How will this impact taxes?
The District has been fiscally responsible as it relates to debt and borrowing. If the $16 million referendum is approved, it is estimated that there will be no tax increase over 2019-20 for school debt (see chart below). The drop in debt levy in 2020-21 would be replaced with the new referendum debt payment, resulting in no increase. Additionally, the District is also planning for a debt payment drop in 2027-28 allowing for potential future facility needs.
• No tax increase over 2019-20 tax rate for referendum debt
• Debt payment decreasing in 2027
• Flexibility to address future needs
Click on the "How will this impact taxes" link in the right column to see a visual representation of the referendum tax impact.
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