Hayward Unified School District Bond Issue, Measure L (November 2014)

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A Hayward Unified School District Bond Issue, Measure L ballot question was on the November 4, 2014 election ballot for voters in the Hayward Unified School District in Alameda County, California. It was approved.

Measure L authorized the district to increase its debt by $229 million through issuing general obligation bonds in that amount.

District officials estimated that an additional property tax of $49 per $100,000 of assessed property value would be required to repay this debt.

A 55 percent supermajority vote was required for the approval of Measure L.

Election results

Measure L
Result		Votes	Percentage
a Yes		17,976	77.35%
No		5,263	22.65%

Election results via: Alameda County Elections Office

Text of measure

Ballot question

The question on the ballot:

“

To protect quality education and student safety at local schools, with funding that the State cannot take away, shall Hayward Unified School District: modernize, renovate, replace aging classrooms, bathrooms, leaking roofs; replace outdated electrical, plumbing, heating/ventilation systems; update classroom computer technology/science labs; improve access for disabled students; and install modem fire safety/emergency communication systems; by issuing $229 million in bonds at legal rates, with independent oversight, no money for administrators, and all funds staying local?

”

Tax statement

The following tax statement was provided by the office of the district superintendent:

“	An election will be held in the Hayward Unified School District (the "District") on November 4, 2014, to authorize the sale of up to $229,000,000 in bonds of the District to finance the school facilities as described in the proposition. If the bonds are approved, the District expects to sell the bonds in three series. 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 9400-9404 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 bonds issued during the first fiscal year after the sale of the first series of bonds is 4.899 cents per $100 ($48.99 per $100,000) of assessed valuation in fiscal year 2016-2017. 2. The best estimate of the tax which would be required to be levied to fund bonds issued during the first fiscal year after the sale of the last series of bonds is 4.896 cents per $100 ($48.96 per $100,000) of assessed valuation in fiscal year 2020-2021. 3. The best estimate of the highest tax rate which would be required to be levied to fund bonds issued is 4.900 cents per $100 ($49.00 per $100,000) of assessed valuation in fiscal year 2015- 2016, 2017-2018, and 2018-2019. The tax rate is expected to remain approximately level from year to year. 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.	”
—Hayward District Superintendent

Project list

This list of projects that would be funded by Measure L bond money was provided by district officials:

“

The following is a list of projects which identifies or defines the types of projects to be funded by the bonds and state matching funds, including other eligible project funds, such as grants, should they become available to the District: 1. DISTRICT-WIDE SAFETY IMPROVEMENTS, including security equipment and/or surveillance cameras, disability access in compliance with state and federal law, including the Americans with Disabilities Act, site access, traffic flow and parking improvements, including parent parking, energy and restroom upgrades, and repairs related to installation and use of modem fire safety/emergency communication systems and other safety improvements. 2. SCHOOL FACILITY NEW CONSTRUCTION AND RECONSTRUCTION at the Harder, Cherryland, Winton, Lorin Eden schools, Hayward High, Mount Eden High, and Tennyson High Schools, including rehabilitation or replacement of facilities, with necessary furnishings, equipment and technology upgrades and improvements, installation of site infrastructure, including roof and roof drainage, heating, ventilation and air conditioning systems, athletic fields, one performing arts center, and land acquisition as needed for construction.

”

See also

• Local school bonds on the ballot
• School bond elections in California
• Alameda County, California ballot measures
• November 4, 2014 ballot measures in California

External links

Suggest a link

• Alameda County Elections Office website