Measure “J” Bond Overview
Voter approval of this Measure will authorize the Governing Board of the Chowchilla Elementary School District (the "District") to issue and sell bonds in the maximum amount of Thirteen Million Dollars ($13,000,000.00), bearing interest at legal rates. The bond proceeds may be expended to construct District facilities, repair, reconstruct, rehabilitate or replace older District facilities. Bond proceeds may also be used in the furnishing and equipping of facilities.
The Measure describes the specific projects the District proposes to finance with the proceeds from the sale of the bonds. The District may only use bond proceeds for the purposes specific in the Measure. The bond proceeds may not be used for any other purpose, including teacher, faculty or administrator salaries or other District operating expenses. Inclusion of a specific listed project does not guarantee the project will be funded or completed. This measure would require annual independent performance and financial audits of the use of bond proceeds and the appointment of an independent citizens' oversight committee.
Information regarding the estimated tax rate to repay these bonds is found in the "Tax Rate Statement" prepared by the District. The projected tax rate is a best estimate from official sources.
The actual tax rate necessary to pay for the Bond Measure may vary depending on factors stated in the Tax Rate Statement.
The Measure makes no change to existing law and it must be approved by at least 55% of the eligible votes cast or the bonds will not be issued. This Measure was placed on the ballot by order of the Governing Board of the District.
Measure J was passed in 2016.
Thank you for your interest and support of the Chowchilla Elementary School District!
(please click on the link below to view the Bond Measure in English and Spanish)