Lake Central School District Bond Measure (November 2011)
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A Lake Central School District Bond Measure was on the November 8, 2011 ballot in the Lake Central school district area which is in Lake County.
This measure was approved
- YES 6,775 (55.49%)
- NO 5,434 (44.51%)[1]
This measure sought to issue a bond in the amount of $160 million in order to construct and replace the high school in the district as well as build a new elementary school. An additional tax of $.20 per $100 of assessed value will be added to local property taxes if the bond is implemented. Overcrowding at the schools has been an ongoing issue and the school board sees construction of new facilities as the best means to tackle the issue. Also aging buildings needs to be fixed regardless, school officials hoped final approval of the bond by the Department of Local Government Finance.[2]
Text of measure
The question on the ballot:
| Shall the Lake Central School Corporation, Lake County, Indiana, issue bonds or enter into a lease to finance new construction to replace the majority of Lake Central High School and construct a new Protsman Elementary School which is estimated to cost not more than $160,000,000 and is estimated to increase the property tax rate for debt service by a maximum of $0.4838 per $100 of assessed valuation over the 20 year life of the bonds?[3][4] |
Footnotes
- ↑ Lake County Board of Elections, November Election Summary
- ↑ The Post-Tribune, "LC tax question moves toward November ballot," July 5, 2011
- ↑ Post-Tribune, "Lake Central referendum wording confusing, but intent is not," November 7, 2011
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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