League of Women Voters of California
School Improvement Bond Measure
El Monte Union High School District
General Obligation Bond Measure - 55% Approval Required
13,584 / 76.25% Yes votes ...... 4,231 / 23.75% No votes
Index of all Measures
|Results as of Nov 26 10:38am, 100.00% of Precincts Reporting ( 60/ 60)|
|Information shown below: Impartial Analysis | Arguments | Tax Rate Statement ||
To reduce overcrowding and to provide safety upgrades, shall El Monte Union High School District repair and renovate aging area high schools; install energy efficient heating/cooling systems; replace old, deteriorating portables with permanent classrooms; upgrade electrical capacity and technology infrastructure; repair leaky roofs and plumbing; improve, acquire and construct school classrooms, libraries, sites and facilities; and qualify for State matching funds, by issuing $90,000,000 of bonds at legal interest rates, with citizen oversight, and no money for staff salaries?
Approval of Measure Y would authorize the El Monte Union High School District ("District") to issue up to $90,000,000 in general obligation bonds.
Funds received from the sale of the bonds would be used for the acquisition and improvement of real property, including installing heating and cooling systems, replacing portables with permanent classrooms, upgrading electrical capacity and technology infrastructure, and repairing roofs and plumbing systems, with citizen oversight and no funds used for staff salaries.
The bonds would be issued and sold at an interest rate not to exceed the maximum legal limit, and would be repaid over a period not to exceed forty (40) years by a property tax upon real property located within the District.
This Measure requires a two-thirds (2/3) vote for passage.
NOTICE TO VOTERS
Approval of Measure Y does not guarantee that the proposed project or projects in the El Monte Union High School District that are the subject of bonds under Measure Y will be funded beyond the local revenues generated by Measure Y. 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.
|Arguments For Measure Y|
Our local high schools--Arroyo, El Monte, Mountain View, Rosemead, South
El Monte, Valle Lindo and the Adult School--have served generations of
students well. But over the years they have grown old and crowded and the
condition of our high schools is now threatening the quality of education.
Don't let the outward appearance of the schools fool you. While the school district maintains its facilities responsibly, most schools are at least 30 years old. Rosemead High School is 53 years old. El Monte High School is 64 years old.
Due to overcrowding, more than 50% of the students attend classes in portables. Classrooms and science labs are outdated. Heating and ventilation systems are old, inefficient, and costly to operate. Roofs leak. Electrical systems and outlets in classrooms cannot handle the technology needs of today's classrooms. Building exteriors, walkways and grounds are deteriorated and exposed, causing safety hazards.
Measure Y will:
By law, every dollar raised by Measure Y will go directly into critical repairs and upgrades. All Measure Y funds will stay in our community, benefiting local students.
Passage of Measure Y will qualify our schools for state matching funds. An independent Citizens' Oversight Committee will monitor all expenditures to ensure funds are spent properly.
Measure Y is tax deductible. Quality schools help maintain property values.
Measure Y is supported by parents, teachers, senior citizens, business and community leaders throughout our community.
Please vote YES on Y.
(No arguments against Measure Y were submitted)
|Tax Rate Statement from Kathy M. Furnald, Superintendent, El Monte Union High School District|
|STATEMENT IN COMPLIANCE - MEASURE Y
An election will be held in El Monte Union High School District (the "District") on November 5, 2002, for the purpose of submitting to the electors of the District the question of incurring a bonded indebtedness of the District in a principal amount of $90 million. 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 Section 9401 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 paid through property taxation:
1. The best estimate of the tax which 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 is $42.77 per $100,000 of assessed valuation for the year 2003-04.
2. The best estimate from official sources of the tax rate which would be required to be levied to fund the bond issue during the first fiscal year after the last sale of the bonds and an estimate of the year in which that rate will apply based on estimated assessed valuations available at the time of filing of this statement, is $52.65 per $100,000 of assessed valuation for the year 2013-14.
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, based on estimated assessed valuation available at the time of filing of this statement is $53.65 per $100,000 of assessed valuation for the year 2008-09.
Attention to all voters is directed to the fact that the foregoing information is based upon projections and estimates only. The actual times of sales of said bonds and the amount sold at any given time 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 sales. The actual assessed values in the 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 as above stated.