Planning for the 2014 G.O. Bond Election Session #: CBO32 Date: Saturday, April 6 Time: 10:30 - 11:30 AM. These materials have been prepared for the CASBO CBO Professional Council. They have not been reviewed by 2013 CASBO & official SCHOOL BUSINESS EXPO State CASBO for ANNUAL approval, soCONFERENCE therefore are not an statement of CASBO. Introduction • Ruth Alahydoian Vice President KNN Public Finance Ralahydoian@knninc.com • Beverly Heironimus Assistant Superintendent, Business Services Dublin Unified School District HeironimusBeverly@dublin.k12.ca.us 2013 CASBO ANNUAL CONFERENCE & SCHOOL BUSINESS EXPO 1 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 2 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 3 The Schedule Election 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 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 March - June 2014 August - Nov 2014 June 3, 2014 November 4, 2014 Hire a survey consultant to conduct a survey on voter sentiments, if desired Election campaign ELECTION DAY Note: Actual deadline will vary by county. 2013 CASBO ANNUAL CONFERENCE & SCHOOL BUSINESS EXPO 4 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 5 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 6 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 7 Get Community Input • Community survey – Project specific feedback – Sensitivity to bond amounts and tax rates • Meet with school communities – Staff – Parents • Board discussions & workshops 2013 CASBO ANNUAL CONFERENCE & SCHOOL BUSINESS EXPO 8 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 9 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 10 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 11 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. 2013 CASBO ANNUAL CONFERENCE & SCHOOL BUSINESS EXPO 12