Vote Yes on Contra Costa County Measure V - 2016 general Election
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  Commentary    Question    Analysis    Argument in Favor    Argument Against    Tax Rate  

Commentary on Measure V

Are you sure you want vote to support this extravagant measure? It has no accountability.

This campaign was designed by a member of the school bonds cartel. We figured out just the right words to get you to you to open up your checkbook.

We'd also like to introduce you to our partners -- bond lawyers, brokers, wealthy investors, architects, management firms, construction companies, and trade unions. We all stand to make a ton of money on these bonds. Our profits come right off the top, before a penny is actually spent on improving the facilities.

We're not just doing it for the money. We like to show off our work in Architectural Digest and other places where the rich and famous congregate.

Remember, we've taken a lot of risk. We gave money to get your governing board members elected, so they'd be sure to remember us when we came around for a hand-out later.

It's just business-as-usual, here in sunny Corruptifornia.

Please don't read the fine print. That's just put in by the lawyers to make what we're going to do to for you legal.

When you see highlighting in the documents below, it to see the commentary.

  Commentary    Question    Analysis    Argument in Favor    Argument Against    Tax Rate  

Measure V Question

Measure V
Moraga Elementary School District
Measure Wording

To improve the quality of education at Moraga schools with funding that cannot be taken away by the State; ; improve student access to modern technology; modernize, renovate and/or construct classrooms, restrooms and school facilities; upgrade inadequate electrical systems; and make health, seismic, safety and security improvements; shall Moraga Elementary School District issue $33,000,000 of bonds at legal interest rates, with citizens' oversight, annual audits and NO money used for administrative salaries?

  Commentary    Question    Analysis    Argument in Favor    Argument Against    Tax Rate  

Impartial Analysis for Measure V

COUNTY COUNSEL'S IMPARTIAL ANALYSIS OF MEASURE V

The California Constitution provides that school districts may issue bonds for the construction, reconstruction, rehabilitation or replacement of school facilities, including the furnishing and equipping of school facilities or the acquisition or lease of real property for school facilities, with the approval of 55% of the voters voting at an election for that purpose.

By resolution, the Moraga School District has proposed that bonds of the District be issued in an amount up to $33,000,000. This measure provides that proceeds from the sale of the bonds will generally be used to "repair or replace leaky roofs; improve student access to modern technology; modernize, renovate and/or construct classrooms, restrooms and school facilities; upgrade inadequate electrical systems; and make health, seismic, safety and security improvements." The types of projects to be financed with the bond proceeds are set forth in the School Facility Project List attached to the resolution of the District's Governing Board. The measure provides that a citizens' oversight committee will be established to ensure that bond proceeds are properly expended and that annual performance and financial audits will be conducted. The measure further provides that bond proceeds will only be used for the purposes specified in the measure, and not for any other purpose.

Approval of this measure authorizes the levy of ad valorem taxes upon taxable property to repay the bonded indebtedness, both principal and interest, in each year that bonds are outstanding. The Moraga School District has prepared a Tax Rate Statement, which represents the school district's best estimates of the property tax rates required to service the bonds. The estimated highest tax rate required to be levied to fund the bonds is expected to be $30 per $100,000 of assessed valuation.

Approval of the measure does not guarantee that the proposed project or projects in the District that are the subject of bonds under the measure will be funded beyond the local revenues generated by the measure. The proposed 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.

A "yes" vote authorizes the issuance of the bonds and the levy of taxes as estimated in the Tax Rate Statement to repay the bonded indebtedness. A "yes" vote by 55% of the voters within the District voting on the measure is required for passage of this measure. A "no" vote on this measure disapproves the issuance of the bonds and the levy of the taxes for the bonded indebtedness

  Commentary    Question    Analysis    Argument in Favor    Argument Against    Tax Rate  

Argument in Favor of Measure V

ARGUMENT IN FAVOR OF MEASURE V

Vote Yes on Measure V to fund critical repairs to Moraga schools and prepare local students for success in high school, college, and 21st-century careers.

Moraga School District provides local elementary and middle school students with an outstanding education. Our award-winning schools improve the quality of our community and protect the value of our homes.

To continue our tradition of academic excellence, our aging schools need urgent repairs and updates. Every Moraga school is nearly 50 years old and requires renovation. Measure V repairs leaky roofs, updates deteriorating plumbing, heating, and ventilation systems, and improves seismic safety, maintaining high-quality classrooms and labs to continue excellent education in our community.

Making our schools safe and modern will allow local teachers and students to continue focusing on core academics and innovative programs in the classroom. Additionally, Measure V upgrades classroom technology to stay up-to-date with current instructional methods.

Measure V funds cannot be taken by the state. Measure V is the only way Moraga schools can qualify for state matching funds that would otherwise go to other communities.

Vote Yes on Measure V to:

  • Fix leaky roofs
  • Upgrade inadequate electrical systems
  • Update deteriorating plumbing and sewer systems
  • Improve seismic safety
  • Replace outdated heating, ventilation, and air conditioning systems
  • Improve student access to modern technology

Strict Fiscal Accountability Keeps Every Penny in Moraga

  • All funds will benefit Moraga schools and be locally controlled
  • No funding can be taken by the state or used for other purposes
  • A Citizens' Oversight Committee and independent audits are required
  • No funds can be used for administrator salaries

Whether or not you have school-age children, protecting quality schools, quality of life, and our strong home values is a wise investment.

Join teachers, parents, and community leaders in voting Yes on V for safe and modern classrooms in Moraga schools.

Edy Schwartz
Retired Executive Director, Moraga Chamber of Commerce & 48 Year Moraga Resident

Sally Whipple
Moraga School District Parent

Sue Olsen
Moraga Realtor

Bill Snider
Moraga Business Owner

Patrick Artiaga
Business Development Executive

  Commentary    Question    Analysis    Argument in Favor    Argument Against    Tax Rate  

Argument Against Measure V

ARGUMENT AGAINST MEASURE V

None Filed.

  Commentary    Question    Analysis    Argument in Favor    Argument Against    Tax Rate  

Measure V Tax Rate Statement

TAX RATE STATEMENT FOR MEASURE V

An election will be held in the Moraga Elementary School District (the "District") on November 8, 2016 to authorize the sale of up to $33,000,000 in general obligation bonds. The following information is submitted in compliance with Sections 9400-9404 of the California Elections Code.

1. The best estimate of the tax rate that would be required 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 $.03000 per $100 ($30.00 per $100,000) of assessed valuation in fiscal year 2017-18.

2. The best estimate of the tax rate that would be required 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 $.03000 per $100 ($30.00 per $100,000) of assessed valuation in fiscal year 2022-23.

3. The best estimate of the highest tax rate that would be required to fund this bond issue, based on estimated assessed valuations available at the time of filing this statement, is $.03000 per $100 ($30.00 per $100,000) of assessed valuation. This vote is projected to apply in each fiscal year that the bonds are outstanding.

4. The best estimate from official sources 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 will be approximately $68,000,000.

These estimates are based on 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 bond sales, the amount of bonds sold at each sale and actual increases in assessed valuations. The timing of the bond sales and the amount of bonds sold at any given time will be determined by the needs of the District. Actual assessed valuations will depend upon the amount and value of taxable property within the District as determined in the assessment and the equalization process.

Dated:_______

Superintendent
Moraga Elementary School District

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