Referendum: Tax Impact

A FISCALLY RESPONSIBLE INVESTMENT IN OUR SCHOOLS
This plan recognizes the importance of planning for replacement rather than experiencing a failure which would impact the learning environment and the cost of the project. The bulk of the bond project would be replacing the classroom heating, cooling and ventilation systems. While these project areas are exposed, it will extend to include several secondary needs. The school board and district leadership agree that taking care of these secondary projects makes fiscal sense.

TAX IMPACT

TAX IMPACT ON QUESTION 1:  $0 Tax Increase from Current Tax Rate

• Why a $0 anticipated tax increase?  As a result of careful planning and early repayment of a previous bond debt, approval of this $11.5 million bond referendum is not anticipated to impact the current district’s portion of your property tax rate.

TAX IMPACT ON QUESTION 2:  $0 Tax Impact

• This question is independent of our construction project. The RPS must be periodically updated as mandated by Iowa legislation. 
• Will this raise my taxes?  Question 2 will absolutely not raise your taxes. This is an extension of the current Revenue Purpose Statement which will allow the school district to continue to spend the funds as allowed by Iowa law.