Voter Guide for November 8, 2016

Presidential General Election

YUBA COMMUNITY COLLEGE DISTRICT

Measure Q


YUBA COMMUNITY COLLEGE DISTRICT
TAX RATE STATEMENT
MEASURE Q
An election will be held in Yuba Community College
District (the "District") on November 8, 2016 to
reauthorize the sale of $33,565,000 in general obligation
bonds previously approved by voters . The following
information is submitted in compliance with Sections
9400-9404 of the California Elections Code.
1. The best estimate of the tax rate that would be
required to fund this bond issue during the first fiscal
year after the sale of the first series of bonds, based on
estimated assessed valuations available at the time of
filing of this statement, is $.00918 per $100 ($9.18 per
$100,000) of assessed valuation in fiscal year 2017-18.
2. The best estimate of the tax rate that would be
required to fund this bond issue during the first fiscal
year after the sale of the last series of bonds, based on
estimated assessed valuations available at the time of
filing of this statement, is $.00918 per $100 ($9.18 per
$100,000) of assessed valuation in fiscal year 2017-18.
3. The best estimate of the highest tax rate that would
be required to fund this bond issue, based on estimated
assessed valuations available at the time of filing
this statement, is $.00918 per $100 ($9.18 per $100,000)
of assessed valuation.
4. The best estimate of the average tax rate required
to fund this bond issue, based on a projection of
assessed valuations available at the time of filing of
this statement, is
$.00918 per $100 ($9.18 per $100,000) of assessed
valuation.
5. 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 is $42,823,000.
These estimates are based on projections derived from
information obtained from official sources. The actual
tax rates and the years in which they will apply may vary
depending on the timing of bond sales, the amount of
bonds sold at each sale and actual increases in assessed
valuations. The timing of the bond sales and the amount
of bonds sold at any given time will be determined by
the needs of the District. Actual assessed valuations will
depend upon the amount and value of taxable property
within the District as determined in the assessment and
the equalization process.
Dated: June 27, 2016
/s/ Douglas Huston
Chancellor
Yuba Community College District

 



 


YUBA COMMUNITY COLLEGE DISTRICT
IMPARTIAL ANALYSIS BY THE SUTTER COUNTY
COUNSEL RELATING TO
MEASURE Q WHICH SEEKS APPROVAL TO ISSUE
AND SELL BONDS BY THE
YUBA COMMUNITY COLLEGE DISTRICT
This measure was placed on the ballot by the Board of
Trustees (Board) of the Yuba Community College District
(District). A “yes” vote is a vote to authorize bonds. A
“no” vote is a vote against issuing the proposed bonds.
On November 7, 2006, more than 55% of the voters
approved the issuance of general obligation bonds in the
amount of $190,000,000 (Measure J) for a variety of district
projects. Since that time, bonds have been issued in the
amount of $156,432,119 leaving $33,567,880 unissued.
The Board has determined that they will be unable
to issue the remainder of the approved bonds without
ssuing said bonds as long-term capital appreciation
bonds, which would result in excessive borrowing costs
mposed on the taxpayers in the District. The District has
determined that there continues to be an urgent need
to complete the projects approved by District voters
under Measure J and that no other district resources are
available to finance such projects.
If affirmed by 55% of the electorate in the District,
Measure Q will authorize the issuance of new general
obligation bonds in the maximum principal amount
of $33,565,000. Bond proceeds will be used to fund
projects included on the Bond Project List as set forth in
the measure. Bond proceeds will be used to modernize,
replace, renovate, construct, acquire, equip, furnish,
rebuild and otherwise improve educational and support
facilities within the District. Bond proceeds shall be used
only for the construction, reconstruction, rehabilitation or
replacement of school facilities, including the furnishings
and equipping of school facilities, or the acquisition or
ease of real property for school facilities. The Board has
certified that it has evaluated safety, class size reduction,
and information technology needs of the District in
developing the Bond Project List.
Approval of the bond measure does not guarantee that
any particular project will be funded beyond the local
revenues generated by the bond measure. The District's
proposal for the projects may assume the receipt
of matching state funds, which could be subject to
appropriation by the Legislature or approval of a statewide
bond measure. Bond proceeds may also be used for
other incidental costs associated with the listed projects,
ncluding election and bond issuance costs. Proceeds of
the bonds cannot be used for administrators' or teachers'
salaries or any other school operating expenses.
The Board will conduct independent annual performance
and financial audits, and appoint an independent
citizens' oversight committee to ensure bond proceeds
are expended as promised and specified.
If Measure Q is affirmed, the District has covenanted
that it will cancel and shall not authorize the issuance of
Measure J Bonds in a like amount.
Measure Q will not otherwise affect existing law. This
analysis is submitted by the Sutter County Counsel as
required under Elections Code section 9500.
Dated: July 28, 2016
/s/ Jean Jordan, County Counsel
“The above statement is an impartial analysis of
Measure Q. If you desire a copy of the Ordinance or
Measure, please call the elections official's office at
(530) 757-5648 and a copy will be mailed at no cost to
you.”

 


YUBA COMMUNITY COLLEGE DISTRICT
ARGUMENT IN FAVOR OF MEASURE Q
Vote Yes on Measure Q!
In 2006, voters overwhelmingly passed a general obligation
bond to improve what are among our communities' most
important assets – our local community colleges. Since
then, tremendous improvements have been made in
repairing, rehabilitating and upgrading Yuba Community
College District campuses serving Butte, Colusa, Glenn,
Lake, Placer, Sutter, Yolo and Yuba Counties.
But much remains to be done.
Measure Q will let us continue the job of improving our
community colleges by reauthorizing $33.6 million of
previously approved bonds, while saving taxpayers
millions of dollars and without increasing the District's
total authorized debt.
Measure Q will improve our community college campuses
by:
- Repairing leaky roofs and deteriorating plumbing
- Upgrading science, math, engineering, technology
and vocational education classrooms
- Improving and expanding facilities for nursing and
health care training
- Expanding classrooms for good paying careers in
construction, agriculture, police science and firefighting
that will contribute to our local economy
Measure Q will protect taxpayers by:
- Making our local college projects eligible for State
matching funds
- Requiring annual audits and independent citizen
oversight of the funds
- Allowing the district to complete projects sooner and
at today's low interest rates
- Prohibiting funds from going to administrators'
salaries, pensions or benefits
- Imposing tough legal safeguards requiring all monies
to be spent on our local colleges
- Prohibiting the State from taking the funds and
spending them elsewhere
Today's community colleges are more important than
ever in providing citizens a path to compete in today's
new economy.
Vote Yes to stimulate our local economies.
Vote Yes to improve programs to keep pace with today's
rapidly changing workplace.
Vote Yes for increased property values and home prices.
Vote Yes to help produce a prepared and well-educated
workforce of tomorrow.
Please Vote Yes on Measure Q to continue repairing and
upgrading our local community college campuses.
/s/ Hardial Dulay, Retired Educator and
Grand Jury Member
/s/ Jesse Ortiz, Yolo County Superintendent of Schools
/s/ Marlin H. Davies, Woodland City Council

 


YUBA COMMUNITY COLLEGE DISTRICT
REBUTTAL TO ARGUMENT IN FAVOR OF
MEASURE Q
Make no mistake -- Measure Q is a NEW bond.
The nation-wide economic downturn started in 2007
continues to this day. Now is not the time to put more
tax burden on you. A new Series D assessment under
Measure J for $26,500,000 issued last spring will show
up on your 2016 tax bill for the first time this fall. Now the
District wants to add $33,565,000 more with Measure Q
which will cost a total of $42,823,000 when interest and
administrative costs are added.
Proposition 39 passed in 2000 requires a "list of the
specific school facilities projects to be funded" when
asking voters to pass school bonds. The laundry list of
projects proposed for Measure Q is lengthy and extremely
general under the heading “renovation, modernization,
repair and construction of school facilities.” The list does
not include specifics as to buildings or campus locations
as required. Routine maintenance items such as replacing
roofs, flooring, ceilings, electrical, plumbing, and paving
should be handled through annual maintenance.
The District has not been good stewards of our tax dollars.
Remember the capital appreciation bonds issued under
Measure J wherein a $4.6 million bond would cost $54
million in interest?
Finally, how will having you pay larger Yuba College
assessments increase property values and home prices as
claimed in this argument? Not even realtors claim buyers
pay more for homes in college districts. Like the rest of it,
the District is just making it up.
Vote No on Measure Q http://bit.ly/NoYubaBond
/s/ James Seif, Retired Military
/s/ Kim Ross, Retired Public School Teacher/ LEO
/s/ Keith Gravel, Tax Payer
/s/ Lawrence Mertz, Tax Payer
/s/ Patricia A. Miller, President, Sutter County Taxpayers
Association

 


YUBA COMMUNITY COLLEGE DISTRICT
ARGUMENT AGAINST MEASURE Q
Don't be deceived. Plain and simple -- there is no pro-
vision in state law for “reauthorizing” bonds. This is a
NEW bond.
State law, Proposition 39, passed by the voters in 2000,
prohibits community colleges from issuing bonds where
the cost would exceed a property owner's payment of
more than $25 per $100,000 of assessed value.
Measure J for $190 million was passed by the voters in
2006. So far, there have been four bond issuances for a
total of $156,432,120.
Series A - $29,504,047 – Issued May 22, 2007
Series B - $65,492,278 – Issued May 22, 2007
Series C - $34,935,795 – Issued July 12, 2011
Series D - $26,500,000 – Issued April 19, 2016 -- not on
tax bills yet.
Because property values and new construction have not
happened as anticipated, the District cannot issue more
bonds under Measure J because your cost would exceed
the $25 per $100,000 in assessed valuation.
In order to get around Proposition 39 restrictions, The
District is asking you to approve a NEW bond measure.
Approval of this new bond measure would create a
separate $25 per $100,000 tax rate limitation, thus
doubling the tax rate authority which, in turn, will increase
the amount of taxes you pay.
In reviewing the list of projects to be funded by Measure
Q, they appear to be primarily maintenance and routine
improvements. There are no new facilities or major
programs.
The District promises not to issue more bonds under
Measure J, but the new tax created by Measure Q will
certainly increase the amount of taxes we pay.
As stated in the Board's June 9, 2016 meeting minutes,
the alternative is for the District to wait until assessed
values increase to issue the remaining authority under
Measure J.
Vote No on Measure Q! http://bit.ly/NoYubaBond
/s/ James Seif, Retired Military
/s/ Lawrence Mertz, USAF Retired
/s/ Keith Gravel, Tax Payer
/s/ Kim Ross, Retired Public School Teacher, LEO
/s/ Patricia A. Miller, President
Sutter County Taxpayers Association

 


YUBA COMMUNITY COLLEGE DISTRICT
REBUTTAL TO ARGUMENT AGAINST MEASURE Q
It's not that complicated.
Measure Q will not increase total District debt by one
penny.
Ten years ago, voters passed Measure J, which helped
repair and rehabilitate classrooms and colleges throughout
Yuba Community College District. However, drastic
shifts in property values during the Great Recession
delayed issuance of the last portion of Measure J bonds
due to State-mandated restrictions. If passed by voters,
the District legally will be required to replace the unused
Measure J bonds with bonds approved under Measure Q.
No additional debt can be created and no more Measure
J bonds will be sold.
Measure Q will save millions.
Measure Q wilflsave taxpayers millions of dollars by
slashing borrowing costs through the use of short-term
loans at low interest rates. Responsibly, Measure Q will
not burden future generations.
Measure Q is a prudent investment in our community.
Measure Q will allow us to continue the job of improving
our community colleges with projects that go far
beyond “routine maintenance” including upgrading
science, math, engineering, technology and vocational
education classrooms and expanding nursing and health
care training facilities. Measure Q also will create new
construction jobs that will boost our local economy.
The decision is yours.
By smartly reauthorizing $33.565 million of bonds that
WERE ALREADY APPROVED by voters in 2006, but
which were never issued, we can continue the job of
improving our local community colleges and ensure that
we get the best, most fiscally responsible deal possible.
The decision is clear. Vote YES on Measure Q!
/s/ Hardial Dulay, Retired Educator and
Grand Jury Member
/s/ Steven Durfor, Sheriff - Coroner
/s/ Jesse Ortiz, Yolo County Superintendent of Schools
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