| Measure E - Frequently Asked Questions
The following information is provided to assist in understanding the facts behind Measure E.
What is Measure E?
Measure
E is a $78.0 million general obligation (G.O.) bond program. This
measure is intended to address the needs of the student population
through modernization and renovation projects at all the District's
schools.
What is a General Obligation (G.O.) bond?
G.O.
bonds fund projects such as the renovation of existing classrooms and
school facilities, as well as construction of new schools and
classrooms. Similar to a home loan, G.O. bonds are typically repaid
over 25 to 30 years. The loan repayment comes from a tax on all taxable
property - residential, commercial, agricultural and industrial -
located within the District's boundaries.
Why can't the District meet its facilities needs with its current budget?
Today,
the scope of improvements needed at the Chico Unified School District
is far more than the current funding sources available. The per-pupil
funding which the District receives from the state is intended to be
used for the day-to-day business of educating children and not the cost
of upgrading, modernizing, and repairing facilities.
What will the passage of Measure E mean for our students and the community?
Measure
E will provide our students with a better learning environment by
making repairs and upgrades to existing classrooms and school
facilities; many of which are also used and available to the community
such as the libraries and playing fields.
Over
the last several months with input from staff, teachers, parents, and
community leaders, the District has prepared a School Facilities Needs
Analysis. The Needs Analysis identifies the major repairs and upgrades
that need to be made.
Examples of the specific types of projects identified include:
- Improving student access to computers and modern technology
- Repairing and replacing leaky roofs
- Replacing deteriorating plumbing systems
- Replacing energy inefficient heating, ventilation, and air-conditioning systems
- Modernizing outdated classrooms, restrooms and school facilities
What will Measure E cost?
Measure
E will not increase the current annual tax rate. Instead, it will
extend the estimated tax rate of $45.50 per $100,000 of assessed
valuation that property owners are currently paying.
How can I be sure that Measure E funds will be spent on improving our local schools?
By
law, all Measure E funds have to be spent locally and cannot be taken
by the state. Furthermore, an independent citizens' oversight committee
will be established to ensure that bond funds are properly spent.
Also, by law, there must be annual audits and no bond money can be used
for teacher or administrative salaries.
|