School District Question 1 - Renewal of Expiring Capital Project Levy Authorization

The School Board hereby determines and declares that it is necessary and expedient for the School District to renew its existing capital project levy authorization which is scheduled to expire after taxes payable in 2023. The proposed capital project levy authorization will be in the amount of 2.208% times the net tax capacity of the School District. The proposed capital project levy will raise approximately $2,590,309 for taxes payable in 2024, the first year it is to be levied, and would be authorized for ten (10) years. The estimated total cost of the projects to be funded by the approved capital project levy authorization during that time period is approximately $25,903,090. The additional revenue from the proposed capital project levy authorization will provide funds for upgraded safety and security; technology and related services; the purchase of textbooks, curriculum materials and equipment, and musical instruments; and the purchase of buses and vans for student transportation. The project has received a positive Review and Comment from the Commissioner of Education. Shall the capital project levy authorization proposed by the board of Independent School District No. 624 be approved?