Commentary on Measure P

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, hover overCriticalExample commentary. it to see the commentary.

Measure P Question

To construct and refurbish classrooms throughout the district for engineering, math, technology and science; improve students access to modern technology; upgrade outdated plumbing, heating, ventilation, and air-conditioning systems; install campus security cameras and lighting; and repair, construct and modernize classrooms, shall Pomina Unified School District be authorized to issue $300 million of bonds with interest rates at or below legal limits, independent citizen oversightCriticalIndependent? Really? The staff selects the committee. The Board rubber-stamps it. The Board can remove anyone who questions anything that the money is used for. You can be certain that there won't be anyone on the committee who isn't a cheerleader for spending your money on architectural marvels, like the Taj Mahal., and all funds spent locally and not taken by the State and spent elsewhere?

Bonds - Yes Bonds - No

Impartial Analysis for Measure P

PR-004900-6 LA 330-065

IMPARTIAL ANALYSIS OF MEASURE P

By Mary C. Wickham, County Counsel

Approval of Measure P ("Measure") would authorize the Board of Education ("Board") of the Pomona Unified School District ("District"), which placed the Measure on the ballot by Resolution No. 08 (2016-17), to issue general obligation bonds in an amount not to exceed $300,000,000.

Proceeds from the sale of the bonds authorized by the Measure shall be used only for the purposes of modernizing, replacing, renovating, constructing, acquiring, equipping, rebuilding, and furnishing District classrooms, restrooms, and other educational and joint-use facilities at District elementary, middle, and high schools. Projects include, but are not limited to, upgrading heating, ventilation, and air-conditioning systems to improve energy efficiency; constructing, expanding, and refurbishing academies, classrooms, and other facilities at new or existing campuses; repairing or replacing plumbing and sewer systems; upgrading and expanding wiring and other technology infrastructure; expanding, renovating, and repairing libraries, science labs, restrooms, and playground and athletic facilities; installing lighting, fencing, and security equipment; improving handicap accessibility; reconfiguring school campuses to create small learning centers; updating and upgrading school exteriors and landscaping; acquiring technology equipment, software systems, and infrastructure; providing training related to the use and implementation of technology projects; and maintaining technology equipment. Bond proceeds may not be expended on teacher and administrator salaries and other operating expenses.

The Board shall cause independent performance and financial audits to be conducted annually to ensure that bond proceeds are spent only for the projects identified in the Measure. The Board shall appoint an independent Citizens' Oversight Committee in accordance with Education Code section 15278 no later than 60 days after the Board enters the election results in its minutes to ensure that bond proceeds are spent as specified in the Measure and as provided by law. The Board shall create an account into which bond proceeds shall be deposited and shall comply with the reporting requirements of Government Code sections 53410 and 53411.

The bonds shall be issued pursuant to Education Code section 15264 et seq. or Government Code section 53506 et seq. The maximum rate of interest on any bond shall be below the legal limit. Bonds may be issued in several series, and each series shall mature within the legal limit. According to the District's Tax Rate Statement, the best estimate of the highest tax rate required to fund the bonds, based on estimated assessed valuations available when the District filed (Continued on next page)
PR-004900-7 LA 330-066
IMPARTIAL ANALYSIS OF MEASURE P (Continued) its Tax Rate Statement, is $60 per $100,000 of assessed valuation in fiscal year 2017-18. Estimated tax rates are based on the assessed value of taxable property on the official tax rolls, not on the property's market value.

This Measure requires a fifty-five (55%) percent vote for passage.

NOTICE TO VOTERS

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

Argument in Favor of Measure P

PR-004900-8 LA 330-067

ARGUMENT IN FAVOR OF MEASURE P

Vote YES on Measure P!

Your YES Vote on Measure P will allow Pomona Unified School District to repair and protect our community's most valuable asset – our local public schools – while at the same time providing significant taxpayer protections.

Measure P will improve Pomona's public schools by:

• - Repairing and replacing leaky roofsFRAUD ALERT!This is how you know that this campaign is owned lock, stock, and barrel by the school bonds cartel. Every bond measure in California sells you on "leaky roofs." This particular measure doesn't mention "leaky roofs" anywhere, but in the argument. You see the signers never read the measure and they didn't write the argument. The stupid bond counsel, who wrote it, just presumes that every measure has leaky roofs in it. The cartel is exposed for what it is. Q.E.D. and deteriorating plumbing and sewer systems
• - Renovating and repairing outdated restrooms
• - Upgrading outdated heating, ventilation and air-conditioning systems
• - Improving fire safety systems, lighting and security cameras for increased student safety
• - Expanding career technical education facilities for good-paying jobs in technology, science, construction and engineering that will contribute to our local economy

Measure P will protect taxpayers by:

• - Making our local school projects eligible for State matching funds
• - Requiring annual audits and independent citizen oversight of the funds
• - Prohibiting funds from going to administrators' salaries, pensions or benefits
• - Imposing tough legal safeguards requiring all monies to be spent on our local schools
• - Prohibiting the State from taking the funds and spending them in other districts

Vote YES to retain and attract high-quality teachers.
Vote YES to ensure our students have the equipment and facilities necessary to meet the challenges of today's rapidly changing world.
Vote YES to ensure our schools continue to offer students the education they need to compete in the modern world.
Vote YES to protect taxpayers with independent financial audits.
And Vote YES to provide the kinds of schools that help maintain property values.

(Continued on next page)
PR-004900-9 LA 330-068
ARGUMENT IN FAVOR OF MEASURE P (Continued)

Our children are our future. To build better and safer schools, improve student achievement, protect taxpayer dollars and enhance property values, please join business leaders, teachers, parents, grandparents and neighbors in voting YES on Measure P.

Argument Against Measure P

NO ARGUMENT AGAINST THIS MEASURE WAS SUBMITTED

Full Text of Measure P

PR-004896-8 LA 330-059

FULL TEXT OF BALLOT MEASURE P

To construct and refurbish classrooms throughout the district for engineering, math, technology and science; improve student access to modern technology; upgrade outdated plumbing, heating, ventilation, and air-conditioning systems; install campus security cameras and lighting; and repair, construct and modernize classrooms, shall Pomona Unified School District be authorized to issue $300 million of bonds with interest rates at or below legal limits, independent citizen oversight, and all funds spent locally and not taken by the State and spent elsewhere?

Bonds—Yes Bonds—No

BOND AUTHORIZATION

By approval of this measure by at least 55 percent of the registered voters voting on the measure, the District will be authorized to issue and sell bonds of up to $300 million in aggregated principal at interest rates below the legal limit and to provide financing for the specific school facilities projects listed in the Bond Project List described below, subject to all the accountability requirements specified below.

The Bonds may be issued under the provisions of the California Education Code (starting at Section 15100), under the provisions of the California Government Code (starting at Section 53506), or under any other provision of law authorizing the issuance of general obligation bonds by school districts. The Bonds may be issued in series by the District from time to time, and each series of Bonds shall mature within the legal limitations set forth in the applicable law under which the Bonds are issued.

ACCOUNTABILITY REQUIREMENTS

The provisions in this section are specifically included in this measure in order that the voters and taxpayers in the District may be assured that their money will be spent wisely. Expenditures to address specific facilities needs of the District will be in compliance with the requirements of Article XIIIA, Section 1(b)(3), of the State Constitution and the Strict Accountability in Local School Construction Bonds Act of 2000 (codified at Education Code Sections 15264 and following.)

Evaluation of Needs. The Board of Education of the District (the "Board of Education") has identified detailed facilities needs of the District and has determined which projects to finance from a local bond at this time. The Board of Education has certified that it has evaluated safety, class size reduction, enrollment growth, and information technology needs in developing the Bond Project List shown below.

Independent Citizens' Oversight Committee. The Board of Education shall establish an Independent Citizens' Oversight Committee under Education Code (Continued on next page)
PR-004900-1 LA 330-060
FULL TEXT OF BALLOT MEASURE P (Continued) Section 15278 and following to ensure that bond proceeds are expended only on the school facilities projects listed below. The committee will be established within 60 days of the date when the results of the election appear in the minutes of the Board of Education.

Performance Audits. The Board of Education shall conduct an annual, independent performance audit to ensure that the bond proceeds have been expended only on the school facilities projects listed below.

Financial Audits. The Board of Education shall conduct an annual, independent financial audit of the bond proceeds until all of those proceeds have been spent for the school facilities projects listed below.

Government Code Accountability Requirements. As required by Section 53410 of the Government Code, (1) the specific purpose of the bonds is set forth in this Full Text of the Measure, (2) the proceeds from the sale of the bonds will be used only for the purposes specified in this measure, and not for any other purpose, (3) the proceeds of the bonds, when and if issued, will be deposited into a building fund to be held by the Los Angeles County Treasurer, as required by the California Education Code, and (4) the Superintendent of the District shall cause an annual report to be filed with the Board of Education of the District not later than January 1 of each year, which report shall contain pertinent information regarding the amount of funds collected and expended, as well as the status of the projects listed in this measure, as required by Sections 53410 and 53411 of the Government Code.

NO TEACHER OR ADMINISTRATOR SALARIES

Proceeds from the sale of bonds authorized by this measure shall be used only for the purposes specified in Article XIII A, Section 1(b)(3), those being for the construction, reconstruction, rehabilitation, or replacement of school facilities, including the furnishing and equipping of school facilities, and not for any other purpose, including teacher and administrator salaries and other school operating expenses.

STATE MATCHING FUNDS

The following statement is included in this measure pursuant to Education Code Section 15122.5: Approval of this measure does not guarantee that the proposed project or projects that are the subject of bonds under this measure will be funded beyond the local revenues generated by this measure. The District's proposal for the project or projects described below may assume the receipt of matching state funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure.

(Continued on next page)
PR-004900-2 LA 330-061
FULL TEXT OF BALLOT MEASURE P (Continued)

BOND PROJECT LIST

Joint Use. The District may enter into agreements with the County of Los Angeles, or other public agencies or nonprofit organizations for joint use of school facilities financed with the proceeds of the bonds in accordance with Education Code Section 17077.42 (or any successor provision). The District may seek State grant funds for eligible joint-use projects as permitted by law, and this proposition hereby specifies and acknowledges that bond funds will or may be used to fund all or a portion of the local share for any eligible joint-use projects identified in the Bond Project List or as otherwise permitted by California State regulations, as the Board of Education shall determine.

Scope of Projects. Projects which are described below include all related and incidental costs, including their share of the costs of the election and bond issuance and costs of design, engineering, architect and other professional services, inspections, site preparation, utilities, and other planning, legal, accounting and similar costs, independent annual financial and performance audits, a customary contingency, and other costs incidental to and necessary for completion of the listed projects.

The scope and nature of any of the specific projects described below may be altered by the District as required by unforeseen conditions that may arise during the course of design and construction. In the event that a modernization or renovation project will result in higher costs than relocation and construction, this bond measure authorizes land acquisition, relocation and reconstruction, and all costs relating thereto, for said reasons or based on other considerations deemed in the best interest of the District by the Board of Education. In addition, this measure authorizes the acquisition of real property required to expand or provide school facility projects at the listed sites. In addition, authorized projects include paying and/or prepaying interim financing for said projects such as bond anticipation notes, and includes prepayment of lease payments and related certificates of participation to acquire title to school facilities previously financedCriticalLeases are OPERATING expenses explicitly prohibited by the Constitution Article XIII-A Section 1(b)(3)(A) (Proposition 39). "not for any other purpose, including teacher and administrator salaries and other school operating expenses.".

Approval of the District's bond measure does not guarantee that all of the identified projects within this Bond Project List will be funded beyond what can be completed with local funds generated by the bond measure. The District plans to pursue funds from the State of California, if available, to complete certain of the identified facilities projects.

Bond proceeds may also be expended to acquire equipment in any classroom or other educational facility within the District. The District may alter the scope and nature of any of the specific projects that are described below as required by conditions that arise over time.

(Continued on next page)
PR-004900-3 LA 330-062
FULL TEXT OF BALLOT MEASURE P (Continued)

Whenever specific items are included in the following list, they are presented to provide examples and are not intended to limit the generality of the broader description of authorized projects. The order in which particular projects are listed is not intended to indicate priority for funding or completion.

RENOVATION, MODERNIZATION, REPAIR AND CONSTRUCTION OF
SCHOOLS FACILITIES AND ACQUISITION OF TECHNOLOGY

Renovation, Modernization, Repair and Construction Of Schools Facilities

Bond proceeds will be expended to modernize, replace, renovate, construct, acquire, equip, rebuild and furnish the District's classrooms, restrooms, and other educational and joint-use facilities throughout the District including:

Elementary Schools

Alcott, Allison, Armstrong, Arroyo, Barfield, Cortez, Decker, Diamond Point, Golden Springs, Harrison, Kellogg, Kingsley, La Verne, Lexington, Lincoln, Lopez, Madison, Montvue, Pantera, Philadelphia, Ranch Hills, Roosevelt, San Antonio, San Jose, Vejar, Washington and Westmont

Middle Schools

Emerson, Lorbeer, Marshall and Simons

High Schools

Adult and Career Ed./ROP, Diamond Ranch, Freemont Academy, Ganesha, Garey, Palomares, Pomona, Park North/Pomona Alternative, Park West, School of Extended Educational Options, and Village Academy

Whenever specific items are included in the following list, they are presented to provide an example and are not intended to limit the generality of the broader description of authorized projects.CriticalThis really takes the cake. How is any of this "a list of the specific school facilities projects to be funded" as required by the California Constitution? It's not. It authorizes the district to spend the money on whatever it wants, whenever it wants, wherever it wants.

• – Upgrade outdated heating, ventilation, and air-conditioning systems to improve energy efficiency
• – Construct, expand and/or refurbish academies and classrooms, at new or existing school campuses, for specialized programs such as Technology and Science, Engineering and Math, Performing Arts and Languages, and Health and Human Services
• – Repair and replace old and deteriorating plumbing and sewer systems
• – Renovate and expand the schools' libraries
• – Improve the District's technology infrastructure and make electrical upgrades to provide students throughout the District with increased access to computers and computer labs

(Continued on next page)
PR-004900-4 LA 330-063
FULL TEXT OF BALLOT MEASURE P (Continued)

• – Renovate and expand the schools' science labs
• – Make handicap accessibility (ADA) upgrades and improvements throughout the District, including restrooms, classrooms, and playgrounds
• – Improve student safety by installing additional lighting, fencing, and security equipment throughout the District
• – Renovate and repair outdated restrooms
• – Upgrade old playgrounds and equipment at the elementary schools
• – Restore the athletic fields at the middle schools and high schools
• – Update and improve the exterior of aging schools and make landscaping and infrastructure improvements, including new paint, gates, marquees.
• – Upgrade school facilities to offer specialized courses in academics or technical and vocational courses
• – Construct new school facilities, including classrooms, furniture, and equipment.
• – Reconfigure school campuses to create small learning centers within an existing school site
• – Construct permanent school facilities, including additional classrooms, cafeteria/multi-purpose room, administration building, furniture and equipment. Increase student safety and reduce traffic congestion by improving access to the schools' pick-up and drop-off areas and adding additional parking
• – Replace old windows with new energy efficient windows

Acquisition of Technology

Bond proceeds shall also be used for the acquisition of technology. Specific educational technology projects shall include but not be limited to:

Devices and Technology Systems

• – Computers, computer tablets and peripheral hardware
• – Classroom technology tools
• – Smart boards
• – Document cameras
• – Wireless microphones
• – Printers, copiers and scanners

(Continued on next page)
PR-004900-5 LA 330-064
FULL TEXT OF BALLOT MEASURE P (Continued)

• – Teacher-parent communication systems
• – Data backup systems
• – Classroom and district-wide security system hardware
• – Technology equipment for use in science labs

Software

• – Educational software
• – Student performance assessment software
• – Telecommunications software
• – Web site development and maintenance
• – Vocational education training software
• – Disaster recovery hardware and software
• – Classroom and district-wide security software
• – Document retention software
• – Software related to the overall instructional services, business services, and human relation services of the District
• – Remote learning software

Infrastructure

• – Capital technology projects including but not limited to the wiring of data centers, classrooms and school facilities
• – Computer and technology wiring, servers, routers, switches and other information devices
• – District-wide wireless access infrastructure.

Implementation

• – Installation, upgrading and maintenance of various technology systems and equipment
• – Costs of providing training related to the use and implementation of technology projects
• – Future technology projects as set forth in the District's Board approved technology plan

Measure P Tax Rate Statement

PR-004900-10 LA 330-069

TAX RATE STATEMENT -MEASURE P

An election will be held in the Pomona Unified School District (the "District") on November 8, 2016, to authorize the sale of up to $300,000,000 in bonds of the District to finance school facilities. Specifically, bond proceeds shall be utilized for the purposes of refurbishing classrooms throughout the district for engineering, math, technology and science; improving student access to modern technology; upgrading outdated plumbing, heating, ventilation, and air-conditioning systems; installing campus security cameras and lighting; and repairing, constructing and modernizing classrooms.

If the bonds are authorized and sold, debt service thereon 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 Elections Code of the State of California.

1. The best estimate of the tax 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 estimated assessed valuations available at the time of filing of this statement, is $0.060 per $100 ($60.00 per $100,000) of assessed valuation in fiscal year 2017 -2018.

2. The best estimate of the tax 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 estimated assessed valuations available at the time of filing of this statement, is $0.060 per $100 ($60.00 per $100,000) of assessed valuation in fiscal year 2028 -2029.

3. The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on estimated assessed valuations available at the time of filing of this statement, is $0.060 per $100 ($60.00 per $100,000) of assessed valuation in fiscal year 2017 -2018.

4. The best estimate of the total debt service, including principal and interest, that would be required to be repaid if all the bonds are issued and sold is $494,779,001.

Voters should note that the estimated tax rates are based on the ASSESSED VALUE of taxable property on the 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 (Continued on next page)
PR-004900-11 LA 330-070
TAX RATE STATEMENT - MEASURE P (Continued) 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 the need for construction funds and other factors, including the legal limitations on bonds approved by a 55% vote. 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 County Assessor in the annual assessment and the equalization process.

Dated: July 27, 2016

LESLIE BARNES
Assistant Superintendent, CFO
Pomona Unified School District