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

Commentary on Measure W

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 W Question

MEASURE W
OAKLEY UNION ELEMENTARY SCHOOL DISTRICT
Measure Wording

Oakley School Improvement and Overcrowding Prevention Measure To improve local schools with funding that cannot be taken away by the State; add classrooms and school facilities to prevent overcrowding; provide classroom instructional technology; improve science, math/engineering classrooms; repair, construct, replace/update classrooms/educational facilities; and qualify for state matching funds, shall Oakley Union Elementary School District issue $31 million in bonds, at legal rates, with independent citizens' oversight, no funds for administrator salaries

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Impartial Analysis for Measure W

COUNTY COUNSEL'S IMPARTIAL ANALYSIS OF MEASURE W

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 Oakley Union Elementary School District has proposed that bonds of the District be issued in an amount up to $31,000,000. This measure provides that proceeds from the sale of the bonds will generally be used to "add classrooms and school facilities to prevent overcrowding; provide classroom instructional technology; improve science, math/engineering classrooms; repair, construct, replace/update classrooms/education facilities; and qualify for state matching funds." The specific projects are set forth in the bond project list attached to the resolution of the Board of Trustees. 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 Oakley Union Elementary 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 bonds will generate sufficient funds to allow completion of all of the proposed project or projects on the bond project list. 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 W

ARGUMENT IN FAVOR OF MEASURE W

Vote YES on Measure W to prevent overcrowding in our local schools and ensure our Oakley Union Elementary School District students have access to a safe and modern education.

We all know that our local elementary and middle schools here in Oakley are outstanding. In fact, our schools are the primary reason families choose to live in our community, as our schools provide a solid foundation in science and math, helping to prepare students for success in high school, college and future careers.

But our schools are aging and need essential safety improvements and upgrades. Classrooms and academic technology need to be updated to meet current academic standards and support a 21st-century education. More classrooms are needed to prevent overcrowding.

Your YES vote will provide more classrooms and school facilities to prevent overcrowding and make essential improvements to support a high-quality education.

Vote YES on W: Prevent Overcrowding and Make Essential Safety Upgrades

  • Add classrooms and school facilities, including a new elementary school, to prevent overcrowding
  • Improve student safety and access
  • Bring classrooms at all schools up to current education and communication standards
  • Expand and provide additional classroom instructional technology
  • Improve access for students with disabilities
  • Enhance classrooms for performing arts, science and technology education programs

Accountability is Required: Every Penny Stays in Oakley

  • Measure W qualifies our schools for state matching funds
  • Every penny will benefit Oakley elementary and middle schools—the State can't take away any funds
  • No funds can go toward administrators' salaries
  • Developers will continue to pay their share of school construction costs
  • Independent citizen oversight, annual audits and reports to the community will ensure funds are used as promised

Join teachers, parents, elected leaders and the business community in voting YES on Measure W to continue providing every student equal access to quality education in Oakley.

Pat Anderson
Retired: Teacher, Oakley Mayor, City Council Member

Arthur Fernandez
Past Oakley School District Board Member

Tommy Sizemore
Owner of Sizemore Const. Father of 3 Oakley Students

Mike Burton
Retired Sheriff's Captain, Father of 3 Oakley Students

Dr. Mike Painter
Oakley Chiropractor, Father of 3 Oakley Students

  Commentary    Question    Analysis    Argument in Favor    Argument Against    Tax Rate  

Argument Against Measure W

ARGUMENT AGAINST MEASURE W

None Filed.

  Commentary    Question    Analysis    Argument in Favor    Argument Against    Tax Rate  

Measure W Tax Rate Statement

TAX RATE STATEMENT FOR MEASURE W

An election will be held in the Oakley Union Elementary School District (the "District") on November 8, 2016, to authorize the sale of up to $31 million 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. 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 California Elections Code.

(1) The best estimate of the tax rate that would be required to be levied to fund the bonds during the first fiscal year after the first sale of the bonds based on estimated assessed valuations available at the time of filing of this statement, is $0.03 per $100 of assessed valuation ($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 be levied to fund the bonds during the first fiscal year after the last sale of the bonds, based on estimated assessed valuations available at the time of filing of this statement, is $0.03 per $100 of assessed valuation ($30.00 per $100,000 of assessed valuation) in fiscal year 2020-21.

(3) The best estimate of the highest tax rate that would be required to be levied to fund the bonds, based on estimated assessed valuations available at the time of filing of this statement, is $0.03 per $100 of assessed valuation ($30.00 per $100,000 of assessed valuation) in fiscal year 2017-18.

(4) The best estimate of the average tax rate which would be required to be levied to fund the bonds during the life of the bonds, based on estimated assessed valuations available at the time of filing of this statement, is $0.03 per $100 of assessed valuation ($30.00 per $100,000 of assessed valuation).

(5) 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 $50,261,459 ($31,000,000 of principal and $19,261,459 of interest). This estimates is based on assumptions regarding future interest rates and the term, timing, structure and amount of each series of bonds.

Voters should note that such estimated tax rates are specific to the repayment of bonds issued under this authorization and are and will be in addition to tax rates levied in connection with other bond authorizations approved or to be approved by the District or any other overlapping public agency.

Voters should note that estimated tax rate is based on the ASSESSED VALUE of taxable property on Contra Costa 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 Contra Costa County Assessor in the annual assessment and the equalization process.

Dated August 3, 2016.

___________________________________
Superintendent
Oakley Union Elementary School District

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