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Board discusses sinking fund change; says bond would still mean a net 3.45‑mill tax increase
Summary
Board members discussed reducing the sinking fund levy by 1.5 mills if the proposed bond passes, but recorded that even with that reduction the bond would result in a net tax increase of 3.45 mills. The board did not set a bond amount or election date in the minutes.
Board members discussed the district sinking fund in relation to an upcoming bond election and said they intend to decrease the sinking fund levy by 1.5 mills if the bond passes. The minutes state that, with that reduction, passage of the bond would still produce a net tax increase of 3.45 mills.
The discussion was recorded as a board discussion rather than a formal motion; no dollar amounts, bond size, or election date were specified in the minutes. The board tied the sinking fund change conditionally to the bond’s passage: the reduction is contingent on voter approval of the bond.
Because the minutes present this as discussion, the record does not assign the statement to a single board member; the entry reads that "The board discussed the sinking fund" and reports the 1.5‑mill decrease and 3.45‑mill net increase figures.
