10-23-1995 Council Packet - Laserfiche WebLink

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NOTICE OF SPECIAL ELECTION INDEPENDENT SCHOOL DISTRICT NO. 277 (WESTONKA) STATE OF MINNESOTA NOTICE IS HEREBY GIVEN, that a special election has been called and will be held in and for Independent School Distnct No. 277 (Westonka), State of Minnesota, on Tuesday. November 7. 1995. for the purpose of voting on the following question; THE BOARD OF INDEPENDENT SCHOOL DISTRICT NO. 277 (WESTONKA). HAS PROPOSED TO INCREASE ITS GENERAL EDUCATION REVENUE BY S338 PER ACTUAL PUPIL UNIT. THE ADDITIONAL REVENUE WILL BE USED TO FINANCE SCHOOL OPERATIONS AND THE PROPERTY TAX PORTION THEREOF WILL REQUIRE AN ESTIMATED REFERENDUM TAX RATE OF APPROXIMATELY .1058% OF THE REFERENDUM MARKET VALUE OF ALL TAXABLE PROPERTY IN THE DISTRICT FOR TAXES PAYABLE IN 1996, THE FIRST YEAR IT IS TO BE LEVIED. THE REFERENDUM REVENUE AUTHORIZATION WOULD BE APPLICABLE FOR TEN YEARS UNLESS OTHERWISE REVOKED OR REDUCED AS PROVIDED BY LAW. YES SHALL THE INCREASE IN THE REVENUE PROPOSED BY THE BOARD OF INDEPENDENT SCHOOL DISTRICT NO. 277 BE APPROVED? NO BY VOTING “YES” ON THIS BALLOT QUESTION. YOU ARE VOTING FOR A PROPERTY TAX INCREASE. Passage of this referendum will result in an increase in your property taxes. The property tax portion of the revenue authonzed will require an estimated referendum tax rate of approximately .1058% of the referendum market value of all classes of taxable property within the district. The annual dollar increases for typical residential homesteads, apartments, commercial-industrial properties, and other classes of property within the distnct, other man certain agricultural and disabled homestead properties, are as follows: Market Value Dollar Increase $40,000 $42 $50,000 $53 $60,000 ?64 $75,000 5 79 $100,000 $106 $125,000 $132 $150,000 $159 $200,000 $212 $250,000 $265 $500,000 529 $1,000,000 ?1.058