League of Women Voters of California Education Fund
	Los Angeles County, CA November 8, 2011 Election
	Measure NSD-E Funding for School Improvement Newhall School District School Bonds - 55% Approval Required Pass: 3,706 / 66.70% Yes votes ...... 1,850 / 33.30% No votes See Also: Index of all Measures

Arguments For Measure NSD-E

Measure E is on the ballot to maintain the quality of our outstanding neighborhood elementary (K-6) schools, WITHOUT raising tax rates. In 1999, when voters approved the first school bond to modernize elementary schools serving Newhall, Valencia and Stevenson Ranch, all school improvement projects were completed on time and within budget. Today (12 years later) our local elementary schools are among the best in the state -- but they continue to age and need attention. Measure E will authorize the next level of Newhall School District facility improvements to neighborhood schools, attract and retain the best teachers, and help our elementary children continue to achieve academic success. Measure E will: Upgrade classroom technology and infrastructure to keep pace with advancing technology Rehabilitate deteriorated roofs, lighting and electrical systems Add science labs and equipment to enhance science education instruction Eliminate debt and improve energy efficiency, and reinvest the savings into instruction Replace aging portable classrooms with permanent buildings Renovate aging auditorium and school multi-purpose rooms for large group instruction Measure E WON'T raise existing property tax rates. It simply extends current rates previously approved by voters. Measure E is tax deductible. ALL Measure E funds will stay local, benefiting Newhall, Valencia, Stevenson Ranch and Westridge elementary-age children and schools. These funds cannot be taken away by the State. Taxpayer protections are REQUIRED. NO funds can be spent on administrators. ONLY school facilities, equipment and technology upgrades are allowed. Independent Citizens' Oversight and MANDATORY audits will ensure that funds are spent properly. Measure E is a smart investment. Good schools help protect local property values. Teachers, parents, business and civic leaders, and citizens throughout our community urge your support to help maintain high quality elementary schools and property values WITHOUT raising tax rates. Please VOTE YES on Measure E. ROBERT J. SPIERER Retired Los Angeles County Sheriff Chief CAROLE MAGNUSON 21-Year Teacher, Newhall School District JIM VENTRESS Youth Advocate ASHLEY MATKIN Parent, Oak Hills Elementary School ANTHONY (TONY) NEWHALL Business Owner and Grandparent (No arguments against Measure NSD-E were submitted)

Tax Rate Statement

As shown on the enclosed official ballot, an election is being held within School Facilities Improvement District No. 2011-1 of the Newhall School District ("Improvement District") on November 8, 2011, for the purpose of submitting to the registered voters within the Improvement District the question of whether bonds shall be issued by the Newhall School District ("School District"), on behalf of the Improvement District, in an amount not to exceed $60,000,000 ("2011 Bond Authorization") for the purpose of providing funds for the acquisition, construction and completion of specified school facilities and school projects as set forth in the resolution of the School District, on behalf of the Improvement District, calling such bond election. This measure will authorize a tax sufficient for interest on, and principal of, the bonds. The bonds shall bear interest at a rate, or rates, to be established at such time as the bonds are sold, in one or more series, at fixed interest rates not to exceed the maximum applicable statutory rate for such bonds. If such bonds are authorized and sold, the principal thereof and the interest thereon are a general obligation of the School District, on behalf of the Improvement District, payable from the proceeds of ad valorem taxes on real property located within the boundaries of the Improvement District. It is the intention of the School District that the tax rates associated with the 2011 Bond Authorization, when combined with the School District's existing general obligation bond financings, shall not increase the tax rate above the highest estimated tax rate on the already outstanding bonds $.04627 per $100 ($46.27 per $100,000) of assessed valuation. The following information is submitted in compliance with California Elections Code Sections 9401 through 9404 based on estimates of assessed valuations available at the time of filing of this statement: (a) 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 sale of the first series of bonds based on estimated assessed valuations available at the time of filing of this statement or a projection based on experience within the same jurisdiction or other demonstrable factors is $0 per $100 ($0 per $100,000) of assessed valuation in the 2012-13 fiscal year. (b) It is anticipated that the bonds will be sold more than one series. The best estimate from official sources of the tax rate which would be required to be levied to fund such bond issues during the first fiscal year of tax collection after the sale of the last series of bonds based on estimated assessed valuations available at the time of filing of this statement or a projection based on experience within the same jurisdiction or other demonstrable factors is $.02916 per $100 ($29.16 per $100,000) of assessed valuation in the 2019-20 fiscal year. (c) The best estimate from official sources of the highest tax rate which would be required to be levied to fund the bond issues during the term of the bond issues, based on estimated assessed valuations available at the time of filing of this statement or a projection based on experience within the same jurisdiction or other demonstrable factors is $.03 per $100 ($30 per $100,000) of assessed valuation. It is estimated that the highest tax rate would first apply in the 2021- 2022 tax year based on assessed valuations available at the time of this filing or a projection based on experience within the same jurisdiction or other demonstrable factors. Voters should note that these estimated tax rates are based on the assessed value of taxable property within the Improvement District as shown on the official rolls of Los Angeles County, not on the property's market value. In addition, taxpayers eligible for a property tax exemption, such as the homeowner's exemption, will be taxed at a lower effective rate than described above. Actual future assessed valuation will depend upon the amount and value of taxable property within the Improvement District as determined by the Los Angeles County Assessor in the annual assessment and the equalization process. Property owners should consult their own property tax bills and/or tax advisors to determine their property's assessed value and any applicable tax exemptions. Attention of all voters is directed to the fact that these estimates are based on assumptions and projections derived from information obtained from official sources. The actual tax rates and the years in which they will apply may vary depending on the timing of any bond sales, the amount of bonds sold, market interest rates at the time of each sale of bonds and actual assessed valuations over the term of repayment of the bonds. The timing of the bond sales and the amount of bonds sold at any given time will be governed by the needs of the School District, including the legal limitations on bonds approved by a 55% vote. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each such sale. Pursuant to the provisions of State law, voters within the School District previously approved a general obligation bond measure to fund identified public school facilities. It is the stated intention of the School District, on behalf of the Improvement District, that the projected maximum ad valorem tax rates levied on property within the Improvement District (the boundaries of which are similar to those of the School District) to pay for the existing bonds on taxable property within the School District (when assessed valuation within the Improvement District is project by the School District to increase by the amount allowed by law in accordance with Article XIIIA of the California Constitution), shall not be increased as a result of the authorization and issuance of bonds as described in this Bond Measure. Dated: August 2, 2011 DR. MARC WINGER Superintendent Newhall School District