Funding Bond Projects

  • Money Matters Flyer


    HOW ARE TAX DOLLARS USED?

    Maintenance & Operations Tax Rate 

    • Used ONLY for daily operations of the district
    • Employee salaries/payroll (more than 80%)
    • Can be used for facilities or other educational costs (textbooks, electricity, fuel, supplies, etc.)

    Interest & Sinking Tax Rate

    • Used ONLY for debt repayment on outstanding bonds
    • Cannot be used for payroll costs (except those directly connected to the facilities/construction program related to the bond)
    • When bond funds are not available, facility costs are shifted to M&O (portable buildings, major HVAC work, classroom expansions, etc.) 

    How are tax dollars used?


    HOW WOULD WE PAY FOR THE SCHOOL BOND PACKAGE?

    Tax Base Growth:

    • Assumes a tax base growth of $180 million/year during first 10 years, then no growth for the following 20 years
    • Actual -- We have grown by $190.5 million/year over the past 10 years

    Tax Collection:

    • Assumes a tax collection of 99 percent
    • Actual -- 100 percent over the past 8 years

    Bond Interest Rate:

    • Assumes interest rates of 4 percent for $100 million, 0.5 percent for $50 million and 6 percent for $70 million
    • Actual -- Today’s market rate is 3.4-3.6 percent

     Tax Increase

  • Bond Logo