A "Yes" vote is to authorize the issuance of the bonds.
Enterprise School DistrictMeasure E Bond Measure - 55% Approval Required
Enterprise School District
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To improve educational quality; upgrade/renovate/construct classrooms, restrooms and facilities; repair/replace leaky roofs; upgrade outdated electrical and plumbing/sewer systems; make health/safety/handicapped accessibility improvements; shall Enterprise Elementary School District issue $26,000,000 of bonds at legal rates, levy an estimated 3 cents/$100 of assessed value, raising an average $1,540,000 annually while bonds are outstanding, have an independent citizens' oversight committee, NO money for administrative salaries, with funding that cannot be taken by the state?
What is this proposal?
Details — Official information
YES vote means
NO vote means
A "No" vote against authorizing the issuance of the bonds.
Impartial analysis / Proposal
Shasta County Counsel
This analysis of the general obligation bond measure for the Enterprise Elementary School District (“District”), Measure E, is provided in accordance with Elections Code sections 9500, et seq. The electors entitled to vote on the measure are those residing within the District’s boundaries.
Section 1 of Article XIIIA and section 18 of Article XVI of the California Constitution and Education Code sections 15264, et seq. authorize school districts to adopt a proposal, subject to the approval of the District’s voters, to issue general obligation bonds for specific school district purposes. The District adopted such a proposal and is submitting it to the District electors for their consideration.
If 55% of the qualified electors voting on Measure E vote for approval, the District would be authorized to issue bonds in the principal amount not to exceed $26,000,000 and to levy ad valorem taxes on taxable property within the District to pay for the bonded indebtedness plus interest. The bonds may be issued and sold in several series and may mature in 40 years or such shorter period as determined by the District Board in accordance with applicable law. The interest rate on the bonds would not exceed the statutory limit.
The projects to be financed by the bonds may include: 1) repairing, renovating, upgrading, or replacing infrastructure as described in the full text of the measure (the “Full Text”); 2) making technological, safety, and security improvements; 3) acquiring instructional, maintenance and operational equipment, including the reduction or retirement of outstanding lease obligations and interim funding incurred to advance fund projects from the list enumerated in the Full Text; 4) repair, replace, or upgrade paved surfaces, heating and ventilation systems, and plumbing and sewer systems; 5) costs and work necessary or incidental to the projects; and 6) other projects listed in the Full Text. The proceeds will not be used for any purpose not identified in the measure, including teacher or administrator salaries or be taken by the state. The District's Board of Trustees shall establish a citizen's oversight committee to ensure that the proceeds of the bonds are spent only on the specific projects and the specific school sites identified in Measure E.
According to the tax rate statement submitted by the District, the best estimate of the maximum ad valorem tax which would be levied on taxable real property to repay the bonds over their term is $30.00 per year per $100,000 of assessed value. These calculations are estimates only and are not binding upon the District.
If Measure E is not approved by 55% of the qualified electors voting on the measure, the District will not be authorized to issue bonds for the aforementioned purposes.
A “yes” vote is to authorize the issuance of the bonds.
A “no” vote is against authorizing the issuance of the bonds.
Rubin E. Cruse, Jr.
County Counsel
By:
/s/ James R. Ross
Assistant County Counsel
Tax rate
Philip Brown, Chief Business Official, Enterprise Elementary School District
An election will be held in the Enterprise Elementary School District (the “District”) on November 6, 2018, to authorize the sale of up to $26,000,000 in bonds of the District for the school facilities projects described in the bond measure. If such bonds are authorized, the District expects to sell the bonds in one or more series. 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 California Elections Code. Such information is based upon assessed valuations available from official sources and projections based upon experience within the District, and other demonstrable factors. Based upon the foregoing, the following information is provided:
(1) The best estimate from official sources of the average annual tax rate that would be required to be levied to fund the bond issue over the entire duration of the bond debt service, based on estimated assessed valuations which are projected based on experience within the District or other demonstrable factors, is $0.03 per $100 of assessed valuation ($30.00 per $100,000 of assessed valuation). The final fiscal year in which the tax is anticipated to be collected is Fiscal Year 2051-52.
(2) The best estimate from official sources of the highest tax rate that would be required to be levied to fund the bond issue, based on estimated assessed valuations which are projected based on experience within the District or other demonstrable factors, is $0.03 per $100 of assessed valuation ($30.00 per $100,000 of assessed valuation). The estimated year in which that rate would apply is Fiscal Year 2020-21.
(3) The best estimate from official sources 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 $53,900,000. This estimate is based on assumptions regarding future interest rates and the term, timing, structure and amount of each series of bonds.
(4) The proposed measure is not projected to raise taxes above what property owners have been paying from a prior 1990 bond election; rather, the proposed measure is expected to result in an overall lower tax rate, for an extended term. It is the District’s current plan to structure the proposed bonds so that the tax rate necessary to pay debt service on the new bonds is not projected to exceed the rate paid by property owners the past 28 years, and in fact is estimated to be significantly lower at $0.03 per $100 of assessed valuation ($30.00 per $100,000 of assessed valuation).
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 the estimated tax rate is based on the ASSESSED VALUE of taxable property on Shasta 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 Shasta County Assessor in the annual assessment and the equalization process.
/s/ Philip Brown
Chief Business Official
Enterprise Elementary School District
Published Arguments — Arguments for and against
Arguments FOR
Our schools are the most important assets in our community and should be our number one priority. From higher achieving students, to training for future jobs, to greater neighborhood safety, quality schools make a difference. We have an opportunity to maintain the quality of our local elementary schools without increasing our taxes by voting YES on Measure E.
Although neighborhood schools have been well maintained over the years with some major recent renovations, our schools are old, and our work is not done. The average age of schools in the District is over 54 years with Rother Elementary, our oldest, first built nearly 62 years ago. These aging schools need major classroom, facility, and infrastructure improvements to preserve the excellent education provided to local children. By improving local schools, we can meet today’s safety, technology, and educational standards and better our community.
Measure E will upgrade and renovate elementary classrooms, restrooms, and school facilities by:
- Repairing or replacing leaky roofs
- Replacing and upgrading deteriorating plumbing, drainage and sewer systems and inadequate electrical systems
- Making health, safety and handicapped accessibility improvements
- Replacing outdated heating, ventilation and airconditioning systems
- Constructing or renovating science and technology labs
Measure E makes financial sense and protects taxpayers:
- Measure E will not increase the tax rate but will be lower than what property owners have been paying
- All funds must be spent locally and cannot be taken by the State
- By law, an independent citizens' oversight committee must annually audit and review spending
- Funds can only be spent to improve facilities, not for teacher or administrative salaries
Measure E upgrades and repairs old classrooms, improves the education of local children, and maintains the quality of our community, all without increasing taxes. That's something we can all support. Please join us and VOTE YES ON MEASURE E!
/s/ Gloria E. Valles
President EESD Board
/s/ Scott J. Swendiman
President Shasta College Trustees
/s/ Glenn Eaton
Retired Educator
/s/ Dennis L. Bambauer
Negotiator/Counselor
/s/ Bonnie Hyatt
Boulder Creek PTO President
— Shasta County Clerk & Registrar of Voters (sample ballot text)
Arguments AGAINST
[No official argument against Measure E was submitted to the Shasta County Clerk & Registrar of Voters.]
— Shasta County Clerk & Registrar of Voters (sample ballot text)
Replies to Arguments FOR
[No official rebuttal to the argument in favor of Measure D was submitted to the Shasta County Clerk & Registrar of Voters.]
— Shasta County Clerk & Registrar of Voters (sample ballot text)
Read the proposed legislation
Proposed legislation
[The full text of this measure, including a list of specific projects to be funded, is found on pages 9-17 of the PDF linked below.]
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