Levy amount needed escalates quickly

If we do not pass a levy this November, 2012, due to the delay in property tax assessments as well as the rapid use of our carryover balance, the amount we will need to maintain programs will escalate rapidly.  Below are the levy amounts/cost to homeowners required if the levy is postponed:

Date of levy           Mills needed                Cost to homeowner

November, 2012   4.5 mills       $137/$100,000 in retail home valuation

May, 2013            6.3 mills      $192/$100,000 in retail home valuation

May, 2014            10.5 mills    $322/$100,000 in retail home valuation

As you can see, the amount we need just to keep our current programs & services escalates rapidly.  If we pass a 4.5 mill levy in November, 2012, we will be able to maintain for at least 4 years.  This is by far the most cost-effective option for keeping what we have and maintaining our high level of education.

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