On August 4, 2020, voters in the Smithville School District will be asked to consider two questions: A no tax rate increase bond issue, and a no tax rate increase levy fund transfer.
If Question 1 is approved, the no tax rate increase bond issue will result in the completion of Phase 1 of the District’s Master Building Plan. Each phase of the Master Building Plan is contingent upon the successful completion of Phase 1. There are three phases in the current Long-range Master Building Plan. The components of the $14.1 million no tax rate increase bond package include Phase 1 projects.
If Question 2 is approved by the voters, the no tax rate increase levy fund transfer will generate about $250,000. The funds will be used to increase programs to enhance opportunities for all students, increase funding for classroom supplies, technology for students and staff, pay staff competitive wages, and other district wide needs. In the short-term, the funds would be used to stabilize our budget due to recent cuts in the state allocations because of the global pandemic. In the future, the funds would be used to implement the current strategic plan.
Shall the Smithville R-II School District issue its general obligation bonds in the amount of $14,100,000 for the purpose of constructing, improving, renovating, furnishing and equipping school facilities, including construction of six additional classrooms at Eagle Heights Elementary School, a field house/activity center at the stadium, playground improvements, and various mechanical improvements?
If this question is approved, the District’s debt service property tax levy is estimated to remain unchanged at $1.1535 per one hundred dollars of assessed valuation of real and personal property.
Shall the Board of Education of Smithville R-II School District be authorized to increase the District’s operating property tax levy by $0.10 per one hundred dollars of assessed valuation for the purpose of paying general operating expenses of the District?
If this question is approved, the adjusted operating property tax levy of the District is expected to increase from $3.9465 to $4.0465 per one hundred dollars of assessed valuation of real and personal property and the District expects to make a corresponding reduction of its debt service property tax levy by $0.10 from $1.1535 to $1.0535 per one hundred dollars of assessed valuation, resulting in the estimated overall District adjusted property tax levy remaining unchanged at $5.1000 per one hundred dollars of assessed valuation.
Be an educated voter when you cast your ballot on August 4.Contacts:Dr. Todd Schuetz, Superintendent of SchoolsDr. Michelle Kratofil, Assistant Superintendent for Academic ServicesMr. Robert Hedgecorth, Executive Director of Support Services