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Walnut Valley Unified School District Bond Issue, Measure O (November 2015)

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Measure info

Amount: $208 million
Tax: $31-$60 per $100,000
Matures in: 25-40 years

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A bond issue question was on the ballot for Walnut Valley Unified School District voters in Los Angeles County, California, on November 3, 2015. It was defeated by a margin of 1.6 percent.

If approved, Measure O would have authorized the district to increase its debt by up to $208 million through issuing general obligation bonds in that amount. District officials estimated that the property tax required to repay the bonds would have been between $31 and $60 per $100,000 of assessed valuation. District officials estimated that the interest for the bond issue would have amounted to $277,866,750, resulting in a total cost to the taxpayers, principal and interest, of $485,866,750.[1]

In 2007, district voters approved Measure S,a $64.6 million Academic Facilities bond measure, and Measure Y, a $15.2 million Physical Education Facilities bond measure.[2]

As of the 2011-2012 academic year, Walnut Valley Unified School District served 14,658 students in 15 schools. In the 2013-2014 fiscal year, the district had an annual budget of $136.7 million.[3]

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

Election results

Walnut Valley USD, Measure O
ResultVotesPercentage
Defeatedd No2,14046.58%
Yes 2,454 53.42%
Election results from Office of the Los Angeles County Clerk

Text of measure

Ballot question

The following question appeared on the ballot:[4]

Walnut Valley Local School Improvement Measure. To upgrade facilities to maintain excellent education/college readiness by providing facilities/technology for advanced math, science, engineering, upgrading outdated classrooms, science labs, libraries, computer systems, improving school safety/security, and repairing, constructing/acquiring classrooms, facilities, equipment, shall Walnut Valley Unified School District issue $208 million in bonds at legal rates, with independent citizen oversight, no money for administrator salaries, and all funds used for neighborhood schools in/around Diamond Bar and Walnut?[5]

Tax rate statement

The full text of the tax rate statement for the Measure O bond issue is available on the last page of the document linked here.

Full text

The full text of the resolution calling for Measure O and full text of the bond issue ordinance are available here.[1]

District budget

The table below displays the 2013-2014 budget for Walnut Valley Unified School District:[3]

Expenditures by Category
School Year Staff Expenses Student Services Operational Expenses Debt Service Other Budget Total
Total % of Budget Total % of Budget Total % of Budget Total % of Budget Total % of Budget
2013-2014 $98,421,611 72% $0 0% $23,067,424 16.9% $10,515,029 7.7% $4,760,296 3.5% $136,764,360
Averages: $98,421,611 72% $0 0% $23,067,424 17% $10,515,029 8% $4,760,296 3% $136,764,360

Path to the ballot

Measure O was put on the ballot by a vote of the district's board of trustees.

Recent news

The link below is to the most recent stories in a Google news search for the terms Walnut Valley Unified School District Measure O. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.

See also

External links

Footnotes