SCHOOL DISTRICT QUESTION 2 (ISD #270)
Revoking Existing Capital Project Levy Authorizations; Approving A New Authorization
The board of Independent School District No. 270 (Hopkins Public Schools) has proposed to revoke its existing capital project levy authorization of 6.386535% times the net tax capacity of the school district as approved in 2010 and its existing capital project levy authorization of 1.882% times the net tax capacity of the school district as approved in 2013, and to replace those two authorizations with a new combined authorization of 8.7054% times the net tax capacity of the school district.
The proposed new authorization will raise approximately $9,963,839 for taxes payable in 2018, the first year it is to be levied, and would be authorized for ten years. The estimated total cost of the projects to be funded over that time period is approximately $99,638,390. The money raised by the proposed authorization will be used to provide funds for the acquisition, installation and maintenance of software, curriculum, instructional equipment and improved technology and technology systems in various school district facilities.
Shall the school district's two existing capital project levy authorizations be revoked and the new capital project levy authorization proposed by the board of Independent School District No. 270 be approved?
BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE.
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