds staying local?

What is this proposal?

Measure Details — Official information about this measure

YES vote means

A “yes” vote authorizes the issuance of the bonds and the levy of taxes as estimated in the Tax Rate Statement to repay the bonded indebtedness. A “yes” vote by 55% of the voters within the District voting on the measure is required for passage of this measure.

 

NO vote means

 A “no” vote on this measure disapproves the issuance of the bonds and the levy of the taxes for the bonded indebtedness

Impartial analysis / Proposal

County Counsel

  The California Constitution provides that school districts may issue bonds 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, with the approval of 55% of the voters voting at an election for that purpose.

 

     By resolution, the Oakley Union Elementary School District has proposed that bonds of the District be issued in an amount up to $31,000,000. This measure provides that proceeds from the sale of the bonds will generally be used to “add classrooms and school facilities to prevent overcrowding; provide classroom instructional technology; improve science, math/engineering classrooms; repair, construct, replace/update classrooms/education facilities; and qualify for state matching funds.” The specific projects are set forth in the bond project list attached to the resolution of the Board of Trustees. The measure provides that a citizens’ oversight committee will be established to ensure that bond proceeds are properly expended and that annual performance and financial audits will be conducted. The measure further provides that bond proceeds will only be used for the purposes specified in the measure, and not for any other purpose.

     Approval of this measure authorizes the levy of ad valorem taxes upon taxable property to repay the bonded indebtedness, both principal and interest, in each year that bonds are outstanding. The Oakley Union Elementary School District has prepared a Tax Rate Statement, which represents the school district’s best estimates of the property tax rates required to service the bonds. The estimated highest tax rate required to be levied to fund the bonds is expected to be $30 per $100,000 of assessed valuation.

     Approval of the measure does not guarantee that the bonds will generate sufficient funds to allow completion of all of the proposed project or projects on the bond project list. The proposed project or projects may assume the
receipt of matching state funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure.

     A “yes” vote authorizes the issuance of the bonds and the levy of taxes as estimated in the Tax Rate Statement to repay the bonded indebtedness. A “yes” vote by 55% of the voters within the District voting on the measure is required for passage of this measure.

     A “no” vote on this measure disapproves the issuance of the bonds and the levy of the taxes for the bonded indebtedness

Tax rate

http://www.cocovote.us/current-election/measure-woakley-union-elementary-school-district/

  An election will be held in the Oakley Union Elementary School District (the “District”) on November 8, 2016, to authorize the sale of up to $31 million in bonds of the District for the specific school facilities projects listed in the Bond Project List established by the District, as described in the proposition. If the bonds are authorized, the District expects to sell the bonds in one or more series. Principal and interest on the bonds will be payable from the proceeds of tax levies made upon the taxable property in the District. The following information is provided in compliance with Sections 9400-9404 of the California Elections Code.

 

     (1) The best estimate of the tax rate that would be required to be levied to fund the bonds during the first fiscal year after the first sale of the bonds based on estimated assessed valuations available at the time of filing of this statement, is $0.03 per $100 of assessed valuation ($30.00 per $100,000 of assessed valuation) in fiscal year 2017-18.

     (2) The best estimate of the tax rate that would be required to be levied to fund the bonds during the first fiscal year after the last sale of the bonds, based on estimated assessed valuations available at the time of filing of this statement, is $0.03 per $100 of assessed valuation ($30.00 per $100,000 of assessed valuation) in fiscal year 2020-21.

     (3) The best estimate of the highest tax rate that would be required to be levied to fund the bonds, based on estimated assessed valuations available at the time of filing of this statement, is $0.03 per $100 of assessed valuation ($30.00 per $100,000 of assessed valuation) in fiscal year 2017-18.

     (4) The best estimate of the average tax rate which would be required to be levied to fund the bonds during the life of the bonds, based on estimated assessed valuations available at the time of filing of this statement, is $0.03 per $100 of assessed valuation ($30.00 per $100,000 of assessed valuation).

     (5) The best estimate of the total debt service, including the principal and interest, that would be required to be repaid if all the bonds are issued and sold is $50,261,459 ($31,000,000 of principal and $19,261,459 of interest). This estimates is based on assumptions regarding future interest rates and the term, timing, structure and amount of each series of bonds.

     Voters should note that such estimated tax rates are specific to the repayment of bonds issued under this authorization and are and will be in addition to tax rates levied in connection with other bond authorizations approved or to be approved by the District or any other overlapping public agency.

     Voters should note that estimated tax rate is based on the ASSESSED VALUE of taxable property on Contra Costa County’s official tax rolls, not on the property’s market value. Property owners should consult their own property tax bills to determine their property’s assessed value and any applicable tax exemptions.

     Attention of all voters is directed to the fact that the foregoing information is based upon the District’s projections and estimates only, which are not binding upon the District. 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 dates of sale and the amount of bonds sold at any given time will be determined by the District based on 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 each sale. Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined by the Contra Costa County Assessor in the annual assessment and the equalization process.

Dated August 3, 2016.

___________________________________
Superintendent
Oakley Union Elementary School District

Published Arguments — Arguments for and against the ballot measure

Arguments FOR

Vote YES on Measure W to prevent overcrowding in our local schools and ensure our Oakley Union Elementary School District students have access to a safe and modern education.

 

We all know that our local elementary and middle schools here in Oakley are outstanding. In fact, our schools are the primary reason families choose to live in our community, as our schools provide a solid foundation in science and math, helping to prepare students for success in high school, college and future careers.

But our schools are aging and need essential safety improvements and upgrades. Classrooms and academic technology need to be updated to meet current academic standards and support a 21st-century education. More classrooms are needed to prevent overcrowding.

Your YES vote will provide more classrooms and school facilities to prevent overcrowding and make essential improvements to support a high-quality education.

Vote YES on W: Prevent Overcrowding and Make Essential Safety Upgrades

  • Add classrooms and school facilities, including a new elementary school, to prevent overcrowding
  • Improve student safety and access
  • Bring classrooms at all schools up to current education and communication standards
  • Expand and provide additional classroom instructional technology
  • Improve access for students with disabilities
  • Enhance classrooms for performing arts, science and technology education programs

Accountability is Required: Every Penny Stays in Oakley

  • Measure W qualifies our schools for state matching funds
  • Every penny will benefit Oakley elementary and middle schools—the State can’t take away any funds
  • No funds can go toward administrators’ salaries
  • Developers will continue to pay their share of school construction costs
  • Independent citizen oversight, annual audits and reports to the community will ensure funds are used as promised

Join teachers, parents, elected leaders and the business community in voting YES on Measure W to continue providing every student equal access to quality education in Oakley.

Pat Anderson, Retired: Teacher, Oakley Mayor, City Council Member
Arthur Fernandez, Past Oakley School District Board Member
Tommy Sizemore, Owner of Sizemore Const. Father of 3 Oakley Students
Mike Burton, Retired Sheriff’s Captain, Father of 3 Oakley Students
Dr. Mike Painter, Oakley Chiropractor, Father of 3 Oakley Students

— Contra Costa County Elections Division

Arguments AGAINST

None Filed.

— Contra Costa County Elections Division

More information

Opinions & Analysis (1)

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