presents
Voter’s Edge California
Conozca la información antes de votar.
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

Fountain Valley School District
Measure O Bond Measure - 55% Approval Required

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Resultados electorales

Se aprueba

15,931 votos si (64.2%)

8,871 votos no (35.8%)

100% de distritos activos (29/29).

In order to repair and modernize aging classrooms and school facilities, including repairing deteriorating roofs, plumbing, electrical and air conditioning systems; upgrade classrooms, science labs, libraries, facilities and technology that support student achievement in reading, math, arts, science and technology; and improve student safety and campus security, shall Fountain Valley School District issue $63 million in bonds at rates within legal limits, with independent citizen oversight, no money for administrators, and all money staying local?

¿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 Fountain Valley School District has proposed to the voters within the school district that general obligation bonds be issued in an amount up to $63,000,000 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 the Fountain Valley School District, including repairing or replacing library, laboratory and classroom infrastructure including roofs, HVAC systems, and plumbing; improving technology and security infrastructure; and updating playground equipment, outdoor hardscape and play fields. 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 Fountain Valley School District. In addition, annual performance and financial audits will be conducted. The measure also requires the Superintendent of the Fountain Valley 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 the Fountain Valley School District 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 Fountain Valley School District has called the election for the purpose of submitting the measure to the voters within the school district. If 55% of the voters within the Fountain Valley 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

Fountain Valley School Attorney

An election will be held within the boundaries of Fountain Valley School District (“District”) on November 8, 2016 to authorize the sale of up to $63,000,000 in bonds to finance facilities as described in the proposition. If the bonds are approved, the 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 $.02995 cents per $100 ($29.95 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 $.02999 cents per $100 ($29.99 per $100,000) of assessed valuation in fiscal year 2020-21.

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 $.03000 cents per $100 ($30.00 per $100,000) of assessed valuation in fiscal year 2041-42.

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 approximately $108,910,103. 

Voters should note that the estimated tax rate is based on the ASSESSED VALUE of taxable property in the school district on the official tax rolls of the County of Orange, not on the property’s market value, which could be more or less than the assessed value. 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, and certain taxpayers may be eligible for a postponement of their property taxes. 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, 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, 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 School District as determined by the County Assessor of Orange County in the annual assessment and the equalization process.

Dated Aug 11, 2016

s/ Mark Johnson, Ed.D
Superintendent

Published Arguments — Arguments for and against the ballot measure

Argumento A FAVOR

Vote YES on O to repair and update local elementary and middle schools in Fountain Valley and Huntington Beach to protect great education.

Our neighborhood schools, which are among the best in the state and nation, protect the value of our homes and improve our quality of life.

Even if you don’t have school-age children, voting YES on O is a wise investment.

All of our elementary and middle schools were built over 40 years ago, and while well-maintained, have never received repairs and upgrades needed after decades of use by thousands of students. Measure O is the result of a two-year planning process involving hundreds of community members to identify and prioritize the most urgent school facility repairs.

Voting YES on O provides locally controlled funding to complete the highest priority improvements and help our schools qualify for state matching funds that will otherwise go to other school districts.

The Orange County Taxpayers Association carefully reviewed Measure O and certified that it meets its strict criteria for a fiscally responsible school improvement measure.

Measure O will:

• Repair or replace deteriorating roofs, plumbing and electrical systems

• Install air conditioning in classrooms to improve air quality and prevent classroom temperatures from reaching 100 degrees

• Improve student safety and campus security systems, including fencing, security cameras, emergency communications systems, smoke detectors, fire alarms and sprinklers.

• Update classrooms and labs to support high-quality instruction in math, science and technology 

Strict Taxpayer Protections

• Measure O includes a detailed and prioritized project list showing exactly how funds will be spent

• A Citizens’ Oversight Committee and independent annual audits ensure funds are spent properly

• All funds must stay local, cannot be taken away by the State or used for other purposes

Vote YES on O to protect our excellent schools and strong property values.

s/ Joy Moyers
Parent Leader

s/ Dr. Thomas R. Antal
Chair, Yes on O Committee/Retired Educator

s/ Judith H. Edwards
16 Yr. Former Bd MemberPres., Schools Foundation

s/ Marc Ecker
Retired School Superintendent/University Professor

s/ Tam Nguyen
Parent/Business Owner/Vietnamese American Chamber of Commerce

No argument against this measure was submitted

— Orange County Registrar of Voters

Argumento EN CONTRA

No Argument Against this measure was filed.

— Orange County Registrar of Voters

Refutación al argumento A FAVOR

No Rebuttal to Pro Argument could be filed.

— Orange County Registrar of Voters

Refutación al argumento EN CONTRA

No Rebuttal to Con Argument could be filed.

— Orange County Registrar of Voters
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