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TAX IMPACT
The District cannot afford to fund these projects out of the annual operating budget. Therefore, we are developing a plan based on the priorities of the community and the willingness to financially support the projects potentially through a capital referendum.
As a result of careful financial planning, the District will pay off previous debt in full by the 2024-25 school year. The School Board believes this is a good time to consider our options because the District will be free of long-term debt and interest rates remain near historic lows. There is a window of opportunity to invest in our facilities with a minimal tax impact.
A proposed debt referendum of $12,500,000 is estimated to have a $0.16 impact on the mill rate over the projected debt levy for 2020-21 per $100,000 of equalized property value. If approved, this would mean an estimated increase of:
$16.00 per year for a home/property with a property value of $100,000
$32.00 per year for a home/property with a property value of $200,000
(Estimates provided by R.W. Baird)
Referendum Press Release
Upcoming Meeting Information
Tax Impact
Referendum Postcard
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