PROP A
The proposed bond would be funded through the school district’s Interest & Sinking (I&S) tax rate and is projected to result in a limited, measurable impact for most property owners, with protections in place for homeowners age 65 and older.
Bond Amount
at a Glance
Total bond amount:
Proposition A: $27.5 million
Bond funds may only be used for voter-approved projects.
Tax Rate History
ESTIMATED TAX
RATE IMPACT
If approved, Proposition A would be funded through the district’s Interest & Sinking (I&S) tax rate, which is used only to repay voter-approved bonds and cannot be used for daily operations.
Based on current estimates, the proposed bond would result in an estimated 26.41¢ increase to the I&S tax rate.
Homeowners age 65 and older who have applied for and received the age-65 homestead exemption would not see an increase above their frozen tax amount.
Understanding the
