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School District Question 2 (ISD #284)
REVOKING PORTION OF CAPITAL PROJECT LEVY AUTHORIZATION; APPROVING NEW AUTHORIZATION
The School Board of Independent School District No. 284 (Wayzata Public Schools) has also proposed to revoke a portion of its existing capital project levy authorization of 2.535% times the net tax capacity of the school district and to replace that authorization with a new authorization of 2.535% times the net tax capacity of the school district. The proposed new authorization will raise approximately $3,116,710 for taxes payable in 2010, the first year it is to be levied. The proposed authorization would be applicable for ten years and the estimated total cost of the projects to be funded over that time period is approximately $31,167,104. The money raised by the proposed authorization will be used to provide funding for the acquisition, installation and support of improved technology and technology systems in various school district facilities, and the purchase of instructional equipment. The projects to be funded by the proposed authorization have received a positive review and comment from the Commissioner of Education. Shall a portion of the school district's existing capital project levy authorization be revoked and the new capital project levy authorization proposed by the board of Independent School District No. 284 be approved?
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