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Finance committee outlines $4 million life‑safety bond and tax‑rate alternative; homeowner impact estimates provided
Summary
The Finance and Facilities Committee presented two funding options: a $4 million life‑safety bond (estimated at $132/year for a median $231,000 home on a 10‑year loan) or a tax‑limiting rate increase to improve wages; the committee will present property‑tax impact data in early June with a Committee of the Whole tentatively set for June 10.
The district's Finance and Facilities Committee presented two primary options to raise capital and operational funding: a $4 million life‑safety bond targeted to facility upgrades, or a tax‑limiting rate increase intended to shore up operating competitiveness for staff pay. The committee emphasized the district would not pursue both options simultaneously.
The presentation included homeowner impact estimates, noting that "for a median home valued at $231,000, the recommended $4 million bond would cost $132 per year on a ten‑year loan or $244 per year on a five‑year loan." District staff said they will provide detailed tax‑impact figures in early June and convene a Committee of the Whole on June 10 to review those data before any board decision.
