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Ballot Language Breakdown
UNDERSTANDING THE BALLOT LANGUAGE
BALLOT LANGUAGE INFORMATION
What is the ballot language?
In the ballot language, the first paragraph states a not to exceed figure of $43,000,000 of general obligation unlimited tax bonds, what does this mean?
In the ballot language, it states that the estimated millage that will be levied in 2025 to pay the proposed bonds in the first year is 0.46 mills, what does this mean?
In the ballot language, it states the estimated millage that will be levied for the proposed bonds in 2025 is 0.46 mills . . . for a 0.00 mill net increase over the prior year’s levy, what does this mean?
In the ballot language it states that the maximum number of years any series of bonds may be outstanding, exclusive of refunding, is not more than 19 years, what does this mean?
In the ballot language, it states that the estimated simple average annual millage that will be required to retire each bond series is 2.99 mills annually, what does this mean?