What is the Cost Impact to the Local Taxpayers Over the Course of the Bond?


The proposed project will allow our District to complete $1.468  million in school improvements with a total taxpayer cost of $96,050  ($30,000 in short-term obligations and $66,050 to be financed over the  life of the bond).

The TOTAL cost for a home assessed at $3,000 will be $16.41 spread over the course of the bond.* For example, if the length of the bond were ten years, the cost of the bond per home would be $1.64 per year.

The TOTAL cost for a home assessed at $4,000 will be $21.88 spread over the course of the bond. For example, if the length of the bond were ten years, the cost of the bond per home would be $2.19 per year.

The TOTAL cost for a home assessed at $5,000 will be $27.35 spread over the course of the bond. For example, if the length of the bond were ten years, the cost of the bond per home would be $2.74 per year.

(Please note that these numbers  are based on the 2010-11 assessed values and may change as assessed  values change.)