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SCHOOL DISTRICT 832 - Question No. 2
BY VOTING “YES” ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE.
BY VOTING “YES” ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE. APPROVAL OF SCHOOL DISTRICT BOND ISSUE AND DOWN PAYMENT LEVY The school board of Independent School District No. 832 (Mahtomedi Public Schools) has proposed a project for a phased program of acquisition and betterment of school sites and facilities, including the acquisition of land for a future school site; the renovation, remodeling, upgrading, equipping and construction of additional classrooms and improvements to various school district sites and facilities; and the acquisition and installation of improved technology and technology systems in various school district facilities. The estimated total cost of the project is approximately $15,200,000. The project has received a positive review and comment from the Commissioner of Children, Families and Learning. To provide funds for a portion of the project costs, the board has proposed to issue general obligation school building bonds in an amount not to exceed $12,200,000. To provide funds for the remaining portion of the project costs, the school board has proposed a down payment levy in the amount of 2.73% times the next tax capacity of the school district. The proposed down payment levy will raise approximately $300,000 for taxes payable in 2002, the first year it is to be levied, and would be authorized for ten years. If School District Ballot Question 1 is approved, shall the issuance of the general obligation school building bonds and the down payment levy proposed by the board of Independent School District No. 832 also be approved?
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