Voters in the Van-Far R-I School District are being asked to approve a no tax increase bond issue when they go to the polls on Election Day April 3.
A “Yes” vote on Proposition A will allow the district to borrow $1,400,000 that results in no estimated increase to the debt service property tax levy. This would provide funs to complete “energy efficiency improvements including heating, ventilation and air conditioning system upgrades, roof repairs and replacement, tuck pointing and brick replacement, and other remodeling and repair improvements to the existing facilities of the district.”
The move also issues bonds for the payment and the levy will remain unchanged at $0.6348 per one hundred dollars of assessed valuation of real and personal property.
“These expensive projects are difficult to budget for during a normal year,” said Van-Far Superintendent Chris Felmlee in a recent letter. “The school is in need of completing critical maintenance projects on both of its buildings. Over the past several years the members of the board and I have taken important and intentional steps to make this a no tax increase bond issue. We have paid additional money each year toward our debt and refinanced our current debt.”
Three open meetings have been held by Superintendent Felmlee to answer questions about Proposition A.
To read more about Proposition A, visit http://cfelmlee.edublogs.org/2012/03/12/no-tax-increase-bond-issue-april-3-2012/