51% of the cost of this project will be covered by the State of Minnesota 

The project has a total principal cost of $24,015,000. The financial burden on local taxpayers is significantly reduced due to substantial state contributions. The state is covering approximately 51% of the total bond through a combination of aid and credits: 

1. State Construction Aid: The State is directly covering 51% of the eligible construction costs (Natural Disaster Debt Service Equalization Aid). This is estimated to be $10,380,700 over the life of the bond.

2. State Ag2School Credit: The State provides a tax credit that reduces the local taxpayer burden by an estimated $10,152,832 over the life of the bond.

3. The Total Estimated State Aid and Credit is $20,533,532, which minimizes the financial impact on local taxpayers.