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Why do we use bond funds to make necessary investments to replace and renovate Schools?
In the State of Utah, state income tax goes primarily to instruction and instruction support, while money required for building and maintaining schools comes primarily from local property taxes through bonding. Our current operating budget cannot support large capital investments without taking dollars away from necessary maintenance and instructional programs.
How much will the bond cost me?
It is estimated that the 2014 bond will increase the tax rate over the course of the replacement schedule by about $9.24 per month, or about $111 per year, on a $210,000 primary residence. It is proposed that the bond will be repaid over the next 20 years.
What is the cost to business owners?
If the bond election passes, a business with a taxable valuation of $210,000 should expect to see a property tax increase above the current taxes paid of about $16.80 per month, or about $202 per year.
How does Provo City School District’s tax rate compare to other districts?
Provo City School District has one of the lowest tax rates in Utah County. We have managed to maintain a low tax rate through very conservative budgeting and by maintaining a low administrative costs.
What can bond money be used for?
Bond money can be used by the School District for constructing new schools and purchasing necessary land for future schools.
Why should I vote for the bond if I don’t currently have children in the school system?
Provo residents pay considerably less than Nebo and Alpine School District residents. Even with the addition of 108 million dollar bond, Provo residents will pay less tax than neighboring districts.
In the State of Utah, state income tax goes primarily to instruction and instruction support, while money required for building and maintaining schools comes primarily from local property taxes through bonding. Our current operating budget cannot support large capital investments without taking dollars away from necessary maintenance and instructional programs.
How much will the bond cost me?
It is estimated that the 2014 bond will increase the tax rate over the course of the replacement schedule by about $9.24 per month, or about $111 per year, on a $210,000 primary residence. It is proposed that the bond will be repaid over the next 20 years.
What is the cost to business owners?
If the bond election passes, a business with a taxable valuation of $210,000 should expect to see a property tax increase above the current taxes paid of about $16.80 per month, or about $202 per year.
How does Provo City School District’s tax rate compare to other districts?
Provo City School District has one of the lowest tax rates in Utah County. We have managed to maintain a low tax rate through very conservative budgeting and by maintaining a low administrative costs.
What can bond money be used for?
Bond money can be used by the School District for constructing new schools and purchasing necessary land for future schools.
Why should I vote for the bond if I don’t currently have children in the school system?
- School design and construction creates many local jobs.
- New schools attract business and families to the neighborhood, which increases property values over time.
- Most of our schools were built prior to technology advances and can’t be adapted.
- We all benefit from a well educated community.
Provo residents pay considerably less than Nebo and Alpine School District residents. Even with the addition of 108 million dollar bond, Provo residents will pay less tax than neighboring districts.