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SCHOOL DISTRICT QUESTION 1 (ISD #477)
Approval of School Building Bonds; New Capital Project Levy Authorization
The School Board of Independent School District No. 477 (Princeton Public Schools) has proposed to issue general obligation school building bonds in an amount not to exceed $49,140,000 to provide funds for the acquisition and betterment of school sites and facilities, including, but not limited to, the renovation of and additions to the Princeton High School and various deferred capital maintenance projects. The School Board of Independent School District No. 477 (Princeton Public Schools) has proposed a new capital project levy authorization in the maximum amount of 2.287% times the net tax capacity of the School District. The proposed capital project levy authorization will raise approximately $750,000 for taxes first levied in 2025, payable in 2026, and will be authorized for ten (10) years. The estimated total cost of the projects to be funded is approximately $7,500,000. The additional revenue from the proposed capital project levy authorization will be used to provide funds for school district technology, including technology systems related to safety and security, classroom and building technology, digital curriculum, support and maintenance of software, software licenses, computers, technology infrastructure and network improvements, device replacement, and to pay the costs of technology related personnel and training
Shall the issuance of the general obligation school building bonds and the new capital project levy authorization proposed by the School Board of Independent School District No. 477 (Princeton Public Schools) be approved?
BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE.
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