2013 CASBO ANNUAL CONFERENCE & SCHOOL BUSINESS EXPOThese materials have been prepared for the CASBO CBO Professional Council. They have not been reviewed by State CASBO for approval, so therefore are not an official statement of CASBO.

Planning for the 2014 G.O. Bond Election

Session #: CBO32 Date: Saturday, April 6

Time: 10:30 - 11:30 AM.

2013 CASBO ANNUAL CONFERENCE & SCHOOL BUSINESS EXPO 2

Introduction

• Ruth AlahydoianVice President

KNN Public Finance

Ralahydoian@knninc.com

• Beverly HeironimusAssistant Superintendent, Business Services

Dublin Unified School District

HeironimusBeverly@dublin.k12.ca.us

2013 CASBO ANNUAL CONFERENCE & SCHOOL BUSINESS EXPO 3

Why now?

• 2014 is an election year (yes, already!)

• Planning for a G.O. Bond is primarily the CBO’s responsibility.– Will also involve the Superintendent and the Facilities

Department.

• A successful bond measure requires laying the groundwork and building support.

• The time to start planning is NOW!

2013 CASBO ANNUAL CONFERENCE & SCHOOL BUSINESS EXPO 4

Big Picture – What’s involved?

• Pull the Team Together

• Determine facilities needs

• Get community input, sensitivities

• Determine bond projects, bond amount and tax rates

• Involve the community in the campaign

2013 CASBO ANNUAL CONFERENCE & SCHOOL BUSINESS EXPO 5

The ScheduleElection Dates

June 3, 2014 November 4, 2014

Form Bond Team - Facilities, Survey, Political, Financial, Legal Experts Spring 2013 Summer 2013

Identify needs/engage school sites in developing project list Spring 2013 February - April 2014

Form a committee of community and school leaders to develop budget and direction for campaign -- committee hires a campaign consultant (recommended) Spring 2013 February - April 2014

Hire a survey consultant to conduct a survey on voter sentiments, if desired Summer 2013 March 2014

Begin information campaign about conditions of schools Fall 2013 April 2014

Solicit parent, teacher, administrator and public comments Fall 2013 March - May 2014

Develop proposal for ballot measure - pull together project list and authorization amount Fall 2013 June 2014

Draft ballot measure and resolution January 2014 June 2014

Public discussion of specific projects on project list Jan-Feb. 2014 June 2014

District approves Resolution - MUST be approved 88 days before election day March 7, 2014 August 8, 2014

Election campaign March - June 2014 August - Nov 2014

ELECTION DAY June 3, 2014 November 4, 2014

Note: Actual deadline will vary by county.

2013 CASBO ANNUAL CONFERENCE & SCHOOL BUSINESS EXPO 6

What type of bond measure?• Proposition 39 Election:

– Requires 55% voter approval.– Maximum anticipate tax rate is constrained.– Must be held on a statewide primary, general or special election, or on a

regularly scheduled local election date.• June 3, 2014• November 4, 2014

• 2/3 Election:– Requires 66.67% voter approval.– No maximum tax rate restrictions.– Can be held on any Tuesday that is not within 45 days of a statewide election

date.

• Depending on whether other agencies have measures on the ballot, the District

may have to shoulder the cost of an election on its own.

2013 CASBO ANNUAL CONFERENCE & SCHOOL BUSINESS EXPO 7

Pull the Team Together

• Facilities planners – needs assessment, etc.

• Facilities program manager

• Survey consultant / pollster

• Campaign /political consultant

• Financial advisor and/or underwriter

• Bond counsel

2013 CASBO ANNUAL CONFERENCE & SCHOOL BUSINESS EXPO 8

Determine Facilities Needs

• Enrollment projections; new housing developments

• Site by site analysis for modernization

• Technology needs

• Charter school needs

• Program-specific needs

2013 CASBO ANNUAL CONFERENCE & SCHOOL BUSINESS EXPO 9

Get Community Input

• Community survey– Project specific feedback– Sensitivity to bond amounts and tax rates

• Meet with school communities– Staff– Parents

• Board discussions & workshops

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Determine bond projects, bond amount and tax rates

• Project list included in ballot is critical– Limits how/what/where bond funds can be spent– Creates expectations in the community

• Bond amount is the most that can be issued– May be constrained by statutory debt limit– Will be issued in series over time

• Projected tax rates are an estimate only– Rates are given as $dollars per $100,000 of assessed value.– Proposition 39 limits the rates to:

• $60 per $100,000 for unified school districts• $30 per $100,000 for elementary and high school districts• $25 per $100,000 for community colleges

2013 CASBO ANNUAL CONFERENCE & SCHOOL BUSINESS EXPO 11

Bond Measure

• Board must approve the measure at least 88 days before the election date.

• Bond measure must include:– Bond amount– Project list, including school sites and projects anticipated at

each site– Expected tax rate

• Once Board approves resolution, campaign takes over – District resources cannot be used for advocacy.

2013 CASBO ANNUAL CONFERENCE & SCHOOL BUSINESS EXPO 12

Involve the Community in the Campaign

• BRIGHT LINE YOU CANNOT CROSS: School district resources cannot be spent on advocating for a bond measure

• Information versus advocacy

• Personal time versus District time

• Fundraising

2013 CASBO ANNUAL CONFERENCE & SCHOOL BUSINESS EXPO 13

Election Day

• Victory! – County certifies election results.– Board certifies county results.– Oversight committee is established within 60 days.– Bond issuance process begins.

• Close but not quite…– Don’t be discouraged… it’s happened to the best of us.– Review polling results and re-evaluate program – projects,

amount, etc. to determine what worked, what didn’t.