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March 3, 2020 — Primary Election
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Special District

Fullerton School District
Measure J Bond Measure - 55% Approval Required

To learn more about measures, follow the links for each tab in this section. For most screenreaders, you can hit Return or Enter to enter a tab and read the content within.

Election Results

Failed

14,522 votes yes (48.4%)

15,476 votes no (51.6%)

100% of precincts reporting (54/54).

29,998 ballots counted.

To repair aging classrooms/facilities at Fullerton elementary/middle schools including deteriorating roofs, plumbing, electrical systems; improve student safety and security; upgrade, acquire, construct, and equip classrooms, labs, libraries, sites/facilities to support student achievement in science, math, arts, and technology; shall Fullerton Elementary School District's measure authorizing $198,000,000 in bonds at legal rates, levying 3 cents per $100 assessed value ($11 million annually) while bonds are outstanding, be adopted, with citizen oversight and all money staying local?

What is this proposal?

Measure Details — Official information about this measure

YES vote means

A “YES” vote is a vote in favor of authorizing the District to issue and sell $198,000,000 in general obligation bonds.

 

NO vote means

A “NO” vote is a vote against authorizing the District to issue and sell $198,000,000 in general obligation bonds.

Impartial analysis / Proposal

Fullerton Elementary School District  Measure J

This measure was placed on the ballot by the governing board (“Board”) of the Fullerton Elementary School District (“School District”). This measure, if approved by 55 percent of the votes cast on the measure, will authorize the District to issue and sell $198,000,000 in general obligation bonds. The sale of these bonds by the School District represents a debt of the School District.

Voter approval of this measure will also authorize an annual tax to be levied on taxable property in the School District to generate revenue to pay principal and interest on the bonds. The School District’s stated best estimate in its tax rate statement of the average annual tax rate required to fund the bonds is $30 per $100,000 of assessed value. The School District’s best estimate of the highest annual tax rate required to fund the bonds is $30 per $100,000 of assessed value.

Proceeds from the sale of bonds authorized by this measure may only be used by the School District for 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. A complete list of the projects and allowed expenditures, which bonds proceeds may be spent on, is included in the full text of the measure. The Board has evaluated safety, class size reduction, classroom, educational and information technology needs in developing its project list.

The California Constitution provides that proceeds of school district bond measures cannot be used for teacher or administrator salaries or other operating expenses and requires independent annual performance and financial audits. State law requires the establishment of an independent citizens oversight committee for ensuring that bond proceeds are expended as specified in the measure and as provided by law.

A “YES” vote is a vote in favor of authorizing the District to issue and sell $198,000,000 in general obligation bonds.

A “NO” vote is a vote against authorizing the District to issue and sell $198,000,000 in general obligation bonds.

Tax rate

Fullerton Elementary School District Measure J

An election will be held in the Fullerton Elementary School District (the “District”) on March 3, 2020, to authorize the sale of up to $198,000,000 in bonds of the District to finance school facilities as described in the proposition. If the bonds are approved, the District expects to issue the bonds in multiple series over time. Principal and interest on the bonds will be payable from the proceeds of tax levies made upon the taxable property in the District. The following information is provided in compliance with Sections 9400 through 9405 of the California Elections Code.

1. The best estimate of the average annual tax rate that would be required to be levied to fund this bond issue over the entire duration of the bond debt service, based on assessed valuations available at the time of filing of this statement, is 3 cents per $100 ($30 per $100,000) of assessed valuation. The final fiscal year in which the tax to be levied to fund this bond issue is anticipated to be collected is fiscal year 2052-53.

2. The best estimate of the highest tax rate that would be required to be levied to fund this bond issue, based on estimated assessed valuations available at the time of filing of this statement, is 3 cents per $100 ($30 per $100,000) of assessed valuation in fiscal year 2020-21.

3. The best estimate of the total debt service, including the principal and interest, that would be required to be repaid if all of the bonds are issued and sold is approximately $361,424,563. Voters should note that the estimated tax rate is based on the ASSESSED VALUE of taxable property on the County of Orange official tax rolls, not on the property’s market value. Property owners should consult their own property tax bills to determine their property’s assessed value and any applicable tax exemptions.

Attention of all voters is directed to the fact that the foregoing information is based upon the District’s projections and estimates only, which are not binding upon the District. The actual tax rates, debt service and the years in which they will apply may vary from those presently estimated, due to variations from these estimates in the timing of bond sales, the amount of bonds sold and market interest rates at the time of each sale, and actual assessed valuations over the term of repayment of the bonds. The dates of sale and the amount of bonds sold at any given time will be determined by the District based on need for construction funds and other factors. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale. Actual future assessed valuation will depend upon the amount and. value of taxable property within the District as determined by the County Assessor in the annual assessment and the equalization process.

Dated: December 3, 2019.

s/ Dr. Robert Pletka

Superintendent, Fullerton Elementary School District

Published Arguments — Arguments for and against the ballot measure

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