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League of Women Voters of California Education Fund
Galt Joint Union High School District
School Bond Measure - Two-Thirds Majority
Fail: 873 / 58.3% Yes votes ...... 625 / 41.7% No votes
Index of all Measures
|Results as of Nov 30 8:44am, 100.0% of Precincts Reporting (6/6)|
|Information shown below: Impartial Analysis | Arguments | Tax Rate Statement | Full Text|
To build a new high school to address severe overcrowding at Galt High School, shall the Galt Joint Union High School District be authorized to construct school classrooms and facilities and issue $29,200,000 in bonds at interest rates within the legal limit with an Independent Citizens Oversight Committee appointed to monitor the way all bond funds are spent?
No funds derived from bond sales could be used for general school operating expenses, including administrator and teacher salaries, or for any purpose or project other than those expressly stated in the measure.
To assure that funds are spent only on school and classroom improvements and for no other purposes, this measure would require the District to: 1) deposit all bond sale funds into a specially created building fund account; 2) appoint an independent citizens' oversight committee; 3) conduct annual independent performance and financial audits; and 4) prepare an annual report stating the amount of bond proceeds received and expended in that year and the status of any project funded or to be funded from bond proceeds. The authority, responsibilities and membership composition of the citizens' oversight committee would be as prescribed by applicable state law.
The actual dates of sale and the amount of bonds sold would be governed by the District. The number of years that the whole or any part of such school district bonds are to run could not exceed the statutory maximum, calculated from the date of the bonds or any series thereof. If Measure B is approved, the tax rate necessary for payment of principal and interest on any bonds sold will be largely dictated by the timing of the bonds sales, the amount sold at a given sale, market interest rates at the time of each sale (although in no event greater than the maximum bond net interest rate allowed by law), as well as actual assessed valuation of taxable property in the District over the term of repayment. A statement of the tax rate data required by Elections Code Section 9401 will be mailed to all registered voters with the sample ballot for the bond election.
Approval of Measure B does not guarantee that the proposed project in the District that is available for funding from the proceeds of the bond measure will be funded beyond the local revenues generated by the bond sales authorized by Measure B. If state matching funds become available, they will be used for and applied to the project authorized by Measure B.
Passage of Measure B requires approval by two-thirds of the votes cast by the voters voting thereon.
|Arguments For Measure B|
Every Yes vote on Measure B is a vote to build a new high school in the Galt High School District.
The facts are clear:
2. Overcrowding will only get worse. Enrollment has increased by 20% over the last five years and will continue to increase over the next five years.
3. Overcrowding reduces student access to science labs, computer labs and the library.
4. Overcrowding produces traffic congestion and safety issues for students and the community.
5. Overcrowding causes school facilities to wear out more quickly, creating maintenance challenges that take funds away from classroom programs.
An Independent Citizens Oversight Committee appointed by the superintendent will ensure all funds are spent appropriately for the benefit of students and taxpayers.
Good schools are the cornerstone to the vitality and future of a community. A new high school is an investment that will help protect and increase property values. Your support will ensure that adequate schools and classrooms are built and available for the children in our community.
It is time to build a second high school in Galt. We believe everyone understands the need. When we were students, we were provided with quality schools. We need to do the same for this and future generations of students. Students in Arcohe, Galt, New Hope, and Oakview Elementary School districts attend high school in Galt.
Please help provide the high school classrooms our communities deserve. Vote Yes on Measure B.
/s/ Barbara Payne,
Galt City Council Member/s/ Gerald J. Ryle,
Pastor of St. Christopher's Catholic Church/s/ Vic Cadena,
Galt Community Member/s/ Don Nottoli,
Member, Board of Supervisors, Sacramento County/s/ Jim Aschwanden,
Galt Community Center
(No arguments against Measure B were submitted)
|Tax Rate Statement from Superintendent, Galt Joint Union High School District|
|TAX RATE STATEMENT FOR MEASURE B
An election will be held in the Galt Joint Union High School District (the "District") on November 8, 2005, to submit to electors of the District the question of whether to authorize the sale of up to $29,200,000 general obligation bonds of the District to finance the acquisition, construction, improvement and equipping of real property for school purposes. It is expected that bonds would be issued in series over time. If such bonds are authorized and sold, the principal thereof and interest thereon will be payable from the proceeds of tax levies made upon the taxable property in the District. The following information regarding tax rates is given to comply with Sections 9400-9404 of the California Elections Code. 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, and assuming the entire debt service will be amortized through property taxation:
2. The best estimate of the tax rate which would be required
to be levied to fund the bond issue during the first fiscal year after the sale of the last series of bonds and an estimate of the year in which that rate will apply is 4.60 cents per 100 dollars ($46.00 per $100,000) of assessed valuation for the fiscal year 2007/08.
3. The best estimate of the highest tax rate which would be required to be levied to fund the bond issue and an estimate of the year in which that rate will apply is 4.60 cents per 100 dollars ($46.00 per $100,000) assessed valuation for the fiscal year 2007/08.
The attention of all voters is directed to the fact that the foregoing information is based upon projections and estimates only, which are not binding upon the District. Such projections and estimates may vary due to variations in timing of bond sales, the amount of bonds sold at each bond sale, market interest rates at the time of each bond sale and actual assessed valuation over the term of repayment of the bonds. The actual date of the sales of said bonds and the amount sold on any given date will be governed by the needs of the District and other factors. The actual interest rates at which the bonds will be sold, which in any event will not exceed the maximum permitted by law, will depend upon the bond market at the time of each sale. Actual assessed valuation in future years will depend upon the value of property within the District as determined in the assessment and the equalization process. Hence, the actual tax rates and the years in which such rates are applicable may vary from those presently estimated above.
Dated: July 21, 2005
/s/ Thomas A. Gemma
|Full Text of Measure B|
This proposition may be known and referred to as the Galt Joint Union High School District High School Bond of 2005 or Measure B.
WHEREAS, Galt High was originally built to serve 900 students and today the school struggles with more than 2,000 students packed into its classrooms, libraries, and science labs; and
WHEREAS, overcrowding at Galt High reduces student access to computer and science labs; and
WHEREAS, overcrowding at Galt High produces safety problems as students move through crowded hallways when they need to change classrooms; and
WHEREAS, enrollment in the district has grown by 20% during the last five years and will continue to grow at a rapid pace over the next five years; and
WHEREAS, all bond funds will be used to build a new high school; and
WHEREAS, an independent citizens' oversight committee will monitor the use of all bond funds.
By approval of this proposition by at least 2/3 of the registered voters voting on the proposition, the district shall be authorized to issue and sell bonds of up to $29,200,000 in principal at interest rates below the legal limit, to provide financing for the specific school facilities project listed in the Bond Project List attached hereto as Exhibit A-1.
BOND PROJECT LIST
The Bond Project List attached to this resolution as Exhibit A-1 shall be considered a part of the ballot proposition and shall be reproduced in any official document required to contain the full statement of the bond proposition.
Approval of this Bond Measure B (the `Measure') does not guarantee that the proposed project in the District which is the subject of bonds under the Measure will be funded beyond the local revenues generated by the Measure. If state matching funds become available, they will be used for and applied to the Bond Project List as per Exhibit A-1. The District's proposal for the project assumes the receipt of matching state funds, which could be subject to appropriations by the Legislature or approval of a statewide bond measure.
The provisions in this section are specifically included in this proposition in order that the voters and taxpayers in the District may be assured that their money will be spent wisely to address specific facilities needs of the District.
Evaluation of Needs. The Board, after a lengthy process involving staff members, parents, students, and community members throughout the District, has prepared an updated facilities plan in order to evaluate and address all of the facilities needs of the District and determine which projects to finance from a local bond at this time.
Independent Citizens' Oversight Committee. The Board shall authorize the Superintendent to establish an Independent Citizens' Oversight Committee to ensure bond proceeds are expended only on the school facilities projects listed in Exhibit A-1. The Committee shall be established and governed by and shall have the power and authority set forth in the statutes implementing Proposition 39 contained in Education Code Sections 15278 through 15288.
In recognition of the need to ensure the highest level of community confidence relative to the expenditure of public funds obtained through this bond measure, the Governing Board of the Galt Joint Union High School District publicly proclaims and commits to following and adopting the recommendations of the independent citizen's oversight committee regarding the design and construction of a second high school, provided that those recommendations are based on public input while following California Education Code Sections 15278-15282, and do not violate any other statutory regulations contained in the California State Education Code.
Special Bond Proceeds Account: Annual Report to Board.Upon approval of this proposition and the sale of any bonds approved, the Board shall take actions necessary to establish an account in which proceeds of the sale of the bonds will be deposited. As long as any proceeds of the bonds remain unexpended, the Superintendent of the District shall cause a report to be filed with the Board annually, stating (1) the amount of bond proceeds received and expended in that year, and (2) the status of any project funded or to be funded from bond proceeds. The report may relate to the calendar year, fiscal year, or other appropriate annual period as the Superintendent shall determine and may be incorporated in the annual budget, audit, or another appropriate routine report to the Board.
No Administrator Salaries. Proceeds from the sale of bonds authorized by this proposition shall be used only for the construction of school facilities or acquisition or lease of real property for school facilities and not for any other purpose, including teacher and administrator salaries and other school operating expenses.
The proceeds of the bonds will be deposited into a Building Fund to be held by the Sacramento County Treasurer, as required by the California Education Code.
BOND PROJECT LIST
The District intends to complete the following projects, using a combination of funding sources. It is anticipated that bond proceeds will contribute $29.2 million to said total cost. Other anticipated sources include state matching funds and other available funds.
Scope of Projects. Bond proceeds will be expended to acquire and construct the following facility of the District. The specific school facilities project which are described below include all related and incidental costs, including cost of design, engineering, architect and other professional services, site preparation, utilities, landscaping, incidental costs, and construction management (including construction management by District personnel).