Over the past 16 years, more than $42 million has been invested in maintaining 1.5 million square feet and 150 acres of buildings and grounds. With aging facilities, there is a growing increase in the amount of money spent on emergency repairs: costing millions, disruption, and loss of class time.
Given future forecasts for increasing construction costs and the current low interest rates, the District believes this is a practical time to make long-term improvements. The District has a record of fiscal responsibility and is debt-free.
Referendum 2018 - Costs
Approval of the $124.9 million referendum would increase the school portion of the mill rate by a maximum of $1.88 over the current rate. As a result, property owners would pay $188 more a year per $100,000 of equalized property value.
The estimated tax impacts provided by Robert W. Baird & Co., assume: phased borrowing approach over a two to three year period (2019-2021) with each borrowing paid back over a 20-year period; interest rates of 4.25-4.75%; and 0% property value growth.
If approved, District residents would first note the impact on their December 2019 tax bill.
Personal Tax Impact Calculator
To see what your specific tax impact would be with the maximum $1.88 mill rate increase as the result of an approved referendum, enter your equalized property value (fair market value) below then click on the Calculate button.
Your Fair Market Value can be found on your property tax bill. *Note: When entering the dollar amount, do not use commas.