Mount Vernon School District Bond Issue Question (April 2013)

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Mount Vernon School District Bond Issue question was approved on the April 2, 2013 election ballot in Lawrence County, which is in Missouri.

This measure authorized the Mt. Vernon School District to increase its debt by $2.5 million through issuing general obligation bonds in that amount in order to fund the construction, equipping and furnishing of a new sports complex. The debt service property tax levy is estimated to not increase but to remain unchanged at 5.7 mills ($5.7 per $1,000 of assessed valuation).[1]

Election results

Lawrence County:

Mount Vernon School Bond
ResultVotesPercentage
Approveda Yes 1229 63.94%
No69336.06%
These election results are from the Lawrence County Record Election Results Reporting.

Text of measure

Text of the question:

Shall the Board of Education of Mt Vernon R-V School District of Lawrence County, Missouri, without an estimated increase in the current debt service property tax levy, borrow money in the amount of Two Million Five Hundred Thousand Dollars ($2,500,000), for the purpose of providing funds to complete site development in order to construct, equip and furnish a new sports complex to be located near the high school on land owned by the District including a football field, eight lane allweather track, bleachers and locker rooms for home and visitors, press box, concession stand, and restrooms; and issue bonds for the payment thereof?

If this proposition is approved, the adjusted debt service levy of the School District is estimated to remain unchanged at $0.57 per one hundred dollars of assessed valuation of real and personal property.

Yes

No[1][2]

See also

External links

References

  1. 1.0 1.1 Lawrence County April 2, 2013 Sample Ballot
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.