presents
Voter’s Edge California
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Presentado por
MapLight
League of Women Voters of California Education Fund
San Mateo County Libraries Voter Guide@SMCLibraries
November 8, 2016 — Elección General de California
Distrito especial

Capistrano Unified School District School Facilities Improvement District 2
Measure M Bond Measure - 55% Approval Required

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Resultados electorales

No se aprueba

72,915 votos si (45.5%)

87,452 votos no (54.5%)

100% de distritos activos (210/210).

To upgrade neighborhood schools by repairing outdated classrooms; improving science, technology, engineering, and math labs; ensuring fire/drinking water safety; removing asbestos; replacing leaky roofs; upgrading safety/security; repairing, constructing, and equipping educational facilities to prepare students for college/vocational/military careers, shall School Facilities Improvement District #2 of the Capistrano Unified School District issue $889 million in bonds at legal interest rates, requiring an independent citizens' oversight committee, annual independent audits, no funds for administrator or teacher salaries/benefits, and all funds used locally?

¿Qué es esta propuesta?

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

Un voto por el SÍ significa

A “Yes” vote means the school district may proceed to

sell the bonds and levy the related taxes as estimated in

the tax rate statement.

Un voto por el NO significa

A “No” vote on this measure will disapprove the issuance

of the bonds and the levy of the taxes for such bonded

indebtedness.

Antecedentes

No document was filed.

Análisis del analista legislativo / Proposal

Orange County Counsel

The California Constitution provides that school districts may issue general obligation 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 of the district, voting at an election for that purpose. The California Constitution further provides that the bond measure must include a requirement that bond proceeds will be used only for the permitted purposes and other requirements designed to ensure accountability.

The Board of Trustees of the Capistrano Unified School District has proposed to the voters within the School Facilities Improvement District No. 2 of the Capistrano Unified School District (“SFID No. 2”) that general obligation bonds be issued in an amount up to $889,000,000 and that ad valorem taxes be levied upon taxable property within the school district to repay the bonded indebtedness.

The measure provides that proceeds from the sale of the bonds will generally be used to renovate, repair, construct and upgrade school facilities within SFID No.2, including upgrading or constructing libraries, restrooms, music rooms and science rooms; improving technology infrastructure; repairing or replacing roofs, HVAC systems, and plumbing; and updating physical activity facilities, aquatic facilities and play areas. Bond proceeds may only be spent on the projects set forth in the measure.

The measure provides that a citizens’ oversight committee will be established to ensure that bond proceeds are properly expended within SFID No. 2. In addition, annual performance and financial audits will be conducted. The measure also requires the Superintendent of the Capistrano Unified School District to submit a yearly report to the Board of Trustees as long as the proceeds of the bond remain unexpended. The measure further provides that bond proceeds will not be used for teacher or administrator salaries or other school operating expenses.

Approval of the measure does not guarantee that the proposed project or projects in SFID No.2 that are the subject of bonds under the measure will be funded beyond the local revenues generated by the measure. The school 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.

The Board of Trustees of the Capistrano Unified School District has called the election for the purpose of submitting the measure to the voters within the School Facilities Improvement District No. 2. If 55% of the voters within School Facilities Improvement District No. 2 of the Capistrano Unified School District voting on the measure vote “yes,” the school district may proceed to sell the bonds and levy the related taxes as estimated in the tax rate statement. A “no” vote on this measure will disapprove the issuance of the bonds and the levy of the taxes for such bonded indebtedness

Efectos fiscales

No document was filed.

Tax rate

Capistrano Unifed School District Attorney

An election will be held within the boundaries of School Facilities Improvement District No. 2 of the Capistrano Unified School District (“School District”) on November 8, 2016 to authorize the sale of up to $889,000,000 in bonds to finance facilities as described in the proposition. If the bonds are approved, the School District expects to sell the bonds in multiple series. Principal and interest on the bonds will be payable from the proceeds of tax levies made upon the taxable property located within the School 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 which would be required to be levied 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 4.18 cents per $100 ($41.81 per $100,000) of assessed valuation in fiscal year 2017-18.

2. The best estimate of the tax rate which would be required to be levied 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 4.29 cents per $100 ($42.93 per $100,000) of assessed valuation in fiscal year 2025-26.

3. The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on estimated assessed valuations available at the time of filing of this statement, is 4.29 cents per $100 ($42.99 per $100,000) of assessed valuation in fiscal year 2032-33.

4. The best estimate of total debt service, including principal and interest, which would be required to be repaid if all the bonds are issued and sold is $1,839,767,626. This estimate results in a debt service to principal ratio of 2.07 to 1, which is nearly half of the maximum allowed by State law. The estimate is based on assumptions regarding future interest rates and the term, timing, structure, and amount of each bond issue.

Voters should note that the estimated tax rate is based on the ASSESSED VALUE of taxable property on the County of Orange 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.

The foregoing information is based upon the District’s projections and estimates, which are not binding upon the District. The actual tax rates, debt service 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 interest rates at the time of sale, and actual assessed valuations over the term 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 the 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 County Assessor in the annual assessment and the equalization process.

Dated: August 10, 2016

s/ Kirsten Vital
Superintendent

Published Arguments — Arguments for and against the ballot measure

Argumento A FAVOR

VOTE YES ON MEASURE M TO ENSURE SAFE, HEALTHY LEARNING ENVIRONMENTS FOR TODAY’S STUDENTS.

Capistrano Unified School District students have access to some of the best educational opportunities in the state, but our campuses have fallen behind. Measure M will modernize aging schools, upgrade campus safety, and help our students become competitive for 21st century careers.

Measure M requires tough taxpayer protections. Money generated by the measure can only be spent on repairs, facility upgrades, technology infrastructure, and replacing aging portables. No money from this measure can be used for administrators’ or teachers’ salaries or benefits, nor can it be taken away by the state for use elsewhere. Measure M requires an Independent Citizens’ Oversight Committee and annual audits to ensure funds are spent as promised. Measure M meets the Orange County Taxpayers Association criteria for transparency, and includes a 3% reserve fund for ongoing maintenance.

Seventy percent of the district’s classrooms were built over 20 years ago. Some were constructed in the 1940s, but even our newest schools need additional classroom buildings. Older campuses urgently need repairs to leaking roofs and broken plumbing, asbestos removal, fire and drinking water safety upgrades, replacement of deteriorating sewer and gas lines, electrical system repairs, air conditioning installation, new technology infrastructure, and improved access for the disabled. Our community’s students deserve schools that meet today’s standards for classroom quality and safety.

Each of the district’s 53 schools will benefit from Measure M, with upgraded science, technology, and engineering labs; new and upgraded arts and music spaces; and improved safety.

Measure M is an investment in our children’s future and our outstanding schools, which contribute to the local economy and improved property values. Please join parents, teachers, taxpayers and community leaders in voting Yes on Measure M to keep our schools safe and successful!

www.YesonMCapistrano.com

s/ Amy Hanacek
President, Capistrano Unified School District Board of Trustees

s/ Mitch Kahn
Orange County Fire Captain

s/ David Hennings
Teacher, Shorecliffs Middle School

s/ Mike Darnold
Former District Governor Rotary International

s/ Kristi Clark
2016 Orange County High School Teacher of the Year

— Orange County Registrar of Voters

Argumento EN CONTRA

Orange County residents already are among the highest taxed in America – Measure M seeks to increase our taxes by $889 Million ($1.8 BILLION with Interest)!

This bond measure is opposed by your trusted representatives:

• State Senator Patricia Bates

• Assemblyman Bill Brough

• County Supervisor Lisa Bartlett

Every Mayor in Every City located within Capistrano Unified School District also:

• opposes this bond and

• urges you to VOTE NO ON MEASURE M!

Here’s why:

A bond works like a government credit card -- paying off that credit card requires the government to raise your taxes.

The increased taxes we’d be forced to pay would be IN ADDITION TO THE OTHER TAXES RESIDENTS ALREADY PAY, including:

• Property Taxes

• Mello Roos Taxes

• Existing School Bond Taxes

• State School Bond Taxes

• Income Taxes

• Sales Taxes

Aren’t we taxed enough already?

MEASURE M IS THE LARGEST BOND EVER PROPOSED by a school district in Orange County history! What would this property tax increase likely mean for you?

• Property Owners: will be forced to pay increased property taxes.

• Renters: will suffer rent increases as landlords pass on the costs of higher taxes.

• Customers: will see higher prices as businesses pass on the cost of higher taxes.

South Orange County residents can’t afford an $889,000,000.00 tax hike! Just four years ago, California voters approved Proposition 30. The teachers’ unions promised “billions in new funding for our schools” from Proposition 30. Proposition 30 raised income taxes and sales taxes.

Measure M would now raise your property taxes. What tax will they raise next?

NO MORE TAXES -- tell education bureaucrats they need to live within their means (instead of relying upon over-burdened taxpayers to pay ever increasing taxes)!

VOTE NO ON MEASURE M!

www.TheRealCUSD.com

s/ Tony Beall
Mayor, City of Rancho Santa Margarita

s/ Frank Ury
Mayor, City of Mission Viejo

s/ Laurie Davies
Mayor, City of Laguna Niguel

s/ Pam Patterson
Mayor, City of San Juan Capistrano

s/ Mike Munzing
Mayor, City of Aliso Viejo

— Orange County Registrar of Voters

Refutación al argumento A FAVOR

Taxpayers have not finished paying back CUSD’s existing bond – millions remain unpaid! Now they want $889,000,000 more!

VOTE NO ON MEASURE M!

SECURED PROPERTY TAXES WOULD INCREASE:

• On your home or business real estate.

• If you failed to pay these taxes, they could foreclose on your property!

UNSECURED PROPERTY TAXES WOULD INCREASE:

• On business and personal property, such as:

° Mobilehomes

° Boats

• On your business personal property, including:

° Machinery

° Equipment

° Ovens

° Computers

° Copiers/Printers

° Telephones

° Furniture

° Desks/Chairs

° Supplies

MILLIONS WOULD BE SPENT ON SALARIES AND CONSULTANTS.

• Bond supporters stated, “the measure can only be spent on repairs, facility upgrades, technology infrastructure, and replacing aging portables.”

° THIS IS FALSE!

° Millions would be spent to pay:

ƒ Consultants selling the bonds!

ƒ Salaries of CUSD’s classified employees and consultants!

THIS BOND WILL NOT REDUCE CLASS SIZES.

• Students are routinely forced into overcrowded classes, making learning more difficult.

• However, no bond money will be spent to hire more teachers to reduce class sizes!

TAXPAYER PROTECTIONS ARE LACKING.

• CUSD isn’t required to complete any improvement project at any school!

• CUSD disbanded the Citizen Oversight Committee with their existing bond!

• CUSD is seeking this bond to fund certain projects (asbestos removal/roof repairs) they previously promised to pay for with their existing bond!

The Orange County Taxpayers Association remains “concerned about the size and scope of Measure M.”

VOTE NO ON MEASURE M!

www.TheRealCUSD.com

s/ Jim Reardon
Vice President, Capistrano Unified School District Board of Trustees

s/ Wayne A. Brown
Director, Government Relations, South Orange County Economic Coalition

s/ Tony Beall
Mayor, City of Rancho Santa Margarita

s/ Frank L. Ury
Mayor, City of Mission Viejo

s/ Laurie Davies
Mayor, City of Laguna Niguel

— Orange County Registrar of Voters

Refutación al argumento EN CONTRA

Please don’t be misled by opponents’ deceptive claims. These career politicians are playing political games by intentionally withholding important facts.

Their real agenda has nothing to do with protecting taxpayers. Here are the facts the career politicians withheld from you.

• Measure M fully complies with the Orange County Taxpayers Association’s transparency criteria.

• No money from Measure M can be used for administrator or teacher salaries or benefits.

• Measure M money can only be spent on added restrooms and new classroom buildings, repairs, facility upgrades, technology infrastructure, additional parking capacity, and replacing aging portables.

• If Measure M is not approved, local taxpayers could lose $229 million in state matching funds. Surrounding districts will benefit while our schools’ infrastructure deteriorates.

• Properties in districts utilizing facility bonds generally appreciate faster than neighboring districts.

Opponents criticize the size of the bond, but fail to tell you that Capistrano Unified School District is among the largest districts in California. The average homeowner will pay only about $13.75 per month for this bond, lower than similar districts.

Each of the district’s 53 schools will benefit from Measure M with new restrooms and classroom buildings; upgraded science, technology, and engineering labs; new and upgraded arts and music spaces; and improved safety.

Capistrano Unified School District can be one of the top districts in the country, but it won’t happen with its current aging and overcrowded facilities. Vote for our community’s students. Vote to maintain and enhance your property values. Please join parents, taxpayers and community leaders in voting YES on Measure M.

www.YesonMCapistrano.com

s/ Steve Litchfield
Executive Vice President, Microsemi Corp.
Member, Board of Directors, Discovery Science Center

s/ Ellen Gravitt
President, Capistrano Unified Council of PTAs

s/ Mike Darnold
Past District Gov. Rotary International

s/ Mitch Kahn
Orange County Fire Captain

s/ Dr. Thomas A. Parham
Psychologist/Educator/University Vice-Chancellor

— Orange County Registrar of Voters
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