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SCHOOL DISTRICT QUESTION 1 (ISD #271)
REVOKING EXISTING CAPITAL PROJECT LEVY AUTHORIZATION; APPROVING NEW AUTHORIZATION
The school board of Independent School District No. 271 (Bloomington) has proposed to revoke its existing adjusted capital project levy authorization of 2.625% times the net tax capacity of the school district and to replace that authorization with a new authorization of 5.858% times the net tax capacity of the school district. The proposed new authorization will raise approximately $6,000,000 for taxes payable in 2014, the first year it is to be levied and would be applicable for ten years. The estimated total cost of the projects to be funded over that time period is approximately $60,000,000.
The money raised by the proposed authorization will be used to provide funding for the acquisition, installation, support and maintenance of software and technology and the acquisition and installation of safety and security improvements to school district facilities. The projects to be funded by the proposed authorization have received a positive review and comment from the Commissioner of Education.
Shall the school district's existing adjusted capital project levy authorization be revoked and the new capital project levy authorization proposed by the board of Independent School District No. 271 be approved?
BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE.
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