A “Yes” vote on the measure means: general obligation bonds totaling $20,000,000 will be issued to fund specified school facilities projects.
Winters Joint Unified School DistrictMeasure P Bond Measure - 55% Approval Required
Winters Joint Unified School District
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To improve the quality of education; repair/replace leaky roofs; modernize outdated classrooms, restrooms and school facilities; and replace deteriorating plumbing and sewer systems; shall Winters Joint Unified School District issue $20,000,000 of bonds, raising on average $1,100,000 annually as long as bonds are outstanding at a rate of 6 cents per $100 of assessed valuation, have an independent citizens' oversight committee and have NO money used for administrative salaries and all money staying local?
What is this proposal?
Details — Official information
YES vote means
NO vote means
A “No” vote on the measure means: general obligation bonds totaling $20,000,000 will not be issued to fund specified school facilities projects.
Impartial analysis / Proposal
Solano County Counsel
Impartial Analysis of Measure P
WINTERS JOINT UNIFIED SCHOOL DISTRICT BOND PROPOSAL
A “Yes” vote on this measure means: general obligation bonds totaling $20,000,000 will be issued to fund specified school facilities projects.
A “No” vote on the measure means: general obligation bonds totaling $20,000,000 will not be issued to fund specified school facilities projects.
Measure P will authorize the sale of general obligation bonds of the Winters Joint Unified School District (“District”) in series in the aggregate amount of $20,000,000. This measure will not amend any existing laws. The District’s governing board placed the measure on the ballot.
Measure P requires approval by 55 percent of the voters of the District voting on it.
The purpose of the measure is to improve the quality of education, repair, replace leaky roofs, modernize outdated classrooms, restrooms and school facilities, and replace deteriorating plumbing and sewer systems at District schools and to perform all work necessary and incidental to specified bond projects.
The bond proceeds shall be used to modernize, replace, renovate, expand, construct, acquire, equip, furnish and otherwise improve the classrooms and school facilities of the District as identified in the 18 specific school facilities projects, as well as the additional projects, listed in the Project List (reprinted completely in the sample ballot pamphlet).
Inclusion of a project on the Project List is not a guarantee that the project will be completed. The listed projects will be completed as needed at a school or facility site according to the District’s governing board’s priorities, and the order in which the projects appear on the Bond Project List is not an indication of priority for funding or completion. The District cannot guarantee that the bonds will provide sufficient funds to allow completion of all listed projects.
Some specified projects throughout the District, such as gyms, fields and performing arts, may be undertaken as joint use projects in cooperation with other local public agencies or non-profit organizations. Certain projects may require State matching funds for their completion.
The District must conduct annual, independent financial and performance audits and appoint a citizens’ oversight committee to ensure that the bond proceeds are spent only for the specific projects listed in the Project List.
The bond proceeds cannot be used to pay for teacher and administrator salaries and other school operating expenses. Proceeds of the bonds may be used to pay or reimburse the District for the cost of District staff when performing work on or necessary and incidental to bond projects.
The bonds must mature no later than 25 years from the date of the bonds and the maximum interest rate on the bonds shall not exceed 12 percent.
The procedures required for the approval and issuance of the general obligation bonds, including the process of submitting Measure P to the vote of the District’s electors, are as specified in the California Government, Education and Election Codes.
Dennis Bunting
Solano County Counsel
EC § 9500
Tax rate
Superintendent, Winters Joint Unified School District
TAX RATE STATEMENT
REGARDING PROPOSED $20.0 MILLION WINTERS JOINT UNIFIED SCHOOL DISTRICT GENERAL OBLIGATION BONDS
An election will be held in the Winters Joint Unified School District (the “District”) on November 6, 2018, to authorize the sale of up to $20.0 million in bonds of the District to finance school facilities as described in the measure. If such bonds are authorized and sold, principal and interest on the bonds will be payable only from the proceeds of ad valorem 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. 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, the following information is provided:
- The best estimate of the average annual tax rate which would be required to be levied to fund this bond issue over the entire duration of the bond debt service, based on a projection of assessed valuations available at the time of filing of this statement, is $0.05542 per $100 of assessed valuation (or $55.42 per $100,000 of assessed value). The final fiscal year in which it is anticipated that the tax will be collected is 2052-53.
- The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on a projection of assessed valuations available at the time of filing of this statement, is $0.06 per $100 of assessed valuation (or $60 per $100,000 of assessed value). It is estimated that such rate would be levied starting in fiscal year 2019-20 and following.
- The best estimate of the total debt service, including the principal and interest, that would be required to be repaid if all the bonds are issued and sold is approximately $39.8 million.
Voters should note the estimated tax rate is based on the assessed value (not market value) of taxable property on the County’s official tax rolls. In addition, 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. Property owners should consult their own property tax bills and tax advisors to determine their property’s assessed value and any applicable tax exemptions.
The attention of all voters is directed to the fact that the foregoing information is based upon projections and estimates only, which amounts are not maximum amounts and are not binding upon the District. The actual debt service, tax rates and the years in which they will apply may vary from those used to provide the estimates set forth above, due to factors such as variations in the timing of bond sales, the par amount of bonds sold and market interest rates available at the time of each sale, actual assessed valuations over the term of the bonds, and other factors. The date and amount of bonds sold at any given time will be determined by the District based on the need for project funds and other considerations. The actual interest rates at which the bonds will be sold will depend on conditions in the bond market at the time of sale. Actual future assessed valuations will depend upon the amount and value of taxable property within the District as determined by the County Assessor in the annual assessment and the equalization process.
By: ____
Superintendent
Winters Joint Unified School District
Published Arguments — Arguments for and against
Arguments FOR
Argument in Favor of Measure P
Every student deserves to learn in quality school facilities. Your YES VOTE on Measure P will prepare generations of our local children for future success. While our teachers and staff do their best in educating our children, many classrooms and school facilities at the Winters Joint Unified School District are outdated and inadequate to provide students with the facilities they need to succeed.
Although we recently passed Measures R and D, our work is not done. All of our existing facilities need to be brought up to current safety and efficiency standards. Measure P authorizes funds for needed facility repairs and upgrades to improve student safety, instruction, and learning. NO other funding currently exists to upgrade these facilities. By investing in our schools, we can meet today’s safety, technological, and educational standards and better our community.
If passed, Measure P will provide funding to make facility improvements at local Winters schools including:
- Repairing or replacing leaky roofs
- Improving student access to computers and modern technology
- Repairing or replacing deteriorating plumbing and sewer systems
- Modernizing/renovating outdated classrooms, restrooms and school facilities
- Constructing new classrooms and school facilities
Measure P makes financial sense and protects taxpayers.
- All funds must be spent locally and cannot be taken by the State.
- By law, spending must be reviewed and annually audited by an independent citizens' oversight committee.
- Funds can only be spent to improve our local schools, not for teacher or administrator salaries.
Whether or not you have school-age children, protecting our local, high quality education is a wise investment for your property values and a strong community. VOTE YES on Measure P.
/s/ John R. Graf
Former School District and County Supt.
/s/ Michael A. Martin
Solano Community College Board
/s/ Chris Calvert
President, Winters Chamber of Council, Past Mayor, City of Winters
/s/ R. Craig McNamara
Farmer
/s/ Sandra T. Vickery
Small Business Owner, Former Educator
— Yolo County Registrar of Voters; Solano County Registrar of Voters
Arguments AGAINST
[No official argument against Measure P was filed with the Yolo County Registrar of Voters or the Solano County Registrar of Voters.]
— Yolo County Registrar of Voters; Solano County Registrar of Voters
Replies to Arguments FOR
[No official rebuttal to the argument in favor of Measure P was filed with the Yolo County Registrar of Voters or the Solano County Registrar of Voters.]
— Yolo County Registrar of Voters; Solano County Registrar of Voters
Read the proposed legislation
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