Retiring Old Debt
In April 2019, the debt on the 1997 and 2004 referendums will be paid off. This loan benefited the community by funding a new high school, the new Winkler Elementary School, an addition to Lyons Center Elementary School, and outdoor athletic facilities. In 2019, this debt payment tax levy will complete. In 2018, taxpayers paid $1.08 per $1000 of home value on this old debt.
Fiscal Responsibility
- The District has not exceeded the revenue limit since inception (never asking taxpayers for an operating referendum)
- Current outstanding debt is less than 3 percent of our legal borrowing limit
- The District implemented measures such as seeking bids and changing plan designs to contain health insurance costs. This has resulted in an 8 percent reduction in costs since in 2011-12 and 29 percent reduction in costs since 2009-10.
- Further, the District has reduced energy costs by installing a Siemens system and installing LED lighting.
Tax Impact
The estimated mill rate for a $43,655,000 bond is $1.41 per $1000 of property value. This is an increase of $.33 per year per $1000 over the $1.08 paid in 2018. Use the Tax Impact Calculator to determine the tax impact on your property by entering your property value (no commas) below.
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