Climax Springs School District Bond Issue Questions, 2 (April 2013)

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Two Climax Springs School District Bond Issue questions were defeated on the April 2, 2013 election ballot in Camden and Benton Counties, which are in Missouri.

Both measures would have authorized the Climax Springs School District to increase its debt through issuing general obligation bonds for the purposes outlined below in the text of the questions. The first measure, Proposition A authorizes the amount of $10.5 million and the second measure, Proposition B, is for the amount of $5 million. If both Proposition A and B are approved, Proposition B becomes null and void.

These measures requires a 4/7ths (57.1%) majority approval rate to pass.[1]

Election results

First measure:

All precincts

Climax Springs School Prop A
ResultVotesPercentage
Defeatedd No67366%
Yes 354 34%
These election results are from the KY3 News Election Reporting.

Second measure:

All precincts

Climax Springs School Prop B
ResultVotesPercentage
Defeatedd No67466%
Yes 348 34%
These election results are from the KY3 News Election Reporting.

Text of measure

Text of the first question:

Shall the Board of Education of the Climax Springs R-IV School District, Missouri, borrow

money in the amount of Ten Million Five Hundred Thousand Dollars ($10,500,000) for the purpose of providing funds for the acquisition of land, site development, construction and equipping of a new school building and issue bonds for the payment thereof resulting in an estimated increase to the debt service property tax levy of $0.80 per one hundred dollars of assessed valuation? If this Proposition A is approved, the adjusted debt service levy of the School District is estimated to increase from $0.00 to $0.80 per one hundred dollars of assessed valuation of real and personal property. If the Proposition A and Proposition B are both approved, the Proposition B will become null and void[2]

Text of the second question:

Shall the Board of Education of the Climax Springs R-IV School District, Missouri, borrow

money in the amount of Five Million Dollars ($5,000,000) for the purpose of providing funds to demolish a portion of the current facilities due to structural concerns and issue bonds for the payment thereof resulting in an estimated increase to the debt service property tax levy of $0.40 per one hundred dollars of assessed valuation? If this Proposition B is approved the adjusted debt service levy of the School District is estimated to increase from $0.00 to $0.40 per one hundred dollars of assessed valuation of real and personal property.[1][2]

See also

External links

References

  1. 1.0 1.1 Campden County April 2, 2013 Election School Issues List
  2. 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.