Our needs cannot be addressed within the annual operating budget. Therefore, the District has to ask taxpayers permission to borrow money to cover the cost of the proposed project.
- Referendum Amount = $28,300,000
- Max Mill Rate Impact = $0.29 per $1,000 valuation (over projected 2022-23*)
*Assumes: Multi-phased borrowing approach. Each debt issue amortized over 20 years at a planning interest rate of 4.75%-5.00%. Planning estimates only. Prepared by Robert W. Baird & Co.