Capital Project Financing

What’s all of this going to cost me, as a taxpayer?

For the $7,050,545 Proposition #1 Capital Project, the average cost to the taxpayer varies based on two factors. Do you have STAR/SENIOR STAR and what is the full value of your home?

For SENIOR STAR recipients, there is no annual cost to those taxpayers with homes valued under $80,000. An $80,000 home will carry an average additional annual cost of $1 annually; $2 annually for a $90,000 home.

For STAR recipients on a primary residence, a $60,000 full value homeowner will have an average additional cost of $2 annually; an $80,000 home will carry an average additional annual cost of $3; $4 annually for a $90,000 home.

For non-primary residence homeowners, a $60,000 full value homeowner will have an average additional cost of $4 annually; an $80,000 home will carry an average additional annual cost of $5; $6 annually for a $90,000 home.

For the Combined $9,815,000 Proposition 1 & 2 Capital Project:

For SENIOR STAR recipients, there is no annual cost to those taxpayers with homes valued under $60,000. An $80,000 home will carry an average additional annual cost of $6 annually; $10 annually for a $90,000 home.

For STAR recipients on a primary residence, a $60,000 full value homeowner will have an average additional cost of $13 annually; an $80,000 home will carry an average additional annual cost of $21; $25 annually for a $90,000 home.

For non-primary residence homeowners, a $60,000 full value homeowner will have an average additional cost of $25 annually; an $80,000 home will carry an average additional annual cost of $34; $38 annually for a $90,000 home.

Please come to vote on Propositions #1 & #2 on Tuesday, March 24, from 2:00-8:00 in the high school cafeteria. We’ve been responsible to our taxpayers with zero percent increases since 2008 and we continue to be responsible with the project propositions we put before you for your vote on March 24. Please come March 24, 2015 to support our students and programs!

Project Financing

 

 

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2 Comments
  1. Thanks Scott! I want the voters to have as much information as possible and as it’s difficult for busy families to attend public meetings, I’m hopeful that this mode of communication with links to our district website, Twitter and Facebook will provide people with the details they need.

  2. Kimberly: Your posts about your proposed Capital Project have been outstanding! Your communications on this have been very, very clear and easy to understand.

    I hope your community supports this endeavor! Good luck.

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