Pope Valley Union Elementary School District, California, Bond Issue, Measure A (June 2016)
| Measure A: Pope Valley Union Elementary School District Bond Issue |
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| The basics |
| Election date: |
| June 7, 2016 |
| Status: |
 ApprovedMajority required: 55% |
| Topic: |
| Local school bonds Tax: $30 per $100,000 in value Matures in: 40 years |
| Related articles |
| Local school bonds on the ballot June 7, 2016 ballot measures in California Napa County, California ballot measures |
| See also |
| Pope Valley Union Elementary School District, California |
A bond issue measure was on the ballot for Pope Valley Union Elementary School District voters in Napa County, California, on June 7, 2016. It was approved.
| A yes vote was a vote in favor of increasing the district's debt by $4 million through issuing general obligation bonds in that amount. |
| A no vote was a vote against increasing the district's debt by $4 million through issuing general obligation bonds in that amount. |
District officials estimated the total debt service cost for the loan—including principal and interest—at $10 million. District officials also estimated that a property tax rate of $30 per $100,000 in assessed value would be required to repay the bonds.
A 55 percent supermajority vote was required for the approval of Measure A.
Election results
| Pope Valley Union Elementary School District, Measure A | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 146 | 59.11% | ||
| No | 101 | 40.89% | ||
- Election results from Napa County Elections Office
Text of measure
Ballot question
The following question appeared on the ballot:[1]
| “ |
To improve the quality of education with funding that cannot be taken by the state; modernize outdated classrooms, restrooms and school facilities; replace temporary portables with permanent classrooms; and construct a multi-purpose room for school and community use; shall the Pope Valley Union School District issue $4,000,000 of bonds at legal interest rates, have an independent citizens' oversight committee, annual audits and NO money used for administrative or teacher salaries?[2] |
” |
Impartial analysis
The following impartial analysis of the measure was prepared by the office of the Napa County Counsel:
| “ |
State law authorizes school districts to sell bonds to finance 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. Monies generated by the sale of such bonds may only be spent for these specified purposes. Thus, the bond proceeds cannot be expended to finance teacher and administrator salaries or other school operating expenses. The Pope Valley Union School District (the “District”) has called for an election on the question of whether bonds should be issued and sold by the District. Such bonds may only be issued and sold if at least 55% of the persons who actually vote approve Measure “A". The bonds would be repaid through an increase in property taxes based upon the assessed value of taxable property in the District in each year of repayment. The Tax Rate Statement, which appears following the full text of Measure “A” in this voter information pamphlet, reflects the District’s current best estimate of the property tax rate increases that will be required to service the bonds at various points during the life of the bonds. The estimated annual tax to be levied to meet debt service requirements for the proposed bonds cannot exceed $60 per $100,000 of assessed value. If Measure “A” is approved, bonds may be issued in series and are required to be repaid within 40 years from the date they are issued. The maximum interest chargeable on the bonds is regulated by state law and is presently twelve percent (12%) per annum. The actual interest rates at which the bonds are sold will depend on the bond market at the time of each sale. The District proposes to issue and sell bonds in an aggregate amount not to exceed $4,000,000. Money raised by the sale of the bonds must be used exclusively to finance the list of projects described in the full text of Measure “A" which is included in this voter information pamphlet (the “Bond Project List”). When developing the Bond Project List, the District was required by state law to evaluate safety, class size reduction and information technology needs. Inclusion of a particular project on the Bond Project List, however, is not a guarantee that the project will actually be funded or completed. If Measure “A” is approved and bonds are issued and sold, the District will appoint a citizens’ oversight committee and conduct annual independent audits to assure that the funds are spent only on school and classroom improvements and for no other purposes. Approval of Measure “A" will have no effect on existing law, but will allow for the issuance and sale of bonds in accordance with the terms of existing law and Measure “A”. A “YES” VOTE MEANS that the District will be authorized to issue and sell the bonds. A “NO” VOTE MEANS that the District will not be authorized to issue and sell the bonds.[2] |
” |
| —Napa County Counsel[1] | ||
Full text
The full text of the measure is available here.
Path to the ballot
This measure was put on the ballot through a vote of the governing officials of Pope Valley Union Elementary School District, California.
Recent news
The link below is to the most recent stories in a Google news search for the terms Pope Valley Union Elementary School District Local school bonds. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.
See also
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External links
Footnotes
- ↑ 1.0 1.1 Voter's Edge, "What's on the ballot for Napa County: June 7, 2016," accessed June 3, 2016
- ↑ 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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