SCHOOL DISTRICT QUESTION 1 (ISD #2904)
APPROVAL OF BOND ISSUE AND CAPITAL PROJECT LEVY AUTHORIZATION
The school board of Independent School District No. 2904 (Tracy Area Schools) has proposed a project for a phased program of betterment of school sites and facilities, including the repair, renovation, remodeling, upgrading, equipping and construction of improvements to various school district sites and facilities, security improvements, and repair, resurfacing and replacement of curbs. To provide funds for a portion of the project costs, the school board has proposed to issue general obligation school building bonds in an amount not to exceed $2,035,000. To provide funds for the remaining portion of the project costs, the school board has proposed a capital project levy authorization in the amount of 0.918% times the net tax capacity of the school district. The proposed capital project levy will raise approximately $100,000 for taxes payables in 2014, 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 by the bonds and the capital project levy authorization is approximately $3,035,000. The projects to be funded have received a positive review and comment from the Commissioner of Education.
BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE.