Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How can there be NO tax rate increase for Question #1?

April 26, 2017increase rate tax

0

10 Posted

How can there be NO tax rate increase for Question #1?

1 Answer

0

10 Posted

There is NO TAX RATE INCREASE associated with Question #1 because the District has been steadily paying down its existing debt. KUSD’s current debt service is scheduled to decrease by approximately $0.21 (per $1,000 of assessed property value) in 2008. The estimated tax impact of Question #1 ($52.5M) is approximately $0.21 starting in 2008 and extending until Year 2028. Therefore, the scheduled decrease allows KUSD to make payments on the proposed referendum (Question #1 ONLY) in place of the former debt service without any additional cost to taxpayers.