Bond Passage Would Help Pay For Mead High Improvements

Thu., March 5, 1998

By Kevin Blocker kevinb@spokesman.com

Mead School District voters are being asked to go the polls on March 10 to determine the fate of a $25 million bond issue and a $16 million maintenance and operations renewal levy.

The majority of the bond measure would go to massive upgrades of 25-year-old Mead High School.

The bond issue would result in a tax increase to property owners of approximately 61 cents per $1,000 of assessed valuation.

That’s a $61 increase in taxes per year on a home assessed at $100,000. The length of the bond would be 13 years.

The estimated tax rate for the 1999 and 2000 levy will provide a continued source of funding for activities and programs.

The proposed two-year levy of $7,778,000 for 1999 and $8,168,000 for 2000 replaces the 1997 and 1998 voter-approved levy.

The bond issue provides funding to construct, equip and modernize buildings, the levy provides local funding to maintain and operate the district’s day-to-day educational programs.

, DataTimes

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