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June 5, 2018 — California Primary Election
Special District

Pleasant Valley Elementary School District
Measure C - 55% Approval Required

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Election Results

Passed

10,650 votes yes (55.2%)

8,644 votes no (44.8%)

100% of precincts reporting (55/55).

20,803 ballots counted.

School District Bond
— undefined

To improve the quality of education; repair/replace leaky roofs; increase energy efficiency; modernize and construct classrooms, restrooms and school facilities; and improve student access to modern technology; shall Pleasant Valley School District issue $119,000,000 of bonds at legal rates, raising between $4,400,000 - $10,800,000 annually through 2048 at a rate of approximately $0.03 per $100 assessed value, with annual audits, an independent citizens' oversight committee, NO money for salaries, and funding that cannot be taken by the State?

What is this proposal?

Measure Details — Official information about this measure

Impartial analysis / Proposal

Ventura County Counsel

Measure “C” was placed on the ballot by the governing Board of the Pleasant Valley School District. Under the Constitution, school districts may issue general obligation bonds if approved by at least 55% of the District’s voters. A “Yes” vote on  Measure C would permit the District to issue Bonds in an amount not to exceed $119 Million for modernization, renovation, expansion, acquisition, construction, reconstruction, rehabilitation, and replacement of school facilities listed in Measure  C’s Project List.

The Bonds are expected to raise between $4.4M and $10.8M annually, commencing in fiscal year 2018-19, through 2048. According to the Superintendent of the District’s Tax Rate Statement, Bonds would issue at legal rates estimated at $0.03 per $100 of assessed valuation (i.e., $30.00 per $100,000 of assessed value). The District Superintendent estimates that the total debt service, including principal and interest, that may be required to be paid if all the bonds are issued and sold  is approximately $219.0 million.

Bond proceeds may be used only for Measure C’s stated purposes. The stated purposes include: renovation and expansion of labs for science, math, technology, etc.; repair of leaky roofs; improvements to student access to computers and other technology; replacement of deteriorating plumbing; upgrading of electrical systems; replacing or renovating HVAC systems; improvements to ADA facilities, including handicapped parking and restrooms; federal and state-mandated safety upgrades; security systems; replacement of temporary structures with permanent buildings; installation of solar panels; landscaping for water conservation; construction of multi-purpose rooms and a central kitchen; abatement of hazardous materials; repair of paved surfaces, turf replacement, etc., all as detailed in Measure C’s Project List but not in order of preference or guaranteed completion. Measure C provides that proceeds cannot be used for teacher or  administrator salaries or other school operating expenses.

If Measure C passes, the Board must establish an independent citizens’ oversight committee to ensure proceeds are expended only for authorized projects. The Superintendent must submit annual reports to the Board detailing bond proceeds  collected and expended, as well as information regarding the status of projects in Measure C’s Project List.

Principal and interest on the Bonds will be payable only from proceeds of ad valorem taxes levied upon taxable property within the District. These taxes would be in addition to the other real property taxes levied in the District. The amount of  increased taxes will depend upon the amount needed to pay principal and interest on the Bonds. The Tax Rate Statement in the county voter information guide reflects the District’s best estimates, based upon currently available data and  projections, of property tax rates required to service the Bonds.

Approval of Measure C does not guarantee that all projects specified in Measure C’s Project List will be funded beyond what can be funded with local revenues generated by Measure C’s Bonds. Measure C’s Projects List includes some projects  that require receipt of matching state funds for completion, which could be subject to appropriation by the Legislature or approval of a separate statewide bond measure.

* Section 9500 of the California Elections Code requires the County Counsel to prepare an Impartial Analysis for each school measure appearing on the ballot.

Tax rate

Superintendent Pleasant Valley School District

An election will be held in the Pleasant Valley School District (the “District”) on June 5, 2018, to authorize the sale of up to $119.0 million in bonds of the District to finance school facilities as described in the measure. If such bonds are authorized and sold, principal and interest on the bonds will be payable only from the proceeds of ad valorem tax levies made upon the taxable property in the District. The following information is provided in compliance with Sections 9400-9404 of the Elections Code of the State of California. Such information is based upon the best estimates and projections presently available from official sources, upon experience within the District, and other demonstrable factors.

Based upon the foregoing and projections of the District’s assessed valuation, the following information is provided:

      1. The best estimate of the average annual tax rate which would be required to be levied to fund this bond issue over the entire duration of the bond debt service, based on a projection of assessed valuations available at the time of filing of  this statement, is $0.03 per $100 of assessed valuation (or $30 per $100,000 of assessed value). The final fiscal year in which it is anticipated that the tax will be collected is 2047-48.

      2. The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on a projection of assessed valuations available at the time of filing of this statement, is $0.03 per $100 of assessed valuation  (or $30 per $100,000 of assessed value). It is estimated that such rate would be levied starting in fiscal year 2018-19 and following.

      3. 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 approximately $219.0 million.

Voters should note the estimated tax rate is based on the assessed value (not market value) of taxable property on the County’s official tax rolls. In addition, taxpayers eligible for a property tax exemption, such as the homeowner’s exemption,  will be taxed at a lower effective tax rate than described above. Property owners should consult their own property tax bills and tax advisors to determine their property’s assessed value and any applicable tax exemptions.

The attention of all voters is directed to the fact that the foregoing information is based upon projections and estimates only, which amounts are not maximum amounts and are not binding upon the District. The actual debt service, tax rates and the years in which they will apply may vary from those used to provide the estimates set forth above, due to factors such as variations in the timing of bond sales, the par amount of bonds sold and market interest rates available at the time of  each sale, actual assessed valuations over the term of the bonds, and other factors. The date and amount of bonds sold at any given time will be determined by the District based on the need for project funds and other considerations. The  actual interest rates at which the bonds will be sold will depend on conditions in 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.

By: Angelica M. Ramsey
Superintendent
Pleasant Valley School District

Published Arguments — Arguments for and against the ballot measure

Arguments FOR

Our children are the most important asset in our community and should be our number one priority. Research shows that improving school facilities leads to better education outcomes for our students. Remodeled and updated school facilities strengthen and enrich the entire Camarillo community. From neighborhood safety to improved property values, quality schools make a difference.

While our teachers do a great job of educating our children, and our facilities have been well maintained, with an average age of over 50 years many facilities are outdated and not ready to provide students with the learning environment they  need to succeed. This is why our community needs your YES vote on Measure C!

By investing in all of our neighborhood schools we can meet today’s safety, technology, and educational standards and better our community.

Measure C will upgrade, modernize, and renovate outdated classrooms and school facilities at Camarillo schools including:

- Major security and safety improvements
- Renovating facilities to support science, technology, engineering, math, music, and the performing arts
- Repairing or replacing leaky roofs
- Improving student access to computers and modern technology
- Replacing deteriorating plumbing and sewer systems
- Improvements to athletic facilities that are used for both youth and adult sports

Measure C makes financial sense and protects taxpayers:

- By law, all funds must be spent locally and cannot be taken by the State
- Preventive action now will avert costly repairs later
- Spending must be reviewed and annually audited by an independent citizens’ oversight committee
- Funds can only be spent to improve our local schools, not for teacher or administrator salaries

Measure C upgrades and renovates old and inadequate classrooms at every school site, improves the education of local children, and enhances the quality of our community. That’s something we can all support. Please join us and VOTE YES ON  MEASURE C!

s/Bob Rust
President, PVSD
Governing Board

s/Kathy I. Long
Ventura County   
Supervisor-Ret.

s/Mark Lisagor
Trustee, Ventura County
Board of Education

s/Gary Cushing
CEO – Chamber
of Commerce

s/Roberto Martinez
CEO/President Boys & Girls
Club of Camarillo/Parent

— Ventura County Clerk-Recorder, Registrar of Voters

Arguments AGAINST

Are you parents? Do you hold your children accountable?

Supporting schools is good. Supporting wasting your money on vague, unenforceable promises is bad.

Lucky you! You have two bonds to vote on in the same election.

Don’t be deceived by District’s campaign, funded by businesses that will likely benefit from bond money. (Isn’t that called pay-to-play?) Beware of high-priced marketers masquerading as “parents, teachers, and community leaders.”

Why Vote No on Measure C

- It’s virtually, word-for-word, identical to every other bond measure written by lawyers and advisors who make hundreds of thousands of dollars (payable by you, with interest) every time bonds are issued.

- Did you hear about a list of projects? Why isn’t there a list of SPECIFIC projects in Measure C? Because it would restrict the District to spend the money ONLY on those things?

— Ventura County Clerk-Recorder, Registrar of Voters

Replies to Arguments FOR

Did you know that lawyers and advisors write bond arguments all over California? Just tired, old cliches.

You’ve read the spin. Here’s the rest of the story.

NO ADMINISTRATOR SALARIES?

Is that promised?

Constitution says no salaries. Statutes say no salaries. Resolution, question, measure, and argument say no salaries. Guess what lawyers snuck in? Hint: Read “kitchen sink” paragraph. Salaries will be paid. You can take that to the bank.

FACTS

How did District get to $119,000,000? It’s maximum it can tax in one measure.

Measure C is a contract. Have you read the fine print? Besides District salaries, what else does it pay for? -- “accounting,” “audits,”, “costs of election,” “administration,” “previously obtained financing,” “lease payments,” and on and on.

Are our schools REALLY falling apart? Have you ever read School Accountability Report Cards? (sarconline.org) All, yes ALL, of our school facilities are rated “exemplary.” Not a “leaky roof” in the lot. Who’s being deceptive and dishonest here?

Should you believe SARCs required by law? Or Districts’s fantasies (Measure C) written to sell you a bill of goods?

What other claims is District making that don’t jive with SARCs? with Measure C?

BOTTOM LINE

Can you trust District? Have you seen enough to convince you that, when you’re not looking, District is willing to breach law, its promises, and its trust?

You’re being deceived! Don’t sign a blank check. Vote No! Learn more: http://bit.ly/NoPVESDBond

s/Robin Westmiller
Libertarian Party of Ventura County Chair

— Ventura County Clerk-Recorder, Registrar of Voters

Replies to Arguments AGAINST

Measure C funds will go right where they’re needed—improving classrooms and supporting Camarillo’s children.

Don’t let the solitary opponent mislead you. They don’t have the facts, they don’t live in our community, and they have submitted nearly identical arguments against multiple school districts. Generic statements against bonds from someone living outside our district do not address local issues nor solve local problems.

Measure C is a carefully considered program, with strict accountability that will allow the District to continue providing a quality education and the best learning environment for Camarillo children.
Here are the facts:

- Measure C is locally controlled, with every dollar benefitting local schools, children, and property values.

- By law, a detailed project list exists for review. SPECIFIC projects are outlined in the sample ballot sent to all voters, the Resolution approved by the Board, and available on the District’s website.

- Voters last approved a school measure over 20 years ago! Funds were spent to upgrade electrical systems and install air conditioning. Since that time, 33 measures have been passed elsewhere in the County.

- Measure C requires annual performance and financial audits and an independent citizens oversight committee reviews all expenditures.

To protect excellent local schools and ensure our students have safe and up-to-date classrooms, vote YES on C.

Many of Pleasant Valley’s most respected community members support Measure C. Trust them and not factually incorrect statements from an outsider.

Our students deserve a quality education. Join us—vote YES on C.

s/Bob Rust
President, PV School District
Managing Board

s/Mark Lisagor
Trustee, Ventura County
Board of Education

s/Kathy Long
Ventura County
Supervisor Ret.

s/Gary Cushing
CEO Camarillo Chamber
of Commerce

s/Ron Speakman
CPA

— Ventura County Clerk-Recorder, Registrar of Voters

Read the proposed legislation

Proposed legislation

INTRODUCTION

To improve the quality of education; repair/replace leaky roofs; increase energy efficiency; modernize and construct classrooms, restrooms and school facilities; and improve student access to modern technology; shall Pleasant Valley School  District issue $119,000,000 of bonds at legal rates, raising between $4,400,000 - $10,800,000 annually through 2048 at a rate of approximately $0.03 per $100 assessed value, with annual audits, an independent citizens’ oversight committee,  NO money for salaries, and funding that cannot be taken by the State?

BOND AUTHORIZATION

By approval of this measure by at least 55 percent of the registered voters voting on the measure, the Pleasant Valley School District will be authorized to issue and sell bonds of up to $119.0 million in aggregate principal amount at interest  rates not to exceed legal limits and to provide financing for the specific types of school facilities projects listed in the Bond Project List described below, subject to all the accountability requirements specified below.

ACCOUNTABILITY REQUIREMENTS

The provisions in this section are specifically included in this measure in order that the voters and taxpayers in the District may be assured that their money will be spent wisely. Expenditures to address specific facilities needs of the District will be  in compliance with the requirements of Article XIIIA, Section 1(b)(3), of the State Constitution and the Strict Accountability in Local School Construction Bonds Act of 2000 (codified at Education Code Sections 15264 and following.)

Evaluation of Needs. The School Board has identified detailed facilities needs of the District and has determined which projects to finance from a local bond. The School Board hereby certifies that it has evaluated safety, class size reduction,  enrollment growth, and information technology needs in developing the Bond Project List shown below.

Independent Citizens’ Oversight Committee. Following approval of this measure, the Board of Trustees will establish an Independent Citizens’ Oversight Committee, under Education Code Sections 15278 and following, to ensure bond proceeds are expended only on the types of school facilities projects listed below. The committee will be established within 60 days of the date when the results of the election appear in the minutes of the School Board.

Performance Audits. The School Board will conduct annual, independent performance audits to ensure that the bond proceeds have been expended only on the school facilities projects listed below. Financial Audits. The School Board will conduct  annual, independent financial audits of the bond proceeds until all of those proceeds have been spent for the school facilities projects listed below.

Government Code Accountability Requirements. As required by Section 53410 of the Government Code, (1) the specific purpose of the bonds is set forth in this Full Text of the Measure, (2) the proceeds from the sale of the bonds will be used  only for the purposes specified in this measure, and not for any other purpose, (3) the proceeds of the bonds, when and if issued, will be deposited into a building fund to be held by the Ventura County Treasurer, as required by the California  Education Code, and (4) the Superintendent of the District shall cause an annual report to be filed with the Board of Trustees of the District not later than January 1 of each year, which report shall contain pertinent information regarding the  amount of funds collected and expended, as well as the status of the projects listed in this measure, as required by Sections 53410 and 53411 of the Government Code.

NO TEACHER OR ADMINISTRATOR SALARIES

Proceeds from the sale of bonds authorized by this measure shall be used only for the purposes specified in Article XIII

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