Sept. 7, 2000 By Jim Mimiaga The Re-1 school board agreed Tuesday night on wording for a November ballot question that seeks voter permission to continue a mill-levy increase that was approved in 1993 but which is set to expire this year. The tax financed a now-completed expansion project at the Cortez Middle School. That project will be paid off in December, at which point the 5.1-mill increase used to finance bonds for the $6 million project officially expires. But the board hopes to retain a mill of 5.0 for the next three years in order to fund special building and technology needs for the 3,350-student school district. The mill-levy continuation would bring in an estimated $900,000 in additional taxes per year for the next three years, assuming assessed value on property from which it is derived from stays where it is now. The estimated $2.7 million total would not be used for financing debt service in the form of bonds, explained Re-1 Superintendent Bill Thompson. Rather, the taxes would be spent as they came in, pumping up resources for technology and space needs. "We’re not using them for backing a bond," he said. "As the tax comes in, it will be spent. People are already paying it now, so we are asking them to continue with that." Under a priority plan drawn up by the board and Re-1 staff, the money would be spent on the following. For the first year:
During the second year, the mill-levy funds being requested would be spent as follows:
For the third year:
"We’re faced with a certain amount of repairs and upkeep as we watch our grade schools grow and classrooms become stretched," said Re-1 Board President Steve Hinton of the mill-levy request. "Our endeavor to keep up with technology is also a big priority that needs to be dealt with." Re-1 Business Manager Jim Riffey said that the request for a continuation of the mill levy to pay for capital improvements on a yearly basis is more fiscally responsible than using it to back a large bond repaid over many years. "Our community is a more pay-as-you-go electorate," he said. "Doing it this way is more prudent because you’re not paying out all the interest and bonding costs." Capital-reserve funds now in savings will also help to finance the above-mentioned projects, he said. |
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