Measure Bond Q: Bond Q - Oroville City Elementary School District

Impartial analysis

IMPARTIAL ANALYSIS OF MEASURE Measure_ , an Oroville City Elementary School District ("District") general obligation bond measure, seeks voter approval to authorize the District to issue $16 million of bonds at legal rates. The primary purpose of the bonds is to finance school facilities projects as specified in the measure. Pursuant to Section 18 of Article XVI and Section 1 of Article XIIIA of the California Constitution, this measure will become effective upon the affirmative vote of at least 55% of the qualified electors voting on this measure. Education Code section 15100 restricts the use of the proceeds from the bonds sale to items such as building school buildings, improving school grounds, supplying school buildings and grounds with equipment, and acquiring real property for school facilities. In addition, proceeds may only be used for the projects listed in the measure. This measure provides that its proceeds will fund projects outlined in the measure (reproduced in the sample ballot pamphlet) that include, but are not limited to: the modernization, renovation, expansion, acquisition, construction/reconstruction, rehabilitation, and/or replacement of school facilities of the District, including the furnishing and equipping of school facilities at all existing sites of the District and all sites that may be acquired by the District in the future. Proceeds may not be used for any other purpose such as teacher salaries and other operating expenses. If 55% of those who vote on the measure vote "yes," the District will be authorized to issue bonds in the amount of $16 million. Approval of this measure will authorize a levy on the assessed value of taxable property within the District by an amount needed to pay the principal and interest on the bonds each year that the bonds are outstanding. The Tax Rate Statement for Measure _ in this sample ballot pamphlet reflects the District's best estimates, based upon currently available data and projections, of the property tax rates required to service the bonds. The best estimate of the tax rate required to be levied to fund the bonds is $16.28 per $100,000 of assessed valuation and the bonds issued pursuant to this measure are not expected to increase the current tax rate in the District. The final fiscal year in which it is anticipated that the tax will be collected is 2059-60. The best estimate of the total debt service, including principal and interest, that would be required to be repaid if all the bonds are issued and sold will be approximately $33,635,000. The Board of Trustees ("Board") will appoint a citizens' oversight committee to ensure that the bond proceeds are spent for the projects listed in the measure. The Board will also conduct annual, independent performance and financial audits. If 55% of those voting on this measure do not vote for approval, the measure will fail and the District will not be authorized to issue the bonds. This measure is placed on the ballot by the governing board of the District. Brad J. Stephens Cou ounsel The above statement is an impartial analysis of Measure_ . If you desire a copy of the measure, please call Butte County Elections at [phone number omitted] or [phone number omitted] within Butte County and a copy will be mailed to you at no cost. You may also access the full text of the measure at the following website address: http://buttevotes.net.

Official ballot arguments

Filed for the official voter guide by each side, printed as submitted.

The official arguments will appear here once both sides’ arguments are on file.