presents
Voter’s Edge California
Conozca la información antes de votar.
Presentado por
MapLight
League of Women Voters of California Education Fund
November 6, 2018 — Elección General de California
Distrito especial

Panama-Buena Vista Union School District
Measure H - 55% Approval Required

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Resultados electorales

Se aprueba

21,711 votos si (62.77%)

12,879 votos no (37.23%)

100% de distritos activos (85/85).

To improve school safety and security, construct/equip new school facilities to relieve severe overcrowding, and repair/upgrade older classrooms, labs, facilities and instructional technology supporting student achievement/college readiness in math, science, engineering, technology, arts, shall Panama-Buena Vista Union School District issue $90 million in bonds, at legal rates, an estimated 3 cents per $100 assessed value (averaging $18 million annually) for approximately 20 years to improve neighborhood K-8 schools, with citizen oversight and all money locally controlled?

¿Qué es esta propuesta?

Información básica sobre la iniciativa de ley — Información oficial sobre esta iniciativa

Análisis del analista legislativo / Proposal

Kern County Registrar of Voters

The Board of Trustees of the Panama-Buena Vista Union School District (“District”) placed the measure on the ballot. A “Yes” vote by at least fifty-five percent (55%) of the voters voting on this measure will authorize the District to issue bonds to benefit the District in the maximumamount of 90 million dollars ($90,000,000).

The bond proceeds may only be used to fund 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. The measure lists the specific projects for which the proceeds will be used. The proceeds may not be used for any other purposes, including teacher and administrator salaries and other school operating expenses.

The Board of Trustees will conduct financial and performance audits annually and will appoint a citizens’ oversight committee to ensure that bond proceeds are spent only on the school facilities projects listed in the measure. The bonded debt will be a general obligation of the District and will be financed by property taxes levied annually on taxable property located within the District in an amount necessary to pay the annual debt obligation. The District estimates that the average annual tax rate necessary to fund the bonds issued will be $0.03 per $100 of assessed property value. The District anticipates that the tax will be collected for approximately 20 years.


This wording applies to Measure H:

Approval of MeasureHdoes not guarantee that the proposed project or projects in the Panama-Buena Vista Union School District that are the subject of bonds under MeasureHwill be funded beyond the local revenues generated by Measure H. 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.


This wording applies to Measure H:

The above statement is an impartial analysis of Measure H. If you desire a copy of the measure, please call the County Registrar of Voters at (661) 868-3590 or the Panama-Buena Vista Union School District at (661) 831-8331, and a copy will be mailed at no cost to you. Measure H is also available on the Internet at https://www.pbvusd.k12.ca.us/.

Tax rate

Superintendent of Panama-Buena Vista Union School District

An election will be held in the Panama-Buena Vista Union School District (the

“District”) on November 6, 2018, to authorize the sale of up to $90,000,000 in

bonds of the District to finance school facilities as described in the proposition. If

the bonds are approved, the District expects to issue the bonds in multiple series

over time. 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 through 9405 of the California

Elections Code.

 

1. The best estimate of the average annual tax rate that would be required to be

levied to fund this bond issue over the entire duration of the bond debt service,

based on assessed valuations available at the time of filing of this statement, is

$0.03 per $100 ($30.00 per $100,000) of assessed valuation. The final fiscal year

in which the tax to be levied to fund this bond issue is anticipated to be collected is

fiscal year 2038-39.

 

2. The best estimate of the highest tax rate that 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 $0.03 per $100 ($30.00 per $100,000) of assessed

valuation, which is projected to be the same in every fiscal year that the

bonds remain outstanding.

 

3. The best estimate of the total debt service, including the principal and interest,

that would be required to be repaid if all of the bonds are issued and sold is approximately

$126,000,000.

 

Voters should note that 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, which could be more or less than the assessed 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. Certain taxpayers may

also be eligible to postpone payment of taxes. Property owners should consult

their own property tax bills and tax advisors 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 average annual tax rate, the highest tax rate and the year or years in

which they will apply, and the actual total debt service, may vary from those presently

estimated due to variations in the timing of bond sales, the amount of bonds

sold, 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, including the legal limitations on bonds approved

by a 55% affirmative 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.

Published Arguments — Arguments for and against the ballot measure

Argumento A FAVOR

Every child deserves to learn in safe, modern school facilities. Help us continue to make it true for the children of OUR community. VOTE YES on Measure H.

In 2012, Panama-Buena Vista Union School District voters approved Measure P, a local school bond to rehabilitate aging neighborhood K-8 schools. Since then, as more families have moved into our community, student enrollment has grown dramatically. To relieve severe overcrowding, we’ve added over 50 portables and just opened a new school. But classrooms are still bursting at the seams. Meanwhile, all schools are aging and ALL need attention. 

Studies show that overcrowded, aging schools are not safe. Overcrowding makes it harder to respond in emergencies, elevates health risks, and increases potential for conflict at school.

Our children deserve better.

Measure H will:

   Improve school safety and security
   Renovate classrooms/labs for high quality science, technology engineering, arts and math (STEAM) instruction 
   Modernize aging classrooms, technology and school facilities 
   Upgrade older schools to meet the same academic and safety 
   standards as newer schools 
   Construct new classrooms and school facilities to relieve severe
   overcrowding

Taxpayer protections are MANDATORY. By law, ALL Measure H FUNDS

STAY LOCAL to benefit OUR Panama-Buena Vista schools and children. NO funds can be used for administrators’ salaries or pensions. Independent Citizens’ Oversight, annual financial audits, and transparent public reporting ensure funds are spent properly.

With the above prudent steps and others that Panama-Buena Vista Union School District has taken to be a good steward of taxpayer dollars, The Kern County Taxpayers Association endorsed early, and joins us in urging a “YES VOTE on H”.

Whether or not you have school-age children, protecting the quality of our neighborhood schools is a wise investment. That’s why teachers, parents, school leaders and residents representing EVERY Panama-Buena Vista school community are VOTING YES.

Please - make YOUR vote count, for our children, for our community.

VOTE YES on Measure H.

www.YESforPBVschool.com

s/Michael Turnipseed, Executive Director, Kern County Taxpayers Association
s/Gwen Johnson, Retired Educator, Child Advocate, 52-Year Resident
s/Marcos Heredia, 13-year Educator, Former Classroom Teacher, Parent
s/Melissa Brown, Attorney, Parent of a Reagan Elementary School Student
s/Morgan Clayton, Local Business Owner/CEO, Civic Leader

— Kern County Registrar of Voters

Argumento EN CONTRA

NO ARGUMENT AGAINST THIS MEASURE WAS SUBMITTED

— Kern County Registrar of Voters
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