Deer Park School District Bond Measure (May 2011)

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A Deer Park School District Bond Measure was on the May 3, 2011 ballot in the Deer Park school district which is in Hamilton County.

This measure was defeated

  • YES 980 (43.25%)
  • NO 1,286 (56.75%)Defeatedd[1]

This measure sought to issue a bond in the amount of $30 million with a levy of 5.86 mills, in order to help construct a new elementary school and renovate and upgrade the high school facilities as well.[2]

Text of measure

The question on the ballot:

Shall bonds be issued by the Deer Park Community City School District for the purpose of CONSTRUCTING A NEW ELEMENTARY SCHOOL AND RENOVATING THE JUNIOR/SENIOR HIGH SCHOOL, TOGETHER WITH NECESSARY FURNISHINGS, EQUIPMENT AND LANDSCAPING, AND ALL NECESSARY APPURTENANCES THERETO in the principal amount of $30,000,000 to be repaid annually over a maximum period of thirty-eight (38) years, and an annual levy of property taxes be made outside of the ten-mill limitation, estimated by the county auditor to average over the repayment period of the bond issue five and eighty-six hundredths (5.86) mills for each one dollar of tax valuation, which amounts to fifty-eight and sixtenths cents ($0.586) for each one hundred dollars of tax valuation, commencing in 2011, first due in calendar year 2012, to pay the annual debt charges on the bonds, and to pay debt charges on any notes issued in anticipation of those bonds?[3]

References

  1. Hamilton County Board of Elections, May Election Results
  2. Hamilton County Board of Elections, May Issues List
  3. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.