As average voters appear increasingly hesitant to approve new local debt, a revised, “quiet” election strategy appears to be underway.
As average voters appear increasingly hesitant to approve new local debt, a revised, “quiet” election strategy appears to be underway.
With interest the bonds would cost property taxpayers $258 million. Can they be repaid with “zero tax rate increase?”
School district property taxpayers are already on the hook for $979 million in bond debt principal and interest.
School district leaders claim the hefty price tag is aimed at accommodating the 1,000 kids per year they expect to gain over the next decade.
With interest, the $193 million school bond package would cost taxpayers $392 million—double the dollar amount voters will see on the May 3 ballot.
City officials are also asking voters to authorize using sales tax revenue for the project.
District voters approved $494 million in school bond debt just four years ago.
With interest, the district’s $290 million bond would cost property taxpayers almost double the amount voters will see on the May ballot.
With interest, the bonds would cost local property taxpayers more than half a billion dollars.
With interest, the bonds would cost property taxpayers $4.5 billion—double the amount voters will see on the May 3 ballot.