Vote Yes on Fresno County Measure C - 2016 general Election
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  Commentary    Question    Analysis    Tax Rate    Notice  

Commentary on Measure C

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

This campaign was designed by Dale Scott & Co. 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    Tax Rate    Notice  

Measure C Question

Central Unified School District General Obligation Bond Measure. To continue renovating, constructing and equipping existing classrooms and school facilities, building a new high school and elementary school, and to be eligible for State matching funds, shall $87,300,000 of Central Unified School District bonds, previously approved by voters in November 2008, be reauthorized through issuance of new bonds, with no increase in total authorized District debt, interest rates below legal limits, annual audits, citizen oversight, all funds spent on local schools and no money for administrator salaries?

Bonds—Yes Bonds—No

  Commentary    Question    Analysis    Tax Rate    Notice  

Impartial Analysis for Measure C

CENTRAL UNIFIED SCHOOL DISTRICT
NOVEMBER 2016 BOND MEASURE

(IMPARTIAL ANALYSIS BY COUNTY COUNSEL PURSUANT TO
SECTION 9500 OF THE ELECTIONS CODE)

Voter approval of this Measure will authorize the governing board of the Central Unified School District (the "District") to issue and sell bonds in the maximum amount of Eighty-seven Million, Three Hundred Thousand Dollars ($87,300,000.00), bearing interest within legal rates and with maturity dates within the legal limits. The bond proceeds may be expended to construct, reconstruct, rehabilitate or replace school facilities, including the furnishing and equipping of school facilities or the acquisition or lease of real property for school facilities within the District.

The Bond Project List in Appendix A ("List") in the Measure describes the specific projects the District proposes to finance with proceeds from the sale of the bonds. The District may only use bond proceeds for the purposes specified in the Measure. The bond proceeds may not be used for any other purpose, including teacher or administrator salaries or other school operating expenses. Inclusion of a project on the List does not guarantee the project will be funded or completed.

This Measure would require annual independent performance and financial audits of the use of bond proceeds, including annual reports to the governing board. In addition, a citizens' oversight committee will be established to ensure that bond proceeds are properly expended.

Information regarding the estimated tax rate to repay these bonds is found in the "Tax Rate Statement" prepared by the District. The projected tax rate is a best estimate from official sources. The actual tax rate necessary to pay the Bond Measure may vary depending on factors identified in the Tax Rate Statement.

The Measure makes no change to existing law and must be approved by at least 55% of the eligible votes cast or the bonds will not be issued. Upon passage of this November 2016 Measure, the District shall not authorize the issuance of the previously passed (in 2008) Measure B Bonds in a like amount. This Measure was placed on the ballot by order of the governing board of the District.

_______________________________
DANIEL C. CEDERBORG
Fresno County Counsel

  Commentary    Question    Analysis    Tax Rate    Notice  

Measure C Tax Rate Statement

TAX RATE STATEMENT
REGARDING PROPOSED
$87,300,000
CENTRAL UNIFIED SCHOOL DISTRICT
GENERAL OBLIGATION BONDS

An election will be held in the Central Unified School District (the "District") on November 8, 2016, to authorize the sale of up to $87,300,000 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 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:

1. The best estimate of the tax rate 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 a projection of assessed valuations available at the time of filing of this statement, is $0.060 per $100 of assessed valuation (or $60 per $100,000 of assessed value) for fiscal year 2017-18.

2. The best estimate of the tax rate 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 a projection of assessed valuations available at the time of filing of this statement, is $0.060 per $100 of assessed valuation (or $60 per $100,000 of assessed value) for fiscal year 2023-24.

3. 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 $0.060 per $100 of assessed valuation (or $60 per $100,000 of assessed value).

4. The best estimate of the average 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 $0.05889 per $100 of assessed valuation (or $58.89 per $100,000 of assessed value.

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 approximately $166,425,000.

Voters should note the estimated tax rate is based on the ASSESSED VALUE of taxable property on the County's official tax rolls, not on the property's market value. 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 are not binding upon the District. The actual debt service, the 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 date of sale and the amount of bonds sold at any given time will be determined by the District based on the need for project 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 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.

Mark Sutton, Superintendent
Central Unified School District

  Commentary    Question    Analysis    Tax Rate    Notice  

Measure C Notice of Election

NOTICE OF DATE FIXED FOR SUBMITTING ARGUMENTS ON THE
CENTRAL UNIFIED SCHOOL DISTRICT GENERAL OBLIGATION
BOND MEASURE

NOTICE IS HEREBY GIVEN to all qualified electors in the County of Fresno, California that on Tuesday, November 8, 2016, there will be submitted to the voters the following measure:

Central Unified School District General Obligation Bond Measure. To continue renovating, constructing and equipping existing classrooms and school facilities, building a new high school and elementary school, and to be eligible for State matching funds, shall $87,300,000 of Central Unified School District bonds, previously approved by voters in November 2008, be reauthorized through issuance of new bonds, with no increase in total authorized District debt, interest rates below legal limits, annual audits, citizen oversight, all funds spent on local schools and no money for administrator salaries?

Bonds—Yes Bonds—No

Arguments for or against the measure may be submitted to the Fresno County Clerk/Elections, 2221 Kern St., Fresno, CA 93721, no later than Friday, August 5, 2016. No argument shall exceed 300 words in length. Arguments may be submitted by the legislative body, or any member or members of the legislative body authorized by that body, or any individual voter who is eligible to vote on the measure, or bona fide association of citizens, or any combination of voters and associations. No more than five signatures shall appear with any argument submitted. If an argument is signed by more than five persons, the names of only the first five persons signing, determined by the order in which their signatures appear, shall be printed with the argument.

Only one argument for and one argument against each measure will be selected for printing and distribution to the voters. Preference and priority in selection will be given in the order named: (1) The legislative body, or member or members of the legislative body authorized by that body; (2) The individual voter or bona fide association of citizens, or combination of voters and associations, who are the bona fide sponsors or proponents of the measure; (3) Bona fide associations of citizens; (4) Individual voters who are eligible to vote on the measure. Any argument submitted shall not be changed after August 5, 2016.

ALL ARGUMENTS submitted shall be verified in substantially the following form:

VERIFICATION

The undersigned author(s) of the _______(primary/rebuttal) argument______ (in favor of/against) ballot proposition (name or number) at the ______________(title of election) election for the _____________________ (jurisdiction) to be held on __________(date) hereby state that this argument is true and correct to the best of __________ (his/her/their) knowledge and belief.

Signed________________ Date_______________

Signed________________ Date_______________

Dated: July 27, 2016 Brandi L. Orth
County Clerk/Registrar of Voters

By
Felicia Sandoval
Elections Program Technician

Quienes deseen obtener la version espanola de este aviso legal pueden solicitar una copia de la misma Llamando al Departamento de Elecciones, (559) 600-8683.

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