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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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