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SCHOOL DISTRICT QUESTION 2 (ISD #264)
Renewal of School District Capital Projects Levy Authorization
The Board of Independent School District No 264 (Herman-Norcross) has proposed to renew its expiring capital project levy authorization in the amount of 1.22% times the net tax capacity of the school district, which expires after taxes payable in 2024. The proposed tax rate is not being increased from the previous year's rate. The renewed capital levy authorization will raise approximately $65.1 54 for taxes payable in 2025, the first year it is to be levied, and would be applicable for ten (10) years. The estimated total cost of the projects to be funded over that time period is approximately $651,541 . The money raised by the capital project levy authorization will be used to cover costs related to bus and van fleet replacement, technology equipment upgrades, technology support, and replacement of asbestos tiles throughout the school. The project or projects provided for by this authorization are estimated to commence no more than five (5) years from the date of the special election authorizing the approval of the capital project levy authorization. The projects are not required to receive a review and comment from the Commissioner of Education.
Shall the renewal of the capital projects levy authorization proposed by the Board of Independent School District No. 264 be approved?
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