TAX NEUTRAL

Thanks to careful financial planning by the School Board and District, we can move forward with these important projects without increasing school property taxes beyond their current amount. (see explanation and chart below)

• • The school district currently makes a debt payment (black bar) as well as an additional payment (orange bar) in order to pay off its current bonds early. This amount represents a $2.70 levy rate.

  • The current existing debt will be payed off in 2025. 

  • The payments for the new bond (gold bar) in this referendum are structured to begin in 2025 and continue for 20 years at the same $2.70 tax levy rate.

  • Beginning in 2028, the district will also have the capability to begin paying the new debt (blue bar) down early or have additional money available for other projects within the same $2.70 tax rate.