League of Women Voters of California Education Fund
	Marin County, CA June 3, 2014 Election
	Measure D Elementary and Middle School Upgrade Larkspur-Corte Madera School District 2/3 Approval Required See Also: Index of all Measures

Arguments For Measure D

Vote YES on D to protect high quality education in Lark spur-Corte Madera elementary schools! Measure D will relieve school overcrowding and make critical safety upgrades to ensure safe and modern classrooms for every student. All Measure D funds stay in our local schools under local control + nothing can be taken by Sacramento and no funds can be used for administrator salaries. Measure D also makes our schools eligible for state matching funds that would otherwise go to other communities. We have excellent local schools and our students achieve at an extremely high level; however, enrollment has increased 47% since 2003 and will continue to grow. Neil Cummins and Hall Middle School already house more students than they were designed for, and rely on portables to accommodate students. YES on D ensures safe and modern schools by: Reducing school overcrowding Replacing aging portables with permanent classrooms Upgrading fire and earthquake safety Removing lead, asbestos and other hazardous materials Replacing outdated, inefficient heating, ventilation, electrical and plumbing for efficiency and savings To relieve overcrowding and protect quality education, the District implemented a two-phase facility improvement plan. This approach allowed the District to avoid high interest bonds that would increase costs for taxpayers. Measure A in 2011 funded the first phase, including construction of The Cove elementary school, which will open this fall. Reports by the Citizens' Oversight Committee confirm that all Measure A projects are on schedule and on budget. Now, Measure D is necessary to complete phase two and ensure all students have the quality learning environments they deserve. Fiscal Accountability Is Required: All funds stay under local control for our schools No funds can be used for administrator salaries Independent citizens' oversight and annual audits will ensure transparency Join community leaders, parents and seniors + vote YES on Measure D to prepare local students for success! s/JANA HAEHL Former Mayor, Corte Madera, 51-Year Corte Madera Resident s/ROBERT B. SINNOTT Chief, Larkspur Fire Department, 46-Year Larkspur Resident, LCMSD Alum s/DAVID B. DOYLE Local Realtor, Corte Madera Resident s/BILL LEVINSON Chair, 2011 Measure A Citizens' Oversight Committee, Former Superintendent, Tamalpais Union High School District s/WENDY MEUNIER Teacher/Corte Madera Resident, 2011 Marin County Golden Bell Award Recipient (No arguments against Measure D were submitted)

Tax Rate Statement from s/VALERIE PITTS, Superintendent Larkspur-Corte Madera School District

An election will be held in the Larkspur-Corte Madera School District (the "District") on June 3, 2014, to authorize the sale of up to $19,000,000 in bonds of the District for the specific school facilities projects listed in the Bond Project List established by the District, as described in the proposition. If the bonds are authorized, the District expects to sell the bonds in one or more series, subject to receipt by the District of an increase by the State Department of Education in the statutory assessed value limit. Principal and interest on the bonds will be payable from the proceeds of tax levies made upon the taxable property in the District. The following information is provided in compliance with Sections 9400-9404 of the Elections Code of the State of California. 1. The best estimate of the tax 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 $26.80 per $100,000 of assessed valuation in fiscal year 2015-16. 2. The best estimate of the tax 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 $26.80 per $100,000 of assessed valuation in fiscal year 2015-16. 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 $26.80 per $100,000 of assessed valuation in fiscal year 2015-16. 4. The best estimate of the average tax rate which would be required to be levied to fund this bond issue during the life of the bonds, based on estimated assessed valuations available at the time of filing of this statement, is $21.97 per $100,000 of assessed valuation. Voters should note that estimated tax rate is based on the ASSESSED VALUE of taxable property on Marin County's 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. 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 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 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 District as determined by the Marin County Assessor in the annual assessment and the equalization process.