Important Facts About the Two Bond Measures on the November 4th, 2008 Ballots1. Measure Y – $265 million to be used for specific classroom and core academic facility renovations. The tax rate for this bond would be $35 per $100,000 of ASSESSED property value (not market value.)2. Measure Z – $90 million to be used for special school facility projects that will protect and enhance student safety and wellness, and provide specialized programs. The tax rate for this bond would be $13 per $100,000 of ASSESSED property value (not market value.)3. What is incredibly important to note here is that Voters estimated tax rates are based on the
ASSESSED VALUE of taxable property on the County€™s official tax rolls, not on the property€™s market value. Property owners should consult their own property tax bills and tax advisors to determine their property€™s assessed value.
4. For instance – if your home€™s ASSESSED Value (which is based on the amount you bought the home for as well as some other factors) is $100,000 than your annual cost for voting YES on Measures Y & Z would be $48.
5. Measures Y & Z require an “Independent Citizens’ Oversight Committee” and mandatory indepent annual audits to ensure funds are spent properly.
6. It is so important to our children & current property values to keep our schools in good condition.
Please Vote YES on Measures Y & Z on November 4th!
