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November 8, 2016 — California General Election
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— Bond MeasureBond Measure —

Special District
November 8, 2016 —California General Election

Shandon Joint Unified School District
Measure K-16 Bond Measure - 55% Approval Required

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Election Results

Passed

420 votes yes (73%)

155 votes no (27%)

  • 100% of precincts reporting (4/4).
  • 589 ballots counted.

To repair leaky pipes, deteriorating septic systems, aging roofs and inefficient heating/air-conditioning; upgrade portable classrooms; install emergency communication systems and remove asbestos; and qualify for State matching funds at Shandon Elementary, Parkfield Elementary and Shandon High Schools; shall Shandon Joint Unified School District issue $3.15 million of bonds with interest rates below legal limits, annual audits, independent citizens' oversight, all funds spent locally and no money used for administrative salaries or taken by the State and spent elsewhere?

Impartial analysis / Proposal

          This measure will determine whether the Shandon Joint Unified School District (“the District”) may issue $3.15 million in bonds for the purpose of improving school facilities within the District. The measure is placed on the ballot by the Board of Trustees of the District (“the Board”) and will become effective if fifty-five percent (55%) of the voters vote “yes” on the measure.

          On November 7, 2000, California voters passed “Proposition 39,” amending Article XIIIA, section 1(b)(3) of the California Constitution.  That amendment authorizes the District to incur bonded indebtedness for the purpose of financing the construction, reconstruction, rehabilitation, or replacement of school facilities, in accordance with certain accountability requirements. To implement the requirements of Proposition 39, the Legislature enacted the “Strict Accountability in Local School Construction Bond Act of 2000” (Educ. Code, § 15264, et seq.; “the Act”). This measure is proposed in accordance with the Act.

          If approved, the measure will authorize the District to issue up to $3.15 million in general obligation bonds, to bear interest at a rate not to exceed the maximum permitted by law. The types of school facility improvement projects to be funded by bond proceeds are included in the Bond Project List (included in the full-text of the measure). In accordance with the Act, the Board has certified that it has evaluated safety, class size reduction, enrollment growth and information technology needs in developing the Bond Project List.

          Revenue from bond sales will be used only to modernize, replace, renovate, equip, acquire and rebuild school facilities within the District, and not for any other purpose, including teacher and employee salaries and other school operating expenses. Approval of the bond measure does not guarantee that particular projects will be funded.

          Principal and interest on the bonds will be payable from the proceeds of ad valorem taxes levied annually on taxable real property within the District. These taxes would be in addition to the property taxes currently levied on taxpayers within the District. The amount of the increased taxes each year would depend upon the amount needed to pay the principal and interest on the bonds. The District’s Tax Rate Statement, which accompanies this analysis, reflects an estimate of the maximum property tax levies required to service the bonds. The actual tax rates may vary depending on the timing of sales, number of bonds sold, and increases in assessed valuations.

          Performance and financial audits must be completed annually to ensure that bond proceeds are spent only as specified in the measure. An independent citizens’ oversight committee will monitor expenditures and provide oversight. Bond proceeds will be deposited in a separate account. As long as any bond proceeds remain unexpended, annual reports will be filed with the Board stating the amount of funds collected and expended, and the status of projects authorized by the measure.

          A “yes” vote on this measure is a vote in favor of the District issuing $3.15 million in bonds for the purposes set forth in the full-text of the measure.

 

          A “no” vote on this measure is a vote against the District issuing $3.15 million in bonds for the purposes set forth in the full-text of the measure.

— RITA L. NEAL County Counsel

Tax rate

An election will be held in the Shandon Joint Unified School District (the “District”) on November 8, 2016, to authorize the sale of up to $3.15 million in bonds of the District to continue improving the quality of education in local schools of the District.  Specifically, bond proceeds shall be utilized for the purposes of modernizing, replacing, renovating, equipping, acquiring, and rebuilding school facilities.

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 $0.06000 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 $0.06000 per $100 ($60.00 per $100,000) of assessed valuation in fiscal year 2019 – 2020.

          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 $0.06000 per $100 ($60.00 per $100,000) of assessed valuation in fiscal years 2018 - 2021.

          4.     The best estimate of the average tax rate which would be required to be levied to fund this bond issue during the life of the bonds, based on estimated assessed valuations available at the time of filing of this statement, is $0.03444 per $100 ($34.44 per $100,000) of assessed valuation.

          5.     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 $5,304,178.

          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 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.

— TERESA TAYLOR, Superintendent Shandon Joint Unified School District

YES vote means

A “yes” vote on this measure is a vote in favor of the District issuing $3.15 million in bonds for the purposes set forth in the full-text of the measure.

NO vote means

A “no” vote on this measure is a vote against the District issuing $3.15 million in bonds for the purposes set forth in the full-text of the measure.

Arguments FOR

Vote YES on Measure K16!

Your YES Vote on Measure K16 will allow Shandon Joint Unified School District to repair and protect our community’s most valuable assets – Shandon Elementary School, Parkfield Elementary School and Shandon High School – while at the same time providing significant taxpayer protections.

Measure K16 will improve our school by:

  • Repairing and replacing leaky roofs and aging septic systems
  • Updating wiring and electrical systems to accommodate 21st century technology
  • Upgrading school communication systems and fire alarms for increased student safety
  • Remodeling existing buildings at Parkfield School
  • Replacing outdated portable classrooms
  • Removing asbestos

 

 

 

 

 

Measure K16 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 protect our schools.

Vote YES to allow our District to continue offering students the education they need to succeed in the modern world.

Vote YES to protect taxpayers with independent financial audits.

And Vote YES to provide the kinds of school that help maintain property values.

Prior generations provided us with our local schools. Now let’s continue the job by protecting and improving these vital public assets. Please join business leaders, teachers, parents, grandparents and neighbors in voting YES ON MEASURE K16!

s/ Sherri L. Franklin,
Shandon Businesswoman/ Longtime Resident

 

s/ Roger S. Franklin,
Shandon Businessman/ Longtime Resident

 

s/ Raymond D. Twisselman,
Longtime Resident/ Rancher

 

s/ John Varian,
Parkfield Rancher

s/ Jose Rodriguez,
Shandon Resident

 

Arguments AGAINST

NO ARGUMENT AGAINST MEASURE K-16 WAS SUBMITTED

Proposed legislation

To repair leaky pipes, deteriorating septic systems, aging roofs and inefficient heating/air-conditioning; upgrade portable classrooms; install emergency communication systems and remove asbestos; and qualify for State matching funds at Shandon Elementary, Parkfield Elementary and Shandon High Schools; shall Shandon Joint Unified School District issue $3.15 million of bonds with interest rates below legal limits, annual audits, independent citizens’ oversight, all funds spent locally and no money used for administrative salaries or taken by the State and spent elsewhere?”

Bonds—Yes                                                                        Bonds—No

BOND AUTHORIZATION

By approval of this proposition by at least 55 percent of the registered voters voting on the measure, the Shandon Joint Unified School District (the "District") will be authorized to issue and sell bonds of up to $3.15 million in aggregated principal at interest rates not in excess of the legal limit and to provide financing for the specific 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.

FINANCING PLAN

The District intends to use the Bonds to modernize, replace, renovate, equip, acquire and rebuild the District facilities on the Bond Project List.  No series of Bonds will be issued if such issuance would cause the tax rate levied to pay debt service on all of the outstanding Bonds to exceed $60 per year per $100,000 of taxable property, based on projections made by the District at the time of issuance of such series of Bonds.

ACCOUNTABILITY REQUIREMENTS

The provisions in this section are specifically included in this proposition 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 Trustees of the District (the “Board of Trustees”) 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 Trustees hereby certifies 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 Trustees shall establish an Independent Citizens’ Oversight Committee under Education Code Section 15278 and following to ensure that bond proceeds are expended only on the school facilities projects described in the Bond Project List 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 Trustees. 

Performance Audits.  The Board of Trustees shall conduct an annual, independent performance audit to ensure that the bond proceeds have been expended only on the school facilities projects described in the Bond Project List below.

Financial Audits.  The Board of Trustees shall conduct an annual, independent financial audit of the bond proceeds until all of those proceeds have been spent for the school facilities projects described in the Bond Project List below.

Annual Report.  The Business Manager of the District will cause an annual report to be filed with the Board of Trustees, the first report to be filed not later than one year after the issuance of the first series of Bonds, which report will 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 applicable California law.

Expenditure of Bond Proceeds.  The proceeds from the sale of the District’s bonds will be used only for the purposes specified in this measure, and not for any other purpose.  Such proceeds will be deposited into a Project Fund to be held by the San Luis Obispo County Treasurer, as required by the California Education Code.

FURTHER SPECIFICATIONS

No Administrator Salaries.  Proceeds from the sale of bonds authorized by this proposition shall be used only for the school facilities projects described in the Bond Project List below, and not for any other purpose, including teacher and administrator salaries and other school operating expenses.

BOND PROJECT LIST

Scope of Projects.  The Bond Project List shown below is a part of the ballot measure and must be reproduced in any official document required to contain the full statement of the bond measure.

Bond proceeds will be expended to modernize, replace, renovate, equip, acquire and rebuild the District’s facilities as described in the following list.  The exact size, configuration and location of each project will be determined by the Board of Trustees based on the needs of the District.

The District facilities include:

  • Parkfield Elementary School
  • Shandon Elementary School
  • Shandon High School

 

 

The repairs, renovations, constructions and equipment acquisitions shall include but not be limited to:

  • Repair and replacement of septic systems and aging restroom
  • Repair/replacement of roofs
  • Replacement and repair of wiring and electrical systems including upgrade of power systems to accommodate 21st century technology systems
  • Repair and installation of drainage systems
  • Repair of asphalt paving
  • Installation of communication systems including alarms and cameras for increased student safety
  • Remove asbestos
  • Remodel, reconstruct and reconfigure existing structures at Parkfield School
  • Repair and replace heating, air-conditioning and ventilation systems
  • Replace windows
  • Replace outdated portables
  • Landscape school grounds, playgrounds and athletic fields as needed
  • Refurbish and remodel elementary, middle and high school facilities including structural improvements, painting, locks and hardware
  • Upgrade classroom technology and equipment
  • Repair and upgrade fire alarm systems as necessary to meet current and new standards

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Projects Subject to Available Funding. The foregoing list of projects is subject to the availability of adequate funding to the District.  Approval of the bond measure does not guarantee that the proposed projects in the District that are the subject of bonds under the measure will be funded beyond the local revenues generated by the bond measure. The District's proposal for the 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.

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