Bond Referendum

Untitled Slide

Gratitude

Why?

What?

• New elementary school
• Early childhood center
• Sibley
• Bridgewater
• Longfellow

Tour

Bond Cost and Tax Impact

• Bond Cost: $40.975 million (20-year bond)
• Annual tax impact for $250,000 home: $27 (or $2.25/month)
• Tax impact estimation tool available at District website

Summary

• We listened to the community
• Focus on early learning yields huge benefits
• Relieve PreK-5 space issues
• Improve security

Questions?

Net Impact of Capitalized Interest

• Reduces tax impact in 2019 and 2020 by $1.25 million per year
• Increase in taxes from new bonds is 79% lower
• Slightly higher tax levies in 2021–2038 than without it
• Total tax levies over 20 years slightly higher - $1.2 million, or 2% of total