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SCHOOL DISTRICT QUESTION 1 (ISD #390)
Approval of Bond Issue and Capital Project Levy Authorization
The school board of Independent School District No. 390 (Lake of the Woods) has proposed a project for the acquisition and betterment of school sites and facilities, including roof repairs, exterior masonry; window replacements; flooring repair; the construction of site safety and traffic flow improvements to the school site and facility; the completion of various deferred maintenance and infrastructure projects at that facility; the acquisition, installation, replacement, support and maintenance of software, educational software, software licenses, computers, improved technology equipment, networks, infrastructure, the costs of technology related personnel and training; the purchase and replacement of school buses and school-related transportation vehicles; and the acquisition of curriculum, textbooks and materials. To provide funds for a portion of the project costs, the school board has proposed to issue general obligation school building bonds in an amount not to exceed $5,000,000. To provide funds for the remaining portion of the project costs, the school board has proposed a capital project levy authorization in the amount of 4.969% times the net tax capacity of the school district. The proposed capital project levy will raise approximately $400,000 for taxes payable in 2026, the first year it is to be levied, and would be authorized for ten (10) years. The estimated total cost of the projects to be funded by the capital project levy authorization is approximately $4,000,000. The projects to be funded have received a positive review and comment from the Commissioner of Education.
Shall the issuance of the general obligation school building bonds and the capital project levy authorization proposed by the school board of Independent School District No. 390 be approved?
BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE.
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