Impartial Analysis for Measure JJ
COUNTY COUNSEL'S IMPARTIAL ANALYSIS OF MEASURE JJ
Measure JJ would authorize issuance of $27,500,000 in bonds to fund school facilities projects in the Mount Pleasant Elementary School District (District). Such bonds are financial instruments used by school districts to borrow money that is repaid by a property tax levy. California law allows school districts to propose bond measures to authorize the issuance of bonds. To pass, the Measure must be approved by 55 percent of voters who vote in the election. The Measure was put on the ballot by Board of Trustees (Board) of the District.
Money generated by the bonds can only be used for the purposes that are set out in the full text of the Measure. The Measure states that the money could be used, among other things to:
- Renovate, repair, and upgrade school buildings, bathrooms, classrooms, and libraries;
- Install energy-efficient systems; and
- Upgrade classroom equipment and technology.
A complete list of projects and allowed expenditures is included within the full text of the Measure. The Board has declared that it has evaluated safety, class size, and information technology needs in developing its project list.
Under the California Constitution, money generated by school district bond measures cannot be used for teacher and administrator salaries or pensions, or other school operating expenses. The California Constitution requires the District to hire an independent professional to annually examine how the District is spending bond money. State law also requires the District to establish an independent citizens' oversight committee to ensure that money generated by the bonds is used only for the projects included in the Measure.
The bonds will be repaid from taxes collected on property in the District. The amount of the tax paid will depend on the assessed value of the property. The District's best estimate of the highest tax rate to be collected to repay the bonds is $30.00 per $100,000 of the assessed value of the property. The District's best estimate of the total amount, including interest, that will be required to repay the bonds is $57,885,100. The District estimates that the final year that taxes will be collected to repay the bonds is fiscal year 2055-2056.
A "yes" vote is a vote to authorize the issuance of the bonds in the amount of $27,500,000 to be repaid by collection of taxes on property located within the District.
A "no" vote is a vote to not authorize the issuance of the bonds.
James R. Williams
By: /s/ Danielle L. Goldstein
Deputy County Counsel
Would love for you to read about Measure JJ.
Bond Oversight Committee Opening Information
Bond Oversight Committee Measure L to JJ Info
Mercury News Endorses Bond Measure JJ Info
Information from BallotPedia.org
Facts and Info
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August 12,2020 Presentation
File and Documentation:
Agenda Item 1.19.2019
Amended and Restated Bylaws
Resolution Entering Election Results
Resolution Approving Amended and Restated Bylaws
- Amended and Restated Bylaws