Bryan City School District Bond Issue (March 2012)
The measure was defeated
- YES 1,627 (43.26%)
- NO 2,134 (56.74%)
This measure sought to issue a bond in the amount of $17 million in order to build a new elementary school building as well as equip, furnish and landscape the current area. A levy of $.39 per $100 of assessed property value would also be implemented to pay for the bond.
Text of measure
The question on the ballot:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
|Shall bonds be issued by the Bryan City School District for the purpose of paying the cost, in anticipation of partial Ohio school facilities commission reimbursement, of constructing a new PK-4 elementary school building and demolishing Lincoln and Washington Elementary School buildings, together with furnishings, equipment, landscaping and all necessary appurtenances in the principal amount of $17,408,123, to be repaid annually over a maximum period of twenty-eight (28) years, and an annual levy of property taxes be made outside the ten-mill limitation, estimated by the county auditor to average over the repayment period of the bond issue three and nine-tenths (3.9) mills for each one dollar of tax valuation, which amounts to thirty-nine cents ($0.39) for each one hundred dollars of tax valuation, commencing in 2012, first due in calendar year 2013, to pay the annual debt charges on the bonds, and to pay debt charges on any notes issued in anticipation of those bonds?|
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