Walnut Valley Unified School District Bond Issue, Measure O (November 2015)
| Measure info Amount: $208 million |
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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 | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| 2,140 | 46.58% | |||
| 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education/college readiness by providing facilities/technology for advanced math, science, engineering, upgrading outdated classrooms, science labs, libraries, computer systems, improving school safety/security, and repairing, constructing/acquiring classrooms, facilities,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
- Local school bonds on the ballot
- Walnut Valley Unified School District, California
- Los Angeles County, California ballot measures
- November 3, 2015 ballot measures in California
External links
Footnotes
- ↑ 1.0 1.1 Los Angeles County Elections Office, "Resolution calling for Measure O," accessed September 25, 2015
- ↑ Inside SoCal, "Walnut Valley needs help on Citizens’ Bond Oversight Committee," April 22, 2015
- ↑ 3.0 3.1 Walnut Valley Unified School District, "2013/2014 Proposed Budget," accessed December 9, 2013
- ↑ Los Angeles County Elections Office, “Measures appearing on the ballot on November 3, 2015,” accessed September 8, 2015
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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