Cost:  The proposed capital referendum is to borrow $17 million for 20 years.

Tax Impact:  The school portion of the tax mill rate is not projected to increase over its current level.

Q: Why is there no projected school tax impact of the referendum?

A: While the proposed cost for all projects is $17 M, the Board of Education and administration anticipated large scale repairs were essential, the District fiscally prepared for this referendum to have minimal impact on the taxpayers. If voters approve the referendum, the school portion of the tax mill rate is not projected to increase over its current level. Here’s what’s been done:

• The District’s property school tax mill rate has declined 19% over the last six years. 

• In addition, the District has pre-paid debt over the past three years to save interest costs of $675,000. Our District will be debt free in 2024. 

These actions reduce the projected property tax impact of the referendum proposal.