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Measure B - Mountain Empire Unified School District Bond Measure
Measure B - Mountain Empire Unified School District Bond Measure
Measure B - Mountain Empire Unified School District Bond Measure
March 5, 2024
March 5, 2024
March 5, 2024
Overview
Measure B is a $20 million bond measure on the March 5, 2024 ballot funding upgrades and repairs to schools in the district.
Key Facts
Requires 55% voter approval
Would authorize $20 million in bonds to be issued by the school district
Bond repayment would levy a property tax of approximately $40 per $100,000 of assessed value
Funds would go towards repairs, renovations, and facility upgrades focused on Mountain Empire High School
Financial Impact
Property owners would pay an additional $40 in taxes for every $100,000 of their property's assessed value to repay the bonds.
Who is Impacted
Property owners in the Mountain Empire Unified School District boundaries would pay the higher property taxes to repay the bonds if Measure B is approved.
Intended For
The bonds are intended to pay for overdue repairs, renovations and upgrades to school facilities and infrastructure, with a focus on Mountain Empire High School.
Voter Impacts
Voters decide whether they want to pay higher property taxes to fund school infrastructure improvements. Approval provides the financing but increases taxes while rejection avoids a direct tax hike but also loses funding sources sought by the district to upgrade facilities.
In summary, Mountain Empire's $20 million Measure B school bond proposal would fund district-wide repairs and renovations through property taxes levied at an estimated $40 per $100,000 of assessed home value.
Overview
Measure B is a $20 million bond measure on the March 5, 2024 ballot funding upgrades and repairs to schools in the district.
Key Facts
Requires 55% voter approval
Would authorize $20 million in bonds to be issued by the school district
Bond repayment would levy a property tax of approximately $40 per $100,000 of assessed value
Funds would go towards repairs, renovations, and facility upgrades focused on Mountain Empire High School
Financial Impact
Property owners would pay an additional $40 in taxes for every $100,000 of their property's assessed value to repay the bonds.
Who is Impacted
Property owners in the Mountain Empire Unified School District boundaries would pay the higher property taxes to repay the bonds if Measure B is approved.
Intended For
The bonds are intended to pay for overdue repairs, renovations and upgrades to school facilities and infrastructure, with a focus on Mountain Empire High School.
Voter Impacts
Voters decide whether they want to pay higher property taxes to fund school infrastructure improvements. Approval provides the financing but increases taxes while rejection avoids a direct tax hike but also loses funding sources sought by the district to upgrade facilities.
In summary, Mountain Empire's $20 million Measure B school bond proposal would fund district-wide repairs and renovations through property taxes levied at an estimated $40 per $100,000 of assessed home value.
Overview
Measure B is a $20 million bond measure on the March 5, 2024 ballot funding upgrades and repairs to schools in the district.
Key Facts
Requires 55% voter approval
Would authorize $20 million in bonds to be issued by the school district
Bond repayment would levy a property tax of approximately $40 per $100,000 of assessed value
Funds would go towards repairs, renovations, and facility upgrades focused on Mountain Empire High School
Financial Impact
Property owners would pay an additional $40 in taxes for every $100,000 of their property's assessed value to repay the bonds.
Who is Impacted
Property owners in the Mountain Empire Unified School District boundaries would pay the higher property taxes to repay the bonds if Measure B is approved.
Intended For
The bonds are intended to pay for overdue repairs, renovations and upgrades to school facilities and infrastructure, with a focus on Mountain Empire High School.
Voter Impacts
Voters decide whether they want to pay higher property taxes to fund school infrastructure improvements. Approval provides the financing but increases taxes while rejection avoids a direct tax hike but also loses funding sources sought by the district to upgrade facilities.
In summary, Mountain Empire's $20 million Measure B school bond proposal would fund district-wide repairs and renovations through property taxes levied at an estimated $40 per $100,000 of assessed home value.
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