Measure M Information

Bond Oversight

Measure M Information

HOW MUCH?

Amount of general obligation bonds to be issued: $160 million
Rate based on average assessed value, not market value.
Estimated tax rate per $100,000 of assessed value: $9.73
On average, each property owner in the college’s service area will pay an additional $30 per year.

ELECTION FACTS

The Santa Clarita Community College District Board of Trustees voted (4-0) to move forward with a general obligation bond measure on Aug. 9, 2006.
Date of election: Tuesday, November 7, 2006
Measure M received the required 55-percent majority in 147 of 150 voter precincts.

PROP 39 REQUIREMENTS

Requires approval of 55 percent of the district’s voters.
Funds may not be used for administrative or faculty/staff salaries.
Requires a citizens’ oversight committee and financial audits.
All money will improve College of the Canyons – nothing goes to the state.

WHAT IS IT FOR?

Measure M is needed to maintain and improve the high standard of education at College of the Canyons by:
Adding classrooms for core classes
Adding labs and improving technology to expand public safety and other skilled, high-demand professions
Improving earthquake, security and fire safety
Improving disabled access
Repairing plumbing, duct-work, roofs, walls and floors
Helping secure millions of dollars in state matching funds that will otherwise be lost

COLLEGE FACTS

• Student population: more than 14,000 per semester (2011)
• First classes: 1969
• Valencia campus opened: 1971
• Canyon Country campus opened: 2007
• University Center opened: 2009
• AA/AS programs: 73
• Disciplines/majors: 70
• Certificates of achievement: 40
• Certificates of competency: 3
• Certificates of specialization: 30
• Certificates of completion: 3
• Online classes: More than 139, serving approximately 2,894 students
• Number of business partners: 500 annually
• Intercollegiate sports: 16 (split equally amoung men and women)
• Faculty and staff: more than 900
• Academy of the Canyons: More than 1000 high school students attend each year to get a head start on their college careers.
• Value: College of the Canyons provides top-quality, higher education locally at a fraction of the cost of University of California or California State University systems, saving tax dollars and tuition funds.
• Local economic impact: The college boosts the local economy, providing employers with well-trained professionals.
• College image: In recent surveys, the community gives College of the Canyons very high ratings in meeting community needs for higher education.