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What is a Referendum?
A bond referendum is when a public school district seeks voters’ approval to issue long-term debt (bonds), typically to finance capital improvement projects. The 2023 Referendum is a continuation of the school district's ongoing plan for funding capital and maintenance projects. (C&MP)
What is C&MP?
This is a plan by the Board of Education to reissue expiring debt as a long-term financial strategy to provide for capital projects that cannot be funded through the operating budget by issuing new bonds as existing bonds mature and keeping Debt Service* flat.
*Debt Service: taxes directed to cover the repayment of principal and interest from bond sales.
PLEASE SEE THE FLYERS BELOW AND GET MORE INFORMATION ON THE OTHER PAGES IN THIS SITE.
Capital and Maintenance Plan (C&MP)
C&MP is an acronym for the Capital and Maintenance Plan, an ongoing plan by the Board of Education to reissue expiring debt as a strategy to address the capital and maintenance projects as delineated by the long-range facilities plan of the district.
It is a long-term financial strategy to provide for capital projects that cannot be funded through the operating budget by issuing new bonds as existing bonds mature and keeping Debt Service* flat
*Debt Service: taxes directed to cover the repayment of principal and interest from bond sales
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