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ARGUMENT ON MEASURE “AA”


Click Here to get the whole document including all the Legal Mumbo Jumbo

 

Please vote NO on Riverside County Measure AA to be presented before the voters of the Mt. San Jacinto Community College District at the General Election scheduled to be held on November 4, 2014.

ARGUMENT AGAINST MEASURE “AA”

A vote in favor of this Controversial Bond Measure means Higher Taxes. Measure “AA” means that WE Assume the Obligation to Repay $Millions of Dollars in Debt issued on behalf of Mt. San Jacinto Community College – in addition to Interest and Debt Servicing – which makes Payback on Bonds as high as 1½ to 2 times the Original Debt.


So although MSJC will have roughly $300 $Million to Spend, the Money WE are Obligated to Repay could reach nearly $600 $Million – which Bottom Line remains Unknown because MSJC Neglects to Disclose specifics of this ‘Minor’ detail. Bond issuers and Wall Street types are Salivating over Stuffing their pockets full of Your Cash.
Measure “AA” also means OUR Homes become Collateral for Repayment of these Bonds. Bond Holders gain a legal Right to Foreclose and Auction off OUR Homes to Secure Debt Payments in event of Default. So if You become short on Funds and choose “Extravagances” such as food, clothing, health care, rent, car payments or gasoline over Repaying MSJC’s Bond, You will risk Foreclosure and having Your Home Sold off at a Public Auction to Repay Bonded Indebtedness.


Measure “AA” is swirling in Controversy even before ink dries on the ballots. The MSJC Board of Trustees could Not even reach a consensus on their Decision to load You Down with more Debt. The vote was 4-1, with Trustee Eugene Kadow voting NO on Bonds. MSJC is among the Lowest performing Junior Colleges Statewide.
They manage resources Poorly and have left $Millions in State Funding on the table by Failing to increase Class Sections. Now they want You to Backfill their Underperformance with Bonds – Adding ways for You to Lose your $Money and Possibly even Your Home. Enough is enough.

Please join US in voting NO on Measure “AA”.

 

REBUTTAL TO ARGUMENT AGAINST MEASURE “AA”

Don’t believe all the political rhetoric you hear. Yes on “AA” helps our
students, veterans, and college in a fiscally responsible manner!
The fact is, in the last four years, the state has cut millions of dollars
from Mt. San Jacinto College.


This is why the community is united behind Yes on “AA”. Business
leaders, veterans, city leaders, residents, taxpayers, teachers,
students, and homeowners all support Measure “AA”.


FACT: Measure “AA” is fiscally sound and has strict Fiscal
Accountability requirements including an expanded Citizens Oversight
Committee and annual financial audits ensuring money is spent as
promised. NO money will go towards salaries or pensions.


FACT: Yes on “AA” expands essential job training and workforce
preparation skills in nursing, science, technology, engineering and math
to meet the needs of our local, regional employers. A skilled workforce
helps attract more high paying jobs and businesses to our region!


FACT: Mt. San Jacinto College is recognized as one of only three
California community colleges as a top serving military friendly college.
Yes on “AA” helps provide job training and education for our returning
military veterans.


Mt. San Jacinto College is recognized as one of the top community
colleges in the country. The college is a national leader in helping
returning veterans reintegrate with their education and careers. Join us
in voting Yes on “AA” to upgrade and expand services and job training
to veterans and others.


Our economic vitality, our kids’ futures, and the quality of life in our
region depend on you voting Yes on

ARGUMENT IN FAVOR OF MEASURE “AA”

In the last four years, the state has cut millions of dollars from Mt. San Jacinto Community College. We won’t stand for this, and can’t rely on Sacramento politicians to help our local colleges—vote YES on “AA”!


Do you think it’s difficult to get a job in today’s slowly recovering economy? We sure do! Vote YES on “AA” to expand essential job training and workforce preparation skills in nursing, science, technology, engineering and math to meet the needs of our local, regional employers. A skilled workforce helps attract more high paying jobs and businesses to our region

.
YES on “AA” ensures that our tax dollars stay local to address our area’s educational and job training needs. Sacramento is legally prohibited from taking Measure “AA” funds!


YES on “AA” helps provide job training and education for our returning military veterans. It is shameful how the federal government is treating our war veterans. Mt. San Jacinto College is a national leader in helping returning veterans reintegrate with their education and careers. It upgrades and expands veteran services and job training so returning veterans receive the support they need to complete their education and enter the civilian workforce.


YES on “AA” will:
Improve our nationally-recognized, award-winning education by expanding our transfer preparation and career training opportunities/increasing partnerships with area employers to fill local job training needs
Benefit students from EVERY region in the District
Double the college’s student capacity
Upgrade leaky roofs and bathrooms
Upgrade outdated nursing labs, paramedic, 9-1-1, law enforcement and job training classrooms
Ensure disabled accessibility


YES on “AA”’s strict Fiscal Accountability requirements include an expanded Independent Citizens’ Oversight Committee and annual financial audits ensuring money is spent as promised. No money will go towards salaries or pensions and ALL money will stay local to address our region’s education and job training needs.

 

 

REBUTTAL TO ARGUMENT IN FAVOR OF MEASURE “AA ”

While State Funding was curtailed following the “Great Recession,” Bond Proponents Falsely Argue that MSJC received only cuts during the past 4 years. Rather, the 2014-15 State Budget increases Funding by almost $1 Billion, or about 11 Percent over the previous year. “I’m calling it a Grand Slam,” said Scott Lay, President of the Community College League of California, a Nonprofit Association for Community College Districts Statewide. “It freezes tuition and brings us back to the Funding Levels of 2007-2008.” Budget Increases Include:


• $155.2 Million to fund a 3 percent restoration of access allowingColleges to add approximately 70,000 students.


• $48.5 Million to fund a Cost of Living Adjustment of 0.86 percent.


• $175 Million for deferred maintenance and instructional equipment.


• $235.6 Million reduction in payment deferrals, combined with $356.8 million proposed in one-time funds for this purpose.


• $39 Million in Proposition 39 funds for energy efficiency and workforce development projects.


• $2.5 Million for local technical assistance supporting\ implementation of effective student success practices, with priority placed on underperforming districts.


• $1.1 Million and nine new Chancellor’s Office positions to develop student success indicators and monitor College/District performance.


• $50 Million in one-time funding for incentive awards recognizing models of innovation in Higher Education.


• NO student fee increase for the 2014-15 Academic Year. State Funding is Rebounding to Pre-Recession Levels. It’s the WRONG time to Burden Locals with More Debt and Higher Taxes. Please Vote NO on Measure “AA”

 

 

Measure AA Riverside County

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