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SCHOOL DISTRICT QUESTION 1 (ISD #182)
APPROVE CAPITAL PROJECT LEVY AND BOND ISSUE
The school board of Independent School District No. 182 (Crosby-Ironton Public Schools) has proposed a project for the acquisition and betterment of school sites and facilities, including without limitation repair, maintenance, remodeling, and equipping of existing facilities Districtwide; and the acquisition, installation and maintenance of technology infrastructure improvements and instructional equipment. To provide funds for the portion of project costs to be financed with bond proceeds, the board has proposed to issue general obligation school building bonds in the maximum principal amount of $29,560,000. To provide funds for the technology portion of the project costs, the school board has proposed a capital project levy authorization in the amount of 0.994% times the net tax capacity of the school district. The proposed authorization would raise approximately $200,000 for taxes payable in 2020, the first year it is to be levied, and would be authorized for ten years unless earlier revoked or reduced as provided by law. The estimated total cost of the projects to be funded by the capital project levy is approximately $2,000,000 .
Shall the issuance of the general obligation school building bonds and the capital project levy proposed by the school board of Independent School District No. 182 be approved?
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