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Moreland board approves tax-levy resolution to set rate ahead of $18 million Measure M bond sale
Summary
The Moreland School District board voted to approve a county tax-levy resolution to set the tax rate now for the planned Series C sale of $18 million left under Measure M, a move officials said will stabilize rates for homeowners and could save about $1 million in interest costs when bonds are issued.
The Moreland School District Board of Trustees voted this evening to approve a tax-levy resolution intended to set the tax rate in advance of a planned sale of the remaining $18 million in Measure M school bonds.
Consultant Chris Hyatt (S2), introduced by district staff as representing KeyJet, told the board that voters approved Measure M in March 2020 for $80 million and the district has sold about $62 million to date. Hyatt said setting a tax levy now would "maintain the tax rate for voters so that they don't see a decline in tax…
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