Question 1 - School Bonds Referendum

Additional property taxes may be levied on property located in Orange County in an amount sufficient to pay the principal of and interest on bonds if approved by the following ballot question. Shall the order authorizing $300,000,000 bonds plus interest to pay capital costs of providing school facilities and paying related costs and providing that additional taxes may be levied in an amount sufficient to pay the principal of and interest on the bonds, as adopted by the County's Board of Commissioners on June 18, 2024, be approved, in light of the following: (1) The estimated cumulative cost over the life of the bond, using the highest interest rate charged for similar debt over the last 20 years, would be $480,360,000. (2) The estimated amount of property tax liability increase for each one hundred thousand dollars ($100,000) of property tax value to service the cumulative cost over the life of the bond provided above would be $34.10 per year.