10-24-2005 Council Packet - Laserfiche WebLink

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SCHOOL DISTRICT BALLOT QUESTION 3 APPROVAL OF SCHOOL DISTRICT BOND ISSUE C ^ YES Shtll the Khool board of Independent School District No. 278 (Orono) be authorized to issue its general obligation school building bonds in an amount not to exceed $26,185,000 to provide funds for the acquisition and betterment of school sites and ftcilities, including the renovation, repair, remodeling, upgrading, equipping and construction of improvements to existing school sites and facilities? BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE. Id SCHOOL DISTRICT BALLOT QUESTION 4 APPROVAL OF SCHOOL DISTRICT BOND ISSUE If School District Ballot Question 3 is approved, shall the school board of Independent School District No. 278 (Orono) also be authorized to issue its general obligation school building bonds in an amount not to exceed $4,965,000 to provide funds for the acquisition and betterment of school sites and facilities, including additional renovation, repair, remodeling, upgrading, equipping and construction of improvements to existing school sites and facilities? BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE. The following chart shows the estimated financial impact on homes valued at $100,000 to $ 1,000,000 for 2006 property tax purposes. For example, the owner of a $300,000 home would pay $257 more a year. Taxabit Markat Valua of Horn# $100,1 $150,1 $250,000 $2 ijii.ri $400, $1. -.Ml*:*:* • i.iii • I Oparating Rafarandum ($520 par atudant) 49 Tachnology $750,000 par yaar 101 285 $26,185,000 Bond laaua 110 146 183 $4,965,000 Bond Isaua Total Par Yaar $85 $128 $172 $215 $257 $342 $429 $943 mmrnm f' ; v' ■ ..JiiliHifaiii