West Contra Costa Unified School District

General Obligation Bonds - Projected Tax Levied Per $100,000 of Assessed Valuation assuming 2% AV Growth***

District Assessed Valuation

Actual and Projected AV

Measure E Previously Approved by

Voters in 1998
1998 Measure E - $40,000,000
1998 Measure E

1998 Measure E

Measure M Previously Approved by

Voters in 2000
2000 Measure M - $150,000,000
2000 Measure M

2000 Measure M

Measure D Previously Approved by

Voters in 2002
2002 Measure D - $300,000,000
2002 Measure D

2002 Measure D

Measure J Previously Approved by

Voters in 2005
2005 Measure J - $400,000,000
2005 Measure J

2005 Measure J

2010 Measure D

All Measures

2012 Measure E - $360,000,000

2012 Measure E

2012 Measure E

Combined
Total

AV

District

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Growth Rate

AV

$100,000 of AV***

Debt Service

$100,000 of AV***

Debt Service(2)

$100,000 of AV***

Debt Service(2)

$100,000 of AV***

Debt Service (1), (2)

$100,000 of AV***

Debt Service

$100,000 of AV***

Debt Service

$100,000 of AV***

Debt Service

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053

-12.26%
-7.66%
1.11%
6.60%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%

$23,745,753,348
21,927,157,161
22,170,563,072
23,632,927,039
24,105,585,580
24,587,697,291
25,079,451,237
25,581,040,262
26,092,661,067
26,614,514,289
27,146,804,574
27,689,740,666
28,243,535,479
28,808,406,189
29,384,574,312
29,972,265,799
30,571,711,115
31,183,145,337
31,806,808,244
32,442,944,409
33,091,803,297
33,753,639,363
34,428,712,150
35,117,286,393
35,819,632,121
36,536,024,763
37,266,745,258
38,012,080,164
38,772,321,767
39,547,768,202
40,338,723,566
41,145,498,038
41,968,407,998
42,807,776,158
43,663,931,682
44,537,210,315
45,427,954,521
46,336,513,612
47,263,243,884
48,208,508,762
49,172,678,937
50,156,132,516
51,159,255,166
52,182,440,269

$10.50
$11.30
$8.60
$8.70
$12.01
$11.78
$11.55
$11.33
$11.12
$10.89
$10.70
$10.49
$10.30
$10.09
$5.14
$2.44
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$2,937,603
2,930,759
2,938,733
2,936,845
2,939,468
2,940,868
2,939,943
2,941,288
2,945,324
2,941,913
2,950,108
2,949,053
2,953,853
2,949,833
1,533,275
743,575
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$43,472,435

$55.20
$55.60
$55.60
$55.60
$51.23
$55.58
$57.10
$58.11
$23.20
$22.62
$22.05
$21.49
$20.99
$20.49
$19.16
$19.03
$18.30
$17.92
$17.53
$17.15
$16.79
$16.45
$16.09
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$13,041,181
12,047,600
10,491,218
12,299,919
12,538,350
13,874,150
14,537,550
15,092,213
6,146,463
6,112,213
6,076,963
6,040,463
6,017,463
5,992,938
5,714,750
5,790,000
5,681,000
5,673,750
5,661,750
5,649,750
5,642,250
5,638,500
5,622,750
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$191,383,180

$58.10
$60.00
$60.00
$60.00
$62.52
$64.05
$69.69
$73.14
$75.52
$75.15
$76.32
$78.67
$81.05
$81.84
$83.93
$85.56
$88.27
$90.55
$92.93
$95.39
$97.96
$100.62
$101.65
$99.77
$102.86
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$14,041,008
12,996,895
11,641,905
13,406,350
15,299,785
15,987,635
17,743,935
18,994,650
20,004,188
20,306,450
21,034,650
22,115,650
23,241,100
23,937,263
25,037,575
26,036,000
27,397,500
28,665,250
30,009,750
31,420,000
32,910,250
34,478,500
35,529,000
35,570,500
37,403,500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$595,209,287

$59.00
$60.00
$60.00
$60.00
$61.36
$65.05
$69.04
$73.20
$77.62
$82.27
$87.22
$92.44
$97.73
$98.68
$100.76
$105.40
$107.99
$110.62
$113.33
$116.12
$118.96
$121.88
$124.86
$127.93
$131.07
$77.04
$78.92
$60.00
$60.00
$60.00
$60.00
$10.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$13,824,752
13,358,263
13,328,843
13,873,843
15,017,043
16,238,643
17,579,618
19,009,306
20,561,206
22,230,306
24,037,366
25,987,566
28,023,816
28,861,780
30,059,045
32,073,109
33,516,309
35,021,672
36,596,434
38,245,084
39,965,759
41,764,522
43,642,847
45,609,347
47,663,681
28,575,875
29,860,000
22,807,248
23,263,393
23,728,661
24,203,234
4,114,550
0
0
0
0
0
0
0
0
0
0
0
0

$852,643,117

Other Information
Average projected
AV growth:

2.00%

* Preliminary, subject to change based on market interest rates and actual assessed valuation growth/decline; assumes 2% debt service ramp; estimated issuance of $280 million out of the total $380 million authorization.
** Preliminary, subject to change based on market interest rates and actual assessed valuation growth/decline; assumes 2% debt service ramp; estimated issuance of $295 million out of the total $360 million authorization.
*** Preliminary, subject to change based on actual assessed valuation growth/decline and any future adjustments to debt service schedules; projected tax rates adjusted for estimated interest earnings, unitary tax collections, and other adjustments; italicized figures are actuals.
2005 Measure J and 2010 Measure D debt service has been adjusted for estimated federal subsidy received in connection with Build America Bonds (BABs) and Qualified School Construction Bonds (QSCBs).

Assumes the District issues the remainder of the Measure J authorization in 2035, an estimated date that will depend on future AV growth rates and other factors.
(2)

2010 Measure D - $380,000,000

2010 Measure D

Measure E Considered by
Voters in November 2012**

Year

Total Debt Service:

(1)

Measure D Previously Approved

in June 2010*

The projected tax rates shown do not reflect excess tax collections in connection with these bond measures that can be used to stabilize tax rates in the future.

$0.00
$0.00
$48.00
$31.40
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$0.00
$0.00

$0
0
10,105,640
10,108,500
11,570,681
11,802,095
12,038,137
12,278,899
12,524,477
12,774,967
13,030,466
13,291,076
13,556,897
13,828,035
14,104,596
14,386,688
14,674,421
14,967,910
15,267,268
15,572,613
15,884,066
16,201,747
16,525,782
16,856,297
17,193,423
17,537,292
17,888,038
18,245,798
18,610,714
18,982,929
19,362,587
19,749,839
20,144,836
20,547,733
20,958,687
21,377,861
21,805,418
22,241,527
22,686,357
23,140,084
23,602,886
24,074,944
0
0

$669,502,210

$0.00
$0.00
$0.00
$0.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00

$0
0
0
0
11,570,681
11,802,095
12,038,137
12,278,899
12,524,477
12,774,967
13,030,466
13,291,076
13,556,897
13,828,035
14,104,596
14,386,688
14,674,421
14,967,910
15,267,268
15,572,613
15,884,066
16,201,747
16,525,782
16,856,297
17,193,423
17,537,292
17,888,038
18,245,798
18,610,714
18,982,929
19,362,587
19,749,839
20,144,836
20,547,733
20,958,687
21,377,861
21,805,418
22,241,527
22,686,357
23,140,084
23,602,886
24,074,944
24,556,442
25,047,571

$698,892,084

$182.80
$186.90
$232.20
$215.70
$283.13
$292.46
$303.38
$311.77
$283.46
$286.94
$292.29
$299.09
$306.08
$307.10
$304.99
$308.44
$310.56
$315.09
$319.80
$324.66
$329.71
$334.95
$338.60
$323.70
$329.93
$173.04
$174.92
$156.00
$156.00
$156.00
$156.00
$106.00
$96.00
$96.00
$96.00
$96.00
$96.00
$96.00
$96.00
$96.00
$96.00
$96.00
$48.00
$48.00

$43,844,543
41,333,517
48,506,338
52,625,456
68,936,008
72,645,485
76,877,319
80,595,254
74,706,134
77,140,814
80,160,018
83,674,882
87,350,025
89,397,882
90,553,837
93,416,059
95,943,652
99,296,491
102,802,470
106,460,061
110,286,390
114,285,016
117,846,160
114,892,442
119,454,028
63,650,459
65,636,075
59,298,845
60,484,822
61,694,518
62,928,409
43,614,228
40,289,672
41,095,465
41,917,374
42,755,722
43,610,836
44,483,053
45,372,714
46,280,168
47,205,772
48,149,887
24,556,442
25,047,571

$3,051,102,313

West Contra Costa Unified School District

General Obligation Bonds - Projected Tax Levied Per $100,000 of Assessed Valuation assuming 4% AV Growth***

District Assessed Valuation

Actual and Projected AV

Measure E Previously Approved by

Voters in 1998
1998 Measure E - $40,000,000
1998 Measure E

1998 Measure E

Measure M Previously Approved by

Voters in 2000
2000 Measure M - $150,000,000
2000 Measure M

2000 Measure M

Measure D Previously Approved by

Voters in 2002

Measure J Previously Approved by

Voters in 2005

2002 Measure D - $300,000,000

2002 Measure D

2002 Measure D

2005 Measure J - $400,000,000

2005 Measure J

2005 Measure J

2010 Measure D

All Measures

2012 Measure E - $360,000,000

2012 Measure E

2012 Measure E

Combined
Total

AV

District

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Growth Rate

AV

$100,000 of AV***

Debt Service

$100,000 of AV***

Debt Service(2)

$100,000 of AV***

Debt Service(2)

$100,000 of AV***

Debt Service (1), (2)

$100,000 of AV***

Debt Service

$100,000 of AV***

Debt Service

$100,000 of AV***

Debt Service

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053

-12.26%
-7.66%
1.11%
6.60%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%

$23,745,753,348
21,927,157,161
22,170,563,072
23,632,927,039
24,578,244,121
25,561,373,885
26,583,828,841
27,647,181,994
28,753,069,274
29,903,192,045
31,099,319,727
32,343,292,516
33,637,024,217
34,982,505,185
36,381,805,393
37,837,077,608
39,350,560,713
40,924,583,141
42,561,566,467
44,264,029,126
46,034,590,291
47,875,973,902
49,791,012,858
51,782,653,373
53,853,959,508
56,008,117,888
58,248,442,604
60,578,380,308
63,001,515,520
65,521,576,141
68,142,439,186
70,868,136,754
73,702,862,224
76,650,976,713
79,717,015,781
82,905,696,413
86,221,924,269
89,670,801,240
93,257,633,290
96,987,938,621
100,867,456,166
104,902,154,413
109,098,240,589
113,462,170,213

$10.50
$11.30
$8.60
$8.70
$11.78
$11.33
$10.89
$10.48
$10.09
$9.69
$9.34
$8.98
$8.65
$8.31
$4.15
$1.94
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$2,937,603
2,930,759
2,938,733
2,936,845
2,939,468
2,940,868
2,939,943
2,941,288
2,945,324
2,941,913
2,950,108
2,949,053
2,953,853
2,949,833
1,533,275
743,575
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$43,472,435

$55.20
$55.60
$55.60
$55.60
$50.25
$53.46
$53.87
$53.77
$21.06
$20.13
$19.25
$18.40
$17.62
$16.87
$15.47
$15.07
$14.22
$13.66
$13.10
$12.57
$12.07
$11.60
$11.12
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$13,041,181
12,047,600
10,491,218
12,299,919
12,538,350
13,874,150
14,537,550
15,092,213
6,146,463
6,112,213
6,076,963
6,040,463
6,017,463
5,992,938
5,714,750
5,790,000
5,681,000
5,673,750
5,661,750
5,649,750
5,642,250
5,638,500
5,622,750
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$191,383,180

$58.10
$60.00
$60.00
$60.00
$61.32
$61.61
$65.75
$67.67
$68.53
$66.89
$66.62
$67.35
$68.06
$67.40
$67.79
$67.78
$68.58
$68.99
$69.45
$69.92
$70.42
$70.94
$70.29
$67.66
$68.41
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$14,041,008
12,996,895
11,641,905
13,406,350
15,299,785
15,987,635
17,743,935
18,994,650
20,004,188
20,306,450
21,034,650
22,115,650
23,241,100
23,937,263
25,037,575
26,036,000
27,397,500
28,665,250
30,009,750
31,420,000
32,910,250
34,478,500
35,529,000
35,570,500
37,403,500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$59.00
$60.00
$60.00
$60.00
$60.18
$62.58
$65.14
$67.73
$70.44
$73.23
$76.13
$79.14
$82.06
$81.27
$81.38
$83.49
$83.90
$84.29
$84.69
$85.11
$85.51
$85.93
$86.34
$86.76
$87.18
$50.26
$50.49
$50.00
$50.00
$50.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$595,209,287

$13,824,752
13,358,263
13,328,843
13,873,843
15,017,043
16,238,643
17,579,618
19,009,306
20,561,206
22,230,306
24,037,366
25,987,566
28,023,816
28,861,780
30,059,045
32,073,109
33,516,309
35,021,672
36,596,434
38,245,084
39,965,759
41,764,522
43,642,847
45,609,347
47,663,681
28,575,875
29,860,000
30,289,190
31,500,758
32,760,788
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$849,076,767

Other Information
Average projected
AV growth:

4.00%

* Preliminary, subject to change based on market interest rates and actual assessed valuation growth/decline; assumes 4% debt service ramp and maximum term of 30 years; estimated issuance of the total $380 million authorization.
** Preliminary, subject to change based on market interest rates and actual assessed valuation growth/decline; assumes 4% debt service ramp until 2036 and maximum term of 30 years; estimated issuance of the total $360 million authorization.
*** Preliminary, subject to change based on actual assessed valuation growth/decline and any future adjustments to debt service schedules; projected tax rates adjusted for estimated interest earnings, unitary tax collections, and other adjustments; italicized figures are actuals.
2005 Measure J and 2010 Measure D debt service has been adjusted for estimated federal subsidy received in connection with Build America Bonds (BABs) and Qualified School Construction Bonds (QSCBs).

Assumes the District issues the remainder of the Measure J authorization in 2035, an estimated date that will depend on future AV growth rates and other factors.
(2)

2010 Measure D - $380,000,000

2010 Measure D

Measure E Considered by
Voters in November 2012**

Year

Total Debt Service:

(1)

Measure D Previously Approved

in June 2010*

The projected tax rates shown do not reflect excess tax collections in connection with these bond measures that can be used to stabilize tax rates in the future.

$0.00
$0.00
$48.00
$31.40
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$0.00
$0.00
$0.00

$0
0
10,105,640
10,108,500
11,797,557
12,269,459
12,760,238
13,270,647
13,801,473
14,353,532
14,927,673
15,524,780
16,145,772
16,791,602
17,463,267
18,161,797
18,888,269
19,643,800
20,429,552
21,246,734
22,096,603
22,980,467
23,899,686
24,855,674
25,849,901
26,883,897
27,959,252
29,077,623
30,240,727
31,450,357
32,708,371
34,016,706
35,377,374
36,792,469
38,264,168
39,794,734
41,386,524
43,041,985
44,763,664
46,554,211
48,416,379
0
0
0

$984,101,064

$0.00
$0.00
$0.00
$0.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$48.00
$46.15
$44.38
$42.67
$41.03
$39.45
$37.94
$36.48
$35.07
$33.72
$32.43
$31.18
$29.98
$28.83
$27.72
$26.65
$20.00
$20.00

$0
0
0
0
11,797,557
12,269,459
12,760,238
13,270,647
13,801,473
14,353,532
14,927,673
15,524,780
16,145,772
16,791,602
17,463,267
18,161,797
18,888,269
19,643,800
20,429,552
21,246,734
22,096,603
22,980,467
23,899,686
24,855,674
25,849,901
26,883,897
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
21,819,648
22,692,434

$895,902,503

$182.80
$186.90
$232.20
$215.70
$279.53
$284.98
$291.64
$295.65
$266.11
$265.94
$267.35
$269.87
$272.39
$269.85
$264.79
$264.28
$262.70
$262.94
$263.25
$263.60
$264.01
$264.46
$263.75
$250.42
$251.59
$146.26
$146.49
$144.15
$142.38
$140.67
$89.03
$87.45
$85.94
$84.48
$83.07
$81.72
$80.43
$79.18
$77.98
$76.83
$75.72
$26.65
$20.00
$20.00

$43,844,543
41,333,517
48,506,338
52,625,456
69,389,760
73,580,214
78,321,521
82,578,750
77,260,126
80,297,945
83,954,432
88,142,291
92,527,774
95,325,017
97,271,178
100,966,279
104,371,348
108,648,272
113,127,038
117,808,302
122,711,466
127,842,457
132,593,969
130,891,194
136,766,982
82,343,668
85,778,505
87,326,065
89,700,738
92,170,397
60,667,623
61,975,958
63,336,626
64,751,721
66,223,420
67,753,987
69,345,776
71,001,237
72,722,916
74,513,463
76,375,631
27,959,252
21,819,648
22,692,434

$3,559,145,236

West Contra Costa Unified School District

General Obligation Bonds - Projected Tax Levied Per $100,000 of Assessed Valuation assuming 6% AV Growth***

District Assessed Valuation

Actual and Projected AV

Measure E Previously Approved by

Voters in 1998
1998 Measure E - $40,000,000
1998 Measure E

1998 Measure E

Measure M Previously Approved by

Voters in 2000
2000 Measure M - $150,000,000
2000 Measure M

2000 Measure M

Measure D Previously Approved by

Voters in 2002

Measure J Previously Approved by

Voters in 2005

2002 Measure D - $300,000,000

2002 Measure D

2002 Measure D

2005 Measure J - $400,000,000

2005 Measure J

2005 Measure J

2010 Measure D

All Measures

2012 Measure E - $360,000,000

2012 Measure E

2012 Measure E

Combined
Total

AV

District

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Growth Rate

AV

$100,000 of AV***

Debt Service

$100,000 of AV***

Debt Service(2)

$100,000 of AV***

Debt Service(2)

$100,000 of AV***

Debt Service (1), (2)

$100,000 of AV***

Debt Service

$100,000 of AV***

Debt Service

$100,000 of AV***

Debt Service

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053

-12.26%
-7.66%
1.11%
6.60%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%

$23,745,753,348
21,927,157,161
22,170,563,072
23,632,927,039
25,050,902,661
26,553,956,821
28,147,194,230
29,836,025,884
31,626,187,437
33,523,758,683
35,535,184,204
37,667,295,257
39,927,332,972
42,322,972,950
44,862,351,327
47,554,092,407
50,407,337,951
53,431,778,229
56,637,684,922
60,035,946,018
63,638,102,779
67,456,388,945
71,503,772,282
75,793,998,619
80,341,638,536
85,162,136,848
90,271,865,059
95,688,176,963
101,429,467,581
107,515,235,635
113,966,149,773
120,804,118,760
128,052,365,885
135,735,507,839
143,879,638,309
152,512,416,607
161,663,161,604
171,362,951,300
181,644,728,378
192,543,412,081
204,096,016,806
216,341,777,814
229,322,284,483
243,081,621,552

$10.50
$11.30
$8.60
$8.70
$11.56
$10.91
$10.29
$9.71
$9.17
$8.64
$8.18
$7.71
$7.29
$6.87
$3.37
$1.54
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$2,937,603
2,930,759
2,938,733
2,936,845
2,939,468
2,940,868
2,939,943
2,941,288
2,945,324
2,941,913
2,950,108
2,949,053
2,953,853
2,949,833
1,533,275
743,575
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$43,472,435

$55.20
$55.60
$55.60
$55.60
$49.30
$51.47
$50.87
$49.83
$19.14
$17.96
$16.84
$15.80
$14.84
$13.95
$12.55
$11.99
$11.10
$10.46
$9.85
$9.27
$8.73
$8.23
$7.75
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$13,041,181
12,047,600
10,491,218
12,299,919
12,538,350
13,874,150
14,537,550
15,092,213
6,146,463
6,112,213
6,076,963
6,040,463
6,017,463
5,992,938
5,714,750
5,790,000
5,681,000
5,673,750
5,661,750
5,649,750
5,642,250
5,638,500
5,622,750
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$191,383,180

$58.10
$60.00
$60.00
$60.00
$60.16
$59.30
$62.09
$62.71
$62.30
$59.66
$58.31
$57.83
$57.34
$55.71
$54.97
$53.93
$53.54
$52.84
$52.19
$51.55
$50.94
$50.35
$48.94
$46.23
$45.86
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$14,041,008
12,996,895
11,641,905
13,406,350
15,299,785
15,987,635
17,743,935
18,994,650
20,004,188
20,306,450
21,034,650
22,115,650
23,241,100
23,937,263
25,037,575
26,036,000
27,397,500
28,665,250
30,009,750
31,420,000
32,910,250
34,478,500
35,529,000
35,570,500
37,403,500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$59.00
$60.00
$60.00
$60.00
$59.05
$60.24
$61.52
$62.76
$64.04
$65.32
$66.63
$67.96
$69.13
$67.17
$66.00
$66.43
$65.49
$64.56
$63.65
$62.75
$61.86
$60.98
$60.12
$59.27
$58.44
$33.05
$32.58
$32.00
$32.00
$32.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$595,209,287

$13,824,752
13,358,263
13,328,843
13,873,843
15,017,043
16,238,643
17,579,618
19,009,306
20,561,206
22,230,306
24,037,366
25,987,566
28,023,816
28,861,780
30,059,045
32,073,109
33,516,309
35,021,672
36,596,434
38,245,084
39,965,759
41,764,522
43,642,847
45,609,347
47,663,681
28,575,875
29,860,000
30,620,217
32,457,430
34,404,875
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$852,008,553

Other Information
Average projected
AV growth:

6.00%

* Preliminary, subject to change based on market interest rates and actual assessed valuation growth/decline; assumes 4% debt service ramp and maximum term of 30 years; estimated issuance of the total $380 million authorization.
** Preliminary, subject to change based on market interest rates and actual assessed valuation growth/decline; assumes 4% debt service ramp until 2036 and maximum term of 30 years; estimated issuance of the total $360 million authorization.
*** Preliminary, subject to change based on actual assessed valuation growth/decline and any future adjustments to debt service schedules; projected tax rates adjusted for estimated interest earnings, unitary tax collections, and other adjustments; italicized figures are actuals.
2005 Measure J and 2010 Measure D debt service has been adjusted for estimated federal subsidy received in connection with Build America Bonds (BABs) and Qualified School Construction Bonds (QSCBs).

Assumes the District issues the remainder of the Measure J authorization in 2035, an estimated date that will depend on future AV growth rates and other factors.
(2)

2010 Measure D - $380,000,000

2010 Measure D

Measure E Considered by
Voters in November 2012**

Year

Total Debt Service:

(1)

Measure D Previously Approved

in June 2010*

The projected tax rates shown do not reflect excess tax collections in connection with these bond measures that can be used to stabilize tax rates in the future.

$0.00
$0.00
$48.00
$31.40
$46.39
$45.51
$44.65
$43.81
$42.98
$42.17
$41.38
$40.60
$39.83
$39.08
$38.34
$37.62
$36.91
$36.21
$35.53
$34.86
$34.20
$33.56
$32.92
$32.30
$31.69
$31.09
$30.51
$29.93
$29.37
$28.81
$28.27
$27.74
$27.21
$26.70
$26.20
$25.70
$25.22
$24.74
$24.27
$23.82
$23.37
$0.00
$0.00
$0.00

$0
0
10,105,640
10,108,500
11,797,557
12,269,459
12,760,238
13,270,647
13,801,473
14,353,532
14,927,673
15,524,780
16,145,772
16,791,602
17,463,267
18,161,797
18,888,269
19,643,800
20,429,552
21,246,734
22,096,603
22,980,467
23,899,686
24,855,674
25,849,901
26,883,897
27,959,252
29,077,623
30,240,727
31,450,357
32,708,371
34,016,706
35,377,374
36,792,469
38,264,168
39,794,734
41,386,524
43,041,985
44,763,664
46,554,211
48,416,379
0
0
0

$984,101,064

$0.00
$0.00
$0.00
$0.00
$46.39
$45.51
$44.65
$43.81
$42.98
$42.17
$41.38
$40.60
$39.83
$39.08
$38.34
$37.62
$36.91
$36.21
$35.53
$34.86
$34.20
$33.56
$32.92
$32.30
$31.69
$31.09
$30.51
$28.78
$27.15
$25.61
$24.16
$22.80
$21.51
$20.29
$19.14
$18.06
$17.04
$16.07
$15.16
$14.30
$13.49
$12.73
$9.37
$9.20

$0
0
0
0
11,797,557
12,269,459
12,760,238
13,270,647
13,801,473
14,353,532
14,927,673
15,524,780
16,145,772
16,791,602
17,463,267
18,161,797
18,888,269
19,643,800
20,429,552
21,246,734
22,096,603
22,980,467
23,899,686
24,855,674
25,849,901
26,883,897
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
21,819,648
22,692,434

$895,902,503

$182.80
$186.90
$232.20
$215.70
$272.84
$272.94
$274.08
$272.62
$240.63
$235.93
$232.71
$230.49
$228.26
$221.85
$213.57
$209.13
$203.95
$200.29
$196.74
$193.29
$189.93
$186.68
$182.65
$170.10
$167.68
$95.24
$93.60
$90.71
$88.52
$86.43
$52.43
$50.53
$48.72
$46.99
$45.34
$43.76
$42.25
$40.81
$39.44
$38.12
$36.86
$12.73
$9.37
$9.20

$43,844,543
41,333,517
48,506,338
52,625,456
69,389,760
73,580,214
78,321,521
82,578,750
77,260,126
80,297,945
83,954,432
88,142,291
92,527,774
95,325,017
97,271,178
100,966,279
104,371,348
108,648,272
113,127,038
117,808,302
122,711,466
127,842,457
132,593,969
130,891,194
136,766,982
82,343,668
85,778,505
87,657,092
90,657,410
93,814,484
60,667,623
61,975,958
63,336,626
64,751,721
66,223,420
67,753,987
69,345,776
71,001,237
72,722,916
74,513,463
76,375,631
27,959,252
21,819,648
22,692,434

$3,562,077,022

West Contra Costa Unified School District

General Obligation Bonds - Projected Tax Levied Per $100,000 of Assessed Valuation assuming 8% AV Growth***

District Assessed Valuation

Actual and Projected AV

Measure E Previously Approved by

Voters in 1998
1998 Measure E - $40,000,000
1998 Measure E

1998 Measure E

Measure M Previously Approved by

Voters in 2000
2000 Measure M - $150,000,000
2000 Measure M

2000 Measure M

Measure D Previously Approved by

Voters in 2002

Measure J Previously Approved by

Voters in 2005

2002 Measure D - $300,000,000

2002 Measure D

2002 Measure D

2005 Measure J - $400,000,000

2005 Measure J

2005 Measure J

2010 Measure D

All Measures

2012 Measure E - $360,000,000

2012 Measure E

2012 Measure E

Combined
Total

AV

District

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Growth Rate

AV

$100,000 of AV***

Debt Service

$100,000 of AV***

Debt Service(2)

$100,000 of AV***

Debt Service(2)

$100,000 of AV***

Debt Service (1), (2)

$100,000 of AV***

Debt Service

$100,000 of AV***

Debt Service

$100,000 of AV***

Debt Service

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053

-12.26%
-7.66%
1.11%
6.60%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%

$23,745,753,348
21,927,157,161
22,170,563,072
23,632,927,039
25,523,561,202
27,565,446,098
29,770,681,786
32,152,336,329
34,724,523,235
37,502,485,094
40,502,683,902
43,742,898,614
47,242,330,503
51,021,716,943
55,103,454,299
59,511,730,643
64,272,669,094
69,414,482,621
74,967,641,231
80,965,052,530
87,442,256,732
94,437,637,271
101,992,648,252
110,152,060,112
118,964,224,921
128,481,362,915
138,759,871,948
149,860,661,704
161,849,514,641
174,797,475,812
188,781,273,877
203,883,775,787
220,194,477,850
237,810,036,078
256,834,838,964
277,381,626,081
299,572,156,168
323,537,928,661
349,420,962,954
377,374,639,991
407,564,611,190
440,169,780,085
475,383,362,492
513,414,031,491

$10.50
$11.30
$8.60
$8.70
$11.34
$10.51
$9.73
$9.01
$8.35
$7.73
$7.17
$6.64
$6.16
$5.69
$2.74
$1.23
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$2,937,603
2,930,759
2,938,733
2,936,845
2,939,468
2,940,868
2,939,943
2,941,288
2,945,324
2,941,913
2,950,108
2,949,053
2,953,853
2,949,833
1,533,275
743,575
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$43,472,435

$55.20
$55.60
$55.60
$55.60
$48.39
$49.58
$48.10
$46.24
$17.44
$16.05
$14.78
$13.60
$12.55
$11.57
$10.22
$9.58
$8.71
$8.05
$7.44
$6.87
$6.36
$5.88
$5.43
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$13,041,181
12,047,600
10,491,218
12,299,919
12,538,350
13,874,150
14,537,550
15,092,213
6,146,463
6,112,213
6,076,963
6,040,463
6,017,463
5,992,938
5,714,750
5,790,000
5,681,000
5,673,750
5,661,750
5,649,750
5,642,250
5,638,500
5,622,750
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$191,383,180

$58.10
$60.00
$60.00
$60.00
$59.04
$57.13
$58.71
$58.19
$56.74
$53.33
$51.15
$49.80
$48.46
$46.21
$44.76
$43.09
$41.99
$40.68
$39.43
$38.22
$37.07
$35.96
$34.31
$31.81
$30.97
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$14,041,008
12,996,895
11,641,905
13,406,350
15,299,785
15,987,635
17,743,935
18,994,650
20,004,188
20,306,450
21,034,650
22,115,650
23,241,100
23,937,263
25,037,575
26,036,000
27,397,500
28,665,250
30,009,750
31,420,000
32,910,250
34,478,500
35,529,000
35,570,500
37,403,500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$59.00
$60.00
$60.00
$60.00
$57.95
$58.03
$58.16
$58.24
$58.32
$58.39
$58.46
$58.52
$58.43
$55.72
$53.73
$53.09
$51.36
$49.70
$48.08
$46.53
$45.02
$43.56
$42.15
$40.78
$39.46
$21.91
$21.20
$20.00
$20.00
$20.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$595,209,287

$13,824,752
13,358,263
13,328,843
13,873,843
15,017,043
16,238,643
17,579,618
19,009,306
20,561,206
22,230,306
24,037,366
25,987,566
28,023,816
28,861,780
30,059,045
32,073,109
33,516,309
35,021,672
36,596,434
38,245,084
39,965,759
41,764,522
43,642,847
45,609,347
47,663,681
28,575,875
29,860,000
29,972,132
32,369,903
34,959,495
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$851,827,562

Other Information
Average projected
AV growth:

8.00%

* Preliminary, subject to change based on market interest rates and actual assessed valuation growth/decline; assumes 4% debt service ramp and maximum term of 30 years; estimated issuance of the total $380 million authorization.
** Preliminary, subject to change based on market interest rates and actual assessed valuation growth/decline; assumes 4% debt service ramp until 2036 and maximum term of 30 years; estimated issuance of the total $360 million authorization.
*** Preliminary, subject to change based on actual assessed valuation growth/decline and any future adjustments to debt service schedules; projected tax rates adjusted for estimated interest earnings, unitary tax collections, and other adjustments; italicized figures are actuals.
2005 Measure J and 2010 Measure D debt service has been adjusted for estimated federal subsidy received in connection with Build America Bonds (BABs) and Qualified School Construction Bonds (QSCBs).

Assumes the District issues the remainder of the Measure J authorization in 2035, an estimated date that will depend on future AV growth rates and other factors.
(2)

2010 Measure D - $380,000,000

2010 Measure D

Measure E Considered by
Voters in November 2012**

Year

Total Debt Service:

(1)

Measure D Previously Approved

in June 2010*

The projected tax rates shown do not reflect excess tax collections in connection with these bond measures that can be used to stabilize tax rates in the future.

$0.00
$0.00
$48.00
$31.40
$45.53
$43.84
$42.22
$40.66
$39.15
$37.70
$36.30
$34.96
$33.66
$32.42
$31.22
$30.06
$28.95
$27.87
$26.84
$25.85
$24.89
$23.97
$23.08
$22.23
$21.40
$20.61
$19.85
$19.11
$18.40
$17.72
$17.07
$16.43
$15.83
$15.24
$14.67
$14.13
$13.61
$13.10
$12.62
$12.15
$11.70
$0.00
$0.00
$0.00

$0
0
10,105,640
10,108,500
11,797,557
12,269,459
12,760,238
13,270,647
13,801,473
14,353,532
14,927,673
15,524,780
16,145,772
16,791,602
17,463,267
18,161,797
18,888,269
19,643,800
20,429,552
21,246,734
22,096,603
22,980,467
23,899,686
24,855,674
25,849,901
26,883,897
27,959,252
29,077,623
30,240,727
31,450,357
32,708,371
34,016,706
35,377,374
36,792,469
38,264,168
39,794,734
41,386,524
43,041,985
44,763,664
46,554,211
48,416,379
0
0
0

$984,101,064

$0.00
$0.00
$0.00
$0.00
$45.53
$43.84
$42.22
$40.66
$39.15
$37.70
$36.30
$34.96
$33.66
$32.42
$31.22
$30.06
$28.95
$27.87
$26.84
$25.85
$24.89
$23.97
$23.08
$22.23
$21.40
$20.61
$19.85
$18.38
$17.02
$15.76
$14.59
$13.51
$12.51
$11.58
$10.72
$9.93
$9.19
$8.51
$7.88
$7.30
$6.76
$6.26
$4.52
$4.35

$0
0
0
0
11,797,557
12,269,459
12,760,238
13,270,647
13,801,473
14,353,532
14,927,673
15,524,780
16,145,772
16,791,602
17,463,267
18,161,797
18,888,269
19,643,800
20,429,552
21,246,734
22,096,603
22,980,467
23,899,686
24,855,674
25,849,901
26,883,897
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
21,819,648
22,692,434

$895,902,503

$182.80
$186.90
$232.20
$215.70
$267.79
$262.93
$259.14
$252.98
$219.16
$210.90
$204.17
$198.48
$192.92
$184.03
$173.88
$167.11
$159.95
$154.17
$148.64
$143.32
$138.23
$133.34
$128.05
$117.05
$113.24
$63.13
$60.89
$57.49
$55.42
$53.48
$31.65
$29.94
$28.33
$26.82
$25.40
$24.06
$22.80
$21.62
$20.50
$19.45
$18.46
$6.26
$4.52
$4.35

$43,844,543
41,333,517
48,506,338
52,625,456
69,389,760
73,580,214
78,321,521
82,578,750
77,260,126
80,297,945
83,954,432
88,142,291
92,527,774
95,325,017
97,271,178
100,966,279
104,371,348
108,648,272
113,127,038
117,808,302
122,711,466
127,842,457
132,593,969
130,891,194
136,766,982
82,343,668
85,778,505
87,009,007
90,569,883
94,369,104
60,667,623
61,975,958
63,336,626
64,751,721
66,223,420
67,753,987
69,345,776
71,001,237
72,722,916
74,513,463
76,375,631
27,959,252
21,819,648
22,692,434

$3,561,896,030

West Contra Costa Unified School District

General Obligation Bonds - Projected Tax Levied Per $100,000 of Assessed Valuation as projected at the time of the GOBs, Election of 2005, Series D issuance (with actual AVs through 2013)

District Assessed Valuation

Actual and Projected AV

Measure E Previously Approved by

Voters in 1998
1998 Measure E - $40,000,000
1998 Measure E

1998 Measure E

Measure M Previously Approved by

Voters in 2000
2000 Measure M - $150,000,000
2000 Measure M

2000 Measure M

Measure D Previously Approved by

Voters in 2002

Measure J Previously Approved by

Voters in 2005

2002 Measure D - $300,000,000

2002 Measure D

2002 Measure D

2005 Measure J - $400,000,000

2005 Measure J

2005 Measure J

2010 Measure D

All Measures

2012 Measure E - $360,000,000

2012 Measure E

2012 Measure E

Combined
Total

AV

District

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Proj Tax Per

Total

Growth Rate

AV

$100,000 of AV***

Debt Service

$100,000 of AV***

Debt Service(2)

$100,000 of AV***

Debt Service(2)

$100,000 of AV***

Debt Service (1), (2)

$100,000 of AV***

Debt Service

$100,000 of AV***

Debt Service

$100,000 of AV***

Debt Service

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053

-12.26%
-7.66%
1.11%
6.60%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
6.75%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%
4.50%

$23,745,753,348
21,927,157,161
22,170,563,072
23,632,927,039
25,523,561,202
27,565,446,098
29,770,681,786
32,152,336,329
34,724,523,235
37,502,485,094
40,502,683,902
43,742,898,614
46,695,544,270
48,796,843,762
50,992,701,732
53,287,373,310
55,685,305,109
58,191,143,839
60,809,745,311
63,546,183,850
66,405,762,124
69,394,021,419
72,516,752,383
75,780,006,240
79,190,106,521
82,753,661,314
86,477,576,074
90,369,066,997
94,435,675,012
98,685,280,387
103,126,118,005
107,766,793,315
112,616,299,014
117,684,032,470
122,979,813,931
128,513,905,558
134,297,031,308
140,340,397,717
146,655,715,614
153,255,222,817
160,151,707,843
167,358,534,696
174,889,668,758
182,759,703,852

$10.50
$11.30
$8.60
$8.70
$11.34
$10.51
$9.73
$9.01
$8.35
$7.73
$7.17
$6.64
$6.23
$5.95
$2.96
$1.37
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$2,937,603
2,930,759
2,938,733
2,936,845
2,939,468
2,940,868
2,939,943
2,941,288
2,945,324
2,941,913
2,950,108
2,949,053
2,953,853
2,949,833
1,533,275
743,575
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$43,472,435

$55.20
$55.60
$55.60
$55.60
$48.39
$49.58
$48.10
$46.24
$17.44
$16.05
$14.78
$13.60
$12.69
$12.10
$11.04
$10.70
$10.05
$9.60
$9.17
$8.76
$8.37
$8.00
$7.64
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$13,041,181
12,047,600
10,491,218
12,299,919
12,538,350
13,874,150
14,537,550
15,092,213
6,146,463
6,112,213
6,076,963
6,040,463
6,017,463
5,992,938
5,714,750
5,790,000
5,681,000
5,673,750
5,661,750
5,649,750
5,642,250
5,638,500
5,622,750
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$191,383,180

$58.10
$60.00
$60.00
$60.00
$59.04
$57.13
$58.71
$58.19
$56.74
$53.33
$51.15
$49.80
$49.02
$48.32
$48.36
$48.13
$48.46
$48.52
$48.61
$48.70
$48.82
$48.94
$48.26
$46.24
$46.52
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$14,041,008
12,996,895
11,641,905
13,406,350
15,299,785
15,987,635
17,743,935
18,994,650
20,004,188
20,306,450
21,034,650
22,115,650
23,241,100
23,937,263
25,037,575
26,036,000
27,397,500
28,665,250
30,009,750
31,420,000
32,910,250
34,478,500
35,529,000
35,570,500
37,403,500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$59.00
$60.00
$60.00
$60.00
$57.95
$58.03
$58.16
$58.24
$58.32
$58.39
$58.46
$58.52
$59.11
$58.26
$58.06
$59.29
$59.29
$59.28
$59.28
$59.28
$59.28
$59.28
$59.28
$59.28
$59.29
$34.01
$34.01
$34.00
$34.00
$32.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

$595,209,287

$13,824,752
13,358,263
13,328,843
13,873,843
15,017,043
16,238,643
17,579,618
19,009,306
20,561,206
22,230,306
24,037,366
25,987,566
28,023,816
28,861,780
30,059,045
32,073,109
33,516,309
35,021,672
36,596,434
38,245,084
39,965,759
41,764,522
43,642,847
45,609,347
47,663,681
28,575,875
29,860,000
30,725,483
32,108,130
31,579,290
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$848,938,933

Other Information
Average projected
AV growth:

5.26%

* Preliminary, subject to change based on market interest rates and actual assessed valuation growth/decline; assumes 4% debt service ramp and maximum term of 30 years; estimated issuance of the total $380 million authorization.
** Preliminary, subject to change based on market interest rates and actual assessed valuation growth/decline; assumes 4% debt service ramp until 2036 and maximum term of 30 years; estimated issuance of the total $360 million authorization.
*** Preliminary, subject to change based on actual assessed valuation growth/decline and any future adjustments to debt service schedules; projected tax rates adjusted for estimated interest earnings, unitary tax collections, and other adjustments; italicized figures are actuals.
2005 Measure J and 2010 Measure D debt service has been adjusted for estimated federal subsidy received in connection with Build America Bonds (BABs) and Qualified School Construction Bonds (QSCBs).

Assumes the District issues the remainder of the Measure J authorization in 2035, an estimated date that will depend on future AV growth rates and other factors.
(2)

2010 Measure D - $380,000,000

2010 Measure D

Measure E Considered by
Voters in November 2012**

Year

Total Debt Service:

(1)

Measure D Previously Approved

in June 2010*

The projected tax rates shown do not reflect excess tax collections in connection with these bond measures that can be used to stabilize tax rates in the future.

$0.00
$0.00
$48.00
$31.40
$45.53
$43.84
$42.22
$40.66
$39.15
$37.70
$36.30
$34.96
$34.06
$33.90
$33.73
$33.57
$33.41
$33.25
$33.09
$32.93
$32.78
$32.62
$32.46
$32.31
$32.15
$32.00
$31.85
$31.69
$31.54
$31.39
$31.24
$31.09
$30.94
$30.79
$30.65
$30.50
$30.35
$30.21
$30.07
$29.92
$29.78
$0.00
$0.00
$0.00

$0
0
10,105,640
10,108,500
11,797,557
12,269,459
12,760,238
13,270,647
13,801,473
14,353,532
14,927,673
15,524,780
16,145,772
16,791,602
17,463,267
18,161,797
18,888,269
19,643,800
20,429,552
21,246,734
22,096,603
22,980,467
23,899,686
24,855,674
25,849,901
26,883,897
27,959,252
29,077,623
30,240,727
31,450,357
32,708,371
34,016,706
35,377,374
36,792,469
38,264,168
39,794,734
41,386,524
43,041,985
44,763,664
46,554,211
48,416,379
0
0
0

$984,101,064

$0.00
$0.00
$0.00
$0.00
$45.53
$43.84
$42.22
$40.66
$39.15
$37.70
$36.30
$34.96
$34.06
$33.90
$33.73
$33.57
$33.41
$33.25
$33.09
$32.93
$32.78
$32.62
$32.46
$32.31
$32.15
$32.00
$31.85
$30.47
$29.16
$27.91
$26.71
$25.56
$24.45
$23.40
$22.39
$21.43
$20.51
$19.62
$18.78
$17.97
$17.20
$16.46
$12.29
$12.23

$0
0
0
0
11,797,557
12,269,459
12,760,238
13,270,647
13,801,473
14,353,532
14,927,673
15,524,780
16,145,772
16,791,602
17,463,267
18,161,797
18,888,269
19,643,800
20,429,552
21,246,734
22,096,603
22,980,467
23,899,686
24,855,674
25,849,901
26,883,897
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
27,959,252
21,819,648
22,692,434

$895,902,503

$182.80
$186.90
$232.20
$215.70
$267.79
$262.93
$259.14
$252.98
$219.16
$210.90
$204.17
$198.48
$195.18
$192.42
$187.89
$186.63
$184.62
$183.91
$183.24
$182.61
$182.02
$181.46
$180.10
$170.13
$170.12
$98.01
$97.70
$96.17
$94.70
$91.30
$57.95
$56.65
$55.40
$54.20
$53.04
$51.93
$50.86
$49.83
$48.84
$47.89
$46.97
$16.46
$12.29
$12.23

$43,844,543
41,333,517
48,506,338
52,625,456
69,389,760
73,580,214
78,321,521
82,578,750
77,260,126
80,297,945
83,954,432
88,142,291
92,527,774
95,325,017
97,271,178
100,966,279
104,371,348
108,648,272
113,127,038
117,808,302
122,711,466
127,842,457
132,593,969
130,891,194
136,766,982
82,343,668
85,778,505
87,762,358
90,308,109
90,988,899
60,667,623
61,975,958
63,336,626
64,751,721
66,223,420
67,753,987
69,345,776
71,001,237
72,722,916
74,513,463
76,375,631
27,959,252
21,819,648
22,692,434

$3,559,007,402