What are the tax levy issues on the May 2 ballot?
- 7-year RENEWAL of the 10.4 mills levy first approved in 1993; last renewed in 2013
- 5-year RENEWAL of the 10.7 mills levy approved as a new tax in 2013
- These are NOT NEW TAXES!
Who will benefit from passage of the levies?
- Property owners who want stable-to-increasing property value
- Families who appreciate classroom stability
- Businesses that rely on a vibrant and confident community
- And most of all, our children!
What is the cost to homeowners?
- The two RENEWALS will simply continue the real estate taxes homeowners have been paying since passage in 2013:
- 7-year RENEWAL of the 10.4 mills levy first approved in 1993; last renewed in 2013
- 5-year RENEWAL of the 10.7 mills levy approved in 2013
- These are NOT NEW TAXES!
- The cost to homeowners will not increase during the term of the levies even if property values increase.
Why is passage of BOTH tax levy RENEWALS needed now?
- Revenue generated from the two expiring tax levies will end in 2018.
- Together, the two tax levies provide $7.9 million in annual revenue, nearly half of local tax revenue or approximately 13.5% of the District’s total revenue.
- Without the two RENEWALS, we risk slipping back into “fiscal emergency” and the resulting financial consequences.
(Note: the District was classified as in “fiscal emergency” when a 10.7 mills renewal levy was not passed in 2012.)