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Voter’s Edge California
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League of Women Voters of California Education Fund
KPBS Voters Guide@KPBSNews
November 8, 2016 — Elección General de California
Distrito especial

Santa Monica Community College District
Measure V Bond Measure - 55% Approval Required

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Resultados electorales

Se aprueba

30,970 votos si (63.9%)

17,497 votos no (36.1%)

100% de distritos activos (71/71).

$345 Million in Bonds to Improve Affordable Higher Ed & Career Training
— undefined

To improve local access to affordable higher education for high school graduates/adults/veterans; improve education/career training in math, science, writing, arts, business; shall Santa Monica Community College District issue $345,000,000 in bonds at legal rates, with citizens oversight/annual audits, to repair, upgrade, construct, modernize, equip facilities for technology, science/biotech, college readiness; repair aging, leaky classrooms, remove asbestos, upgrade disabled access, seismic and campus safety?

¿Qué es esta propuesta?

Información básica sobre la iniciativa de ley — Información oficial sobre esta iniciativa

Análisis del analista legislativo / Proposal

 

ANALYSIS OF MEASURE V

by
Mary C. Wickham, County Counsel

Approval of Measure V ("Measure") would authorize the Board of Trustees ("Board") of the Santa Monica Community College District ("District"), which placed the Measure on the ballot by Resolution No. 2, to issue general obligation bonds in an amount not to exceed $345,000,000.

 

Proceeds from the sale of the bonds authorized by the Measure shall be used only for the purposes specified in the Measure, including, but not limited to, making capital improvements at any or all District facilities for classrooms and equipment for career development programs; upgrading safety and security systems; upgrading for Americans with Disabilities Act compliance; upgrading or constructing restrooms; installing, repairing, or replacing heating, air conditioning, ventilation and electrical systems, and roofs, windows, walls, and doors; resurfacing or replacing hard courts, turf, irrigation, and landscaping; building or renovating athletic laboratories and lockers; consolidating, constructing, replacing, extending, upgrading, completing, or renovating various buildings for programs in math, science, liberal arts, business, art, and performing arts; replacing the campus police station; making landscaping improvements to increase water conservation; designing and installing an outdoor classroom for plays and lectures; converting library book-shelving areas into additional study, tutoring, and collaborative learning spaces; upgrading facilities to improve energy and resource efficiency; upgrading technology infrastructure; providing a joint-use athletic field at the City of Santa Monica's Memorial Park; providing a joint-use auditorium at the John Adams Middle School; and enhancing the District's instructional presence in the City of Malibu. Bond proceeds may not be expended on teacher and administrator salaries and pensions and other operating expenses.

The Board shall cause independent performance and financial audits to be conducted annually to ensure that bond proceeds are spent only for the projects identified in the Measure. The Board shall appoint an independent Citizens' Oversight Committee in accordance with the Education Code to ensure that bond proceeds are spent as specified in the Measure and as provided by law.

The maximum rate of interest on any bond shall not exceed the maximum rate allowed by law. Bonds issued pursuant to Education Code section 15264 et seq. shall have a maturity not exceeding twenty-five (25) years, and bonds issued pursuant to the Government Code shall have a maturity not exceeding forty (40) years. For compound interest bonds, the maturity shall not exceed twenty-five (25) years. According to the District's Tax Rate Statement, the best estimate of the highest tax rate required to fund the bonds, and an estimate of the year in which that rate will apply, is $25 per $100,000 of assessed valuation of all property to be taxed in the year 2021-22. The estimate is based on estimated assessed valuations available when the District filed its Tax Rate Statement, or on a projection based on experience within the District, or other demonstrable factors.

 

This Measure requires a fifty-five percent (55%) vote for passage.

Tax rate

TAX RATE STATEMENT CONCERNING MEASURE V TAX RATE STATEMENT EGARDING PROPOSED 345,000,000 ANTA MONICA COMMUNITY COLLEGE DISTRICT ENERAL OBLIGATION BONDS

 

An election will be held in Santa Monica Community College District (the “District”) on November 8, 2016, for the purpose of submitting to the electors of the District the question of issuing bonds of the District in the principal amount of $345 million.  If such bonds are authorized and sold, the principal thereof and interest thereon will be payable from the proceeds of taxes levied on the taxable property in the District.  The following information regarding tax rates is given to comply with Section 9401 of the California Elections Code.  This 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 assessed valuations of taxable property in the District, and assuming the entire debt service on the bonds will be paid through property taxation:

  1. The best estimate from official sources of the tax rate that would be required to be levied to fund the bond issue during the first fiscal year after the first sale of the bonds, based on estimated assessed valuations available at the time of the filing of this statement, or on a projection based on experience within the District or other demonstrable factors, is $18 per $100,000 of assessed valuation of all property to be taxed in the year 2019-20.

  2. The best estimate from official sources of the tax rate that would be required to be levied to fund the bond issue during the first fiscal year after the last sale of the bonds and an estimate of the year in which that rate will apply, based on estimated assessed valuations available at the time of the filing of this statement, or on a projection based on experience within the District or other demonstrable factors, is $25 per $100,000 of assessed valuation of all property to be taxed in the year 2025-26.

  3. The best estimate from official sources of the highest tax rate that would be required to be levied to fund the bond issue and an estimate of the year in which that rate will apply, based on estimated assessed valuations available at the time of the filing of this statement, or on a projection based on experience within the District or other demonstrable factors, is $25 per $100,000 of assessed valuation of all property to be taxed in the year 2021-22.

Attention of voters is directed to the fact that the foregoing information is based upon projections and estimates.  The actual timing of sales of the bonds and the amount to be sold at any time will be governed by the needs of the District and other factors.  The actual interest rates at which the bonds will be sold, which will not exceed the maximum permitted by law, will depend upon the bond market at the time of sale.  The actual assessed valuations in future years will depend upon the value of property within the District as determined in the assessment and the equalization process. Therefore, the actual tax rates and the years in which those tax rates will be applicable may vary from those presently estimated and stated above.

The District estimates, based on current assumptions that total debt service on the bonds would be $722,483,675.

 

/s/Kathryn E. Jeffery
Superintendent/President
Santa Monica Community College District

Published Arguments — Arguments for and against the ballot measure

Argumento A FAVOR

ARGUMENT IN FAVOR OF MEASURE V

Vote Yes on Measure V!
For 87 years Santa Monica College has been the premier Community College in California. SMC is number one in transfers to the University of California and provides over 100 affordable fields of study and job-training programs.

50% of Santa Monica High School students attend SMC. SMC serves 1,000 veteranseach year.

As technology changes the workplace and the cost of higher education soars, access to a high quality Community College education with safe, modern, and efficient facilities adaptable to changes in technology is more important than ever.

Measure V allows SMC to better meet the needs of our community by completing the 2010 Master Plan:

- Renovating, replacing or modernizing aging and inadequate facilities on the main campus, including replacing classroom trailers from the 1994 earthquake

-Providing a new Science Extension building

-Removing asbestos and bringing facilities up to current seismic, accessibility, and safety standards

-Upgrading for improved information and communications technologies, and greater energy efficiency and water conservation

- Implementing joint use projects including expanding Santa Monica's Memorial Park, renovating the School District's John Adams Middle School Auditorium, and enhancing community educational facilities in Malibu

All funds must be used locally. None of the bond proceeds can be taken away by the State. Independent audits are required.

It is the power of the student-teacher connection and the breadth and depth of the program that create the formula for SMC's success. Its career and transfer oriented programs rival the nation's best universities.

SMC has served more than 27,000 Santa Monica and Malibu residents in the past decade. More members of our community take classes at SMC than do residents of other districts at their community colleges. That's why Measure V is supported by educators, parents, and local business and community leaders throughout our community.

Vote Yes on Measure V!


/s/ Dr. Louise Jaffe, Chair, Santa Monica College Board of Trustees
/s/ Tony Vazquez, Mayor, City of Santa Monica
/s/ Lou LaMonte, Mayor, City of Malibu
/s/ Denny Zane, Co-Chair, Santa Monicans for Renters Rights (SMRR); Former Santa Monica Mayor
/s/ Laurie Lieberman, President, Santa Monica-Malibu Unified School District

Argumento EN CONTRA

 

ARGUMENT AGAINST MEASURE V

$2 BILLION in Bond Obligations Is Too Much. VOTE NO on MEASURE V

Supporting higher education is NOT the issue here. If this bond measure passes, Santa Monica and Malibu property owners and tenants will be saddled with up to $2 billion tax obligations until the year 2046!
And this debt must be paid locally, even though only 4% of the over 30,000 SMC students are graduates of Santa Monica and Malibu high schools.

The 2015/2016 L.A. County Civil Grand Jury cautions that we spend too much on bonds before we have even repaid earlier ones.

Remember these SMC bonds? Here’s why the well is dry.

1992: $23 Million (Not paid off until 2022)
2002: $160 Million (Not paid off until 2032)
2004: $135 Million (Not paid off until 2034)

2008: $295 Million (Not paid off until 2038)
+2016: $345 Million (proposed) (Not paid off until 2046)

Total tax obligations (including interest) = up to $2 Billion

SMC is exempt from local land-use laws. It can build more buildings and generate more traffic without any municipal review. The SMC 2010 Facilities Master Plan estimated 5,600 new daily car trips, increasing traffic congestion at 36 intersections.

The $130 million Student Services building remains a huge hole in the ground since 2009. The new $24 million glass-walled Information Technology building was apparently built without air conditioning.

The Main Campus Quad cost $11 million. The Early Childhood Education Center near City Hall, budgeted at $7 million, will provide child care primarily for 110 children of City Hall, RAND, and SMC employees, many of whom are not local residents.

SMC must wisely spend the money we have generously given four times in recent years, recruit more local students, and be fully transparent and accountable.

Then we can talk about another bond.


/s/ Lorraine Sanchez, former member, SMC Citizens’ Bond Oversight Committee; former Vice President, Friends of Sunset Park; Pico neighborhood resident
/s/ Nancy Coleman, former member of the 2013-2014 Los Angeles County Civil Grand Jury; north of Montana resident
/s/ Ruthann Lehrer, former Santa Monica Landmarks Commissioner; Secretary, Northeast Neighbors neighborhood organization
/s/ Sherrill Kushner, former Board member, Santa Monica Public Library and Friends of the Library; Chair of the successful Library Bond Initiative campaign, north of Montana resident
/s/ Laurence Eubank, Former construction, real estate, corporate, and international development executive; Wilmont resident

Refutación al argumento A FAVOR

 

REBUTTAL TO ARGUMENT IN FAVOR OF MEASURE V

SMC says "show me the money".
We have 4 times.

Why raise our taxes a 5th time when we're not getting the straight story?

What's missing?

The amount of accumulated SMC bond debt previously approved for similar purposes -- fix or replace aging buildings -- each new request in sharply escalating amounts.

How this bond will differ from the 4 already passed. Most buildings have already been replaced.  Some, funded from a past bond, have yet to be built. Vague descriptions for improvements and land acquisition are inadequate and unconvincing.

There's no accounting of expenditures from previous bonds.
How were they spent? What's left? Why?

Why were previous approved bonds not enough?

The true amount of indebtedness for this bond is NOT $1.60/month for renters and $8.65/month for property owners as claimed. We'll pay $722,483,675 in addition to the past 4 SMC bonds – an astonishing $2 billion -- that won't be paid until 2046.

The true number of local high school students who attend SMC full-time is a very small percentage despite the misleading statistics the College reports. Yet we are being asked to underwrite the cost of more facilities benefiting mostly out-of-district students. The state recognized that it has responsibility to help fund the open door policy of our community colleges, so Prop 51 on this same ballot, if passed, will provide billions of dollars for state community colleges, including SMC.

We've done our research.

Make an informed choice.

Vote NO on Measure V it's Very excessive.
/s/ Doris Sosin, Former SM Recreation & Parks Commissioner, Founder & former chair, North of Montana Association
/s/ Robert T. Holbrook, Former Mayor, City of Santa Monica, Former Pres., SM-Malibu Unified School District Board
/s/ David Yuguchi, Board member, Northeast Neighbors
/s/ Peter Tigler, Former SM City Charter Review Commissioner, Former Chair, Pico Neighborhood Association
/s/ Colin Maduzia, Former SM Landmarks Commissioner, Former Boardmember, Friends of Sunset Park

Refutación al argumento EN CONTRA

REBUTTAL TO ARGUMENT AGAINST MEASURE V

Yes on Measure V.
Opponents' claims against Measure V are simply false. Supporting education is the issue here.

All neighboring communities are committing to the same level of support for their community colleges as proposed by Measure V.

Repairing and modernizing Santa Monica College classrooms protects our community's investment in SMC and gives our local residents facilities designed for a 21st Century education.

SMC has the State's best faculty. Failing to repair our classrooms risks losing great teachers in future years.

SMC has kept its promises:

REDUCED CAR TRIPS:
- Award-winning public transit program, in place since 2008 = reduced car trips 30%
- Reduction of planned footprint by 20% due to new online education offerings = reduced car trips 10%

FISCAL RESPONSIBILITY:
- All SMC facilities are reviewed locally.
- Santa Monica College passed a County review of all school bond programs with honors.
- The Student Services building, now under construction with a new design, is saving taxpayers $30 million.

LOCAL PRIORITIES:
- The planned child care facility guarantees priority for Santa Monica residents.
- 50% of Santa Monica High School students attend SMC.
- More than 27,000 Santa Monica and Malibu residents have attended Santa Monica College in the past decade.

SMC remains number one in transfers to the University of California, UCLA and USC.

Measure V is supported by educators, parents, and local business and community leaders.

Have more questions? Call Dr. Kathryn Jeffery, SMC President, 310-434-4200 or visit VoteYESforSMC.com for more details and background.

SMC is Valued.

SMC is Vibrant.

SMC is Very Affordable.

Vote Yes for Measure V.
/s/ Barbara lnatsugu, President, League of Women Voters of Santa Monica; Sunset Park resident
/s/ Jennifer Ferro, President, KCRW
/s/ Oscar de Ia Torre, Co-Chair, Pico Neighborhood Association; Executive Director, Pico Youth & Family Center; Board Member, Santa Monica-Malibu Unified School District
/s/ Tony Vazquez, Mayor, City of Santa Monica
/s/ Lou LaMonte, Mayor, City of Malibu

Leer la legislación propuesta

Legislación propuesta

SANTA MONICA COLLEGE: MEASURE V

 

FULL TEXT BALLOT PROPOSITION OF THE SANTA MONICA COMMUNITY COLLEGE DISTRICT BOND MEASURE ELECTION FOR NOVEMBER 8, 2016

 

PROJECT LIST

 

          The Board of Trustees of the Santa Monica Community College District certifies that it has evaluated the District’s urgent and critical capital needs, including school and student safety issues, enrollment trends, class size reduction, overcrowding, energy efficiency and computer technology, seismic safety requirements, and aging, outdated or deteriorating school buildings in developing the scope of projects to be funded.  In developing the scope of projects, the District has prioritized the key health and safety and sustainability needs so that the most critical school site needs are addressed.  The Board conducted an evaluation at all District sites and received input in developing the scope of projects to be funded.  In approving this Project List, the Board of Trustees determines that the District should:

Adhere to specific COMMUNITY ACCOUNTABILITY safeguards such as these:

(a) All bond expenditures are subject to review by a Citizens Oversight Committee which reports to the public, as provided in Education Code Section 15278 et seq.

(b) The District will involve faculty, staff and students in curriculum development at financed facilities throughout the life of the bond construction program.

(c) The District will provide an opportunity for input from community and neighborhood residents during the development of projects to be funded by this bond measure.

(d) The District will apply energy-saving and sustainability standards to all repairs and improvements.

(e) The District will enter into or extend Cooperative Use Agreements with the City of Santa Monica, the City of Malibu and the Santa Monica-Malibu Unified School District in order to make the most efficient use of bond funds whenever feasible.

The Project List includes the following types of projects: 

          All $345 million of bond proceeds will be spent within the Cities of Santa Monica and Malibu or at sites that share a boundary and are contiguous with the Cities of Santa Monica or Malibu.

          None of the bond proceeds can be taken away by the State of California.

          All projects funded by bond proceeds will be available for educational and public uses authorized in this Project List.

          Replacement safety and modernization projects were identified by means of an independent facilities assessment.   Replacement projects and projects to meet new educational needs have been presented to and approved by the District Board of Trustees and are included as priority items in the District’s Capital Improvement Plan on file with the State Chancellor’s Office.

          The items proposed for financing in whole or in part with the proceeds of the District’s general obligation bonds include the following capital projects at any or all District facilities:  

  • provide facilities, classrooms and/or equipment for career education programs in such fields as nursing, computer technology, new media, early childhood education, business, graphic design and other occupations in more than 80 fields of study; 
  • development and implementation of facilities master plans and related requirements such as environmental impact reports and soils testing, architectural, engineering and similar planning costs;
  • demolition of temporary and/or obsolete and unsafe facilities;
  • installation and/or upgrading of emergency lighting, fire alarm and security systems;
  • installation, upgrade or repair of roadways, walkways, grounds, parking lots and garages;
  • entrance improvements; upgrade facilities to comply with Federal mandated Americans with Disabilities Act (ADA) handicap accessibility requirements and State of California seismic standards;
  • signage for safety and public information; 
  • upgrade and/or construction of new and existing restrooms;
  • installation, repair and/or replacement of heating, air conditioning and ventilation systems; upgrade of facilities for energy efficiency and to reduce fire risks; 
  • repair and replacement of worn-out and leaky roofs, windows, walls, doors and drinking fountains;
  • installation of wiring and electrical systems to safely accommodate computers, technology and other electrical devices and needs; 
  • resurfacing or replacing hard courts, turf and irrigation systems and campus landscaping; 
  • building new and/or renovating existing athletic laboratories and lockers; 
  • upgrading or replacing inadequate libraries, and administrative spaces; 
  • installing interior and exterior painting and floor covering; installing covered walkways; construction of various forms of storage and support spaces; 
  • replacing water and sewer lines and other plumbing systems; 
  • financing/refinancing of real property leases; financing/refinancing of previously approved bond-financed projects; 
  • acquiring related furnishings and equipment for all renovation, improvement and/or new and existing construction project components; 
  • the relocation and/or acquisition of temporary facilities during the renovation, improvement and/or new construction of project components as necessary to maintain education programs in operation during construction; 
  • acquiring, refinancing and/or entering into arrangements for the use and/or joint use of real property for existing and future classrooms, student services, child care and/or other uses; making site improvements, building infrastructure and/or constructing additional facilities for the purpose of expanding instructional programs to meet future educational demands of District students.

SAFETY AND MODERNIZATION PROJECTS

          Science and Math Extension.  Santa Monica College is renowned for its science and allied health programs; however, the existing labs for Life, Physical and Earth Sciences are at capacity; also, the current facility for the Math Department consists of temporary trailers and lacks the infrastructure for smart classrooms or support for the use of modern technology for instructional use.  Consolidating Math and Science programs into a new Science Extension building supports interdisciplinary interaction.  The building extension would qualify for up to $40 million in State funding, which requires a local match.  The building will contain an upgraded planetarium and a community lab for all ages, including a nutrition and culinary lab in support of the College’s nutrition program.

          Replacement of Temporary Classrooms.  Bond proceeds would be used to replace the 1994 temporary trailer Math Village classroom complex with permanent First Year Experience classrooms, student support study space and instructional support labs.  These trailers were rushed into service following the 1994 Northridge Earthquake and have exceeded their time of usable service.  Additionally, proceeds would be used to replace the 1984 modular English as a Second Language classroom building.   This modular building lacks fire sprinklers, is poorly ventilated and has also exceeded its time of usable service. 

          Upgrading, Renovation or Replacement of Two 1950’s Buildings.  The 1952 Liberal Arts building has the poorest Facility Condition Index rating on the College’s main campus, lacks fire sprinklers and does not have an elevator.   The 1952 Letters & Science building has the second poorest Facility Condition Index rating on the main campus, and also lacks both fire sprinklers and an elevator. 
          Renovation of Business Building.  The 1981 Business Building is overdue for renovation.   The building houses a large number of computer classrooms and labs.

          Replacement of Campus Police Station.  The current police facility is antiquated and undersized.  Applying bond proceeds to the replacement, construction, renovation and relocation of the campus police station and including a public space for community and neighborhood use will improve public and campus safety.
          Upgrading, Renovation or Replacement of Art Building.  An upgraded, renovated or newly constructed art structure will replace aging building systems and improve space distribution for the many disciplines within the Art Department.  The College is eligible to receive up to $10 million in State funding for this project, which requires a local match. 

          Landscaping/ Water Conservation Improvements and Completing Pico Boulevard Frontage Improvements.  Applying bond proceeds for landscaping improvements, including landscaping improvements to complete the main campus Pico Boulevard frontage, will improve water conservation through water reclamation and installation of drought resistant landscaping. 

          Completing Master Plan Improvements at the Santa Monica College Performing Arts Center Campus.  Construction at the Performing Arts Center campus has proceeded in phases, in coordination with available funding.  The first phase added the Broad Stage and the Edye Second Space theaters.   The second phase has added an East Wing rehearsal hall and music performance labs.   The final phase, to be funded from bond proceeds, will include an underground three-level parking structure to replace most of the existing surface parking, along with an above-ground art gallery and green-space plaza.  The theaters at the Performing Arts Center are among the most heavily used theaters in Los Angeles County. 

          Designing and Installing an Outdoor Classroom.  The design, construction, installation and improvement of a venue for outdoor plays and class lectures.

          Converting Library Interiors.  Conversion of existing Library floor space used for book stacks to construct and install additional student study areas, tutoring and collaborative learning spaces that will support student success.

          Making Environmental Performance Improvements.  Bond funds will be used to upgrade District facilities to achieve energy or resource use efficiency and water conservation and achieve sustainability for District operations.

          Upgrading Technology Infrastructure.  Bond proceeds will be applied to renovate, replace, upgrade, acquire, install and integrate major site, building and utility systems, equipment and related infrastructure, including lighting, electrical, wiring and related infrastructure for modern technology, classroom instructional technology, communications and security technology (including security cameras and monitoring systems), data, voice, public address and audio-visual communication, energy efficiency, management monitoring systems, networks, fixtures, controls and equipment, cable infrastructure, network expansion, wireless access points and other communications and administrative systems. 

COMMUNITY JOINT USE PROJECTS

          Providing for a Joint Use Project with the City of Santa Monica.  The College will provide up to $20 million in bond funds for the expansion of the City of Santa Monica’s Memorial Park to accommodate soccer and/or other field sports for use by College students and the general public.

          Providing for a Joint Use Project with the Santa Monica-Malibu Unified School District.  The Johns Adams Middle School Auditorium, adjacent to the College’s main campus, has suffered earthquake damage and is no longer in service.  The College will make available bond funds as needed to assist the School District in renovating or replacing the auditorium with a seating capacity of approximately 750, for joint use. 

          Providing for City of Malibu Infrastructure and Community Educational Facilities.  The College will provide up to $25 million in funding enhancements to its instructional presence in Malibu in partnership with the City of Malibu.

ADDITIONAL CONDITIONS

          The allocation of bond proceeds may be affected by the District’s receipt of State matching funds and the final costs of each project.  In the absence of State matching funds, which the District will aggressively pursue to reduce the District’s share of the costs of the projects, the District may undertake fewer than all of the projects listed above.  Some projects may be undertaken as joint use projects in cooperation with other local public or non-profit agencies. 

          Necessary site preparation/ restoration may occur in connection with new construction, renovation or remodeling, including ingress and egress, removing, replacing or installing irrigation, storm drain, and utility lines, trees and landscaping, relocating fire access roads, and acquiring any necessary easements, licenses, or rights of way to the property.  Proceeds of the bonds may be used to pay or reimburse the District for the costs of District staff when performing work on or necessary and incidental to bond projects.  Bond proceeds shall only be expended for the specific purposes identified herein. 

          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 DISTRICT FACILITIES, INCLUDING THE FURNISHING AND EQUIPPING OF FACILITIES, AND NOT FOR ANY OTHER PURPOSE, INCLUDING TEACHER AND ADMINISTRATOR SALARIES OR PENSIONS OR OTHER OPERATING EXPENSES.

          FISCAL ACCOUNTABILITY.  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 (EDUCATION CODE SECTION 15278 ET SEQ.) TO ENSURE THAT FUNDS ARE SPENT AS PROMISED AND SPECIFIED.  THE CITIZENS’ OVERSIGHT COMMITTEE MUST INCLUDE, AMONG OTHERS, REPRESENTATIVES 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.

 

NOTICE TO VOTERS

 

 

Approval of Measure V does not guarantee that the proposed project or projects in the Santa Monica Community College District that are the subject of bonds under Measure V will be funded beyond the local revenues generated by Measure V. The district’s proposal for the 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

 

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