How will the bonds affect my tax rate?

The District utilizes most of its current maximum two-cent tax rate to incrementally raise capital funds. Less than a third of the two-cent tax rate is required for ongoing Maintenance & Operations (M&O). The existing two-cent tax is currently projected to support debt payments for over $100 million of bond debt. It is also currently projected that the bond debt payments coupled with the M&O costs would not require the full two cents.

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1. Why use bonds to fund the projects?
2. How will the bonds affect my tax rate?
3. What happens if the bonds do not pass?
4. How will bonds affect project costs?