Financial Information

Our needs cannot be addressed within the annual operating budget. Therefore, the District has to ask taxpayers permission to borrow money to cover the cost of the proposed project.

  • Referendum Amount = $28,300,000
  • Max Mill Rate Impact = $0.29 per $1,000 valuation (over projected 2022-23*) 

*Assumes: Multi-phased borrowing approach. Each debt issue amortized over 20 years at a planning interest rate of 4.75%-5.00%. Planning estimates only. Prepared by Robert W. Baird & Co.