Measure H: MEASURE H - Plumas Lake Elementary School District

In plain language

Measure H is a school bond for Plumas Lake Elementary School District. A YES vote lets the district borrow $9 million to build and furnish a gymnasium for the new Plumas Lake Junior High School. Earlier parts of the school were paid for by builder fees and state funds, not this tax. It requires audits and public spending disclosures. A NO vote means the district does not get this money to build the gymnasium.

Fiscal impact

The bond would cost property owners about $12 per $100,000 of assessed value each year. It would raise about $426,000 each year while the bonds are owed.

Impartial analysis

Resolution 25-17 (the “Resolution”) seeks voter approval for the Plumas Lake Elementary School District (the “District”) to issue and sell bonds in the maximum principal amount of up to $9 million at interest rates not to exceed the legal limits. The proc eeds from the sale of the bonds will be used only for the purposes of acquisition, construction, reconstruction, rehabilitation, o r replacement of school facilities, and may not be used for teacher or administrator salaries, or operating costs. The projects for which the proceeds are to be used are listed in Exhibits A and B of the Resolution, which include the construction and furnishing of a new gymnasium for Plumas Lake Junior High School. The Resolution would require that the District will conduct annual audits and establish an independent citizens’ oversight committee with specified membership requirements to ensure bond proceeds are expended only on the types of school facilities projects listed. The District intends to pursue State funding in the event and to the extent it is available. Upon voter approval, the tax levy authorized to secure the bonds of this election shall not exceed Proposition 39 limits per $100,000 of taxable property in the District when assessed valuation is projected by the District to increase in accordance with Ar ticle XIIIA of the California Constitution. The tax will be levied at an estimated annual tax rate of $12 per $100,000 of assessed valuat ion, generating approximately $426,000 annually while bonds are outstanding. The Resolution requires approval by at least 55% of the registered voters voting on the Resolution for passage. The Resolution was placed on the ballot by the District Board of Trustees. Janet Bender Yuba County Counsel MEASURE H Plumas Lake Elementary School District TAX RATE STATEMENT An election will be held in the Plumas Lake Elementary School District (the "District") on November 3, 2026, to authorize the sale of up to $9 million in bonds of the District to finance school facilities as described in the measure. If such bonds are authorized and sold, principal and interest on the bonds will be payable only from the proceeds of ad valorem 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. Such information is based upon the best estimates and projections presently available from official sour ces, upon experience within the District, and other demonstrable factors. Based upon the foregoing and projections of the District's assessed valuation, the following information is provided: 1. The best estimate of the average annual tax rate which would be required to be levied to fund this bond issue over the entire duration of the bond debt service, based on a projection of assessed valuations available at the time of filing of this statement, is $12.54 per $100,000 of assessed valuation. The final fiscal year in which the tax is anticipated to be collected is 2056-57. 2. The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on a projection of assessed valuations available at the time of filing of this statement, is $19 per $100,000 of assessed valuation. It is estimated that such rate would be levied in fiscal year 2028- 29 through 2032-33. 3. The best estimate of the total debt service, including the principal and interest, that would be required to be repaid if all the bonds are issued and sold is approximately $17.5 million. Voters should note the estimated tax rate is based on the assessed value (not market value) of taxable property on Yuba County's official tax rolls. In addition, taxpayers eligible for a property tax exemption, such as the homeowner's exemption, will be taxed at a lower effective tax rate than described above. Property owners should consult their ow n property tax bills and tax advisors to determine their property's assessed value and any applicable tax exemptions. The attention of all voters is directed to the fact that the foregoing information is based upon projections and estimates only, which amounts are not maximum amounts and are not binding upon the District. The actual debt service, tax rates and the years in which they will apply may vary from those used to provide the estimates set forth above, due to factors such as variations in the timing of bond sales, the par amount of bonds sold and market interest rates available at the time of each sale, actual assessed valuat ions over the term of the bonds, and other factors. The date and amount of bonds sold at any given time will be determine d by the District based on the need for project funds and other considerations. The actual interest rates at which the bonds will be s old will depend on conditions in the bond market at the time of sale. Actual future assessed valuations will depend upon the amount and value of taxable property within the District as determined by the Yuba County Assessor in the annual assessment and the equalization process. Dated: May 16th 2026. /s/ Jeff D. Roberts Superintendent, Plumas Lake Elementary School District MEASURE H Plumas Lake Elementary School District Arguments and rebuttals are the opinions of the authors. Arguments are printed exactly as submitted.

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.