Clarification regarding bond vote
Thu, 03/29/2018 - 11:51am
Clarification
Clarification
The Stigler News-Sentinel has a clarification regarding a statement in this week's paper about the school bond vote on April 3.
The statement in the paper reads: “According to the school district, if the bond issue is approved, ad valorem taxes will increase by approximately 20 percent each year for 19 years.”
The amount of the increase is not cumulative. Ad valorem taxes will increase by approximately 20 percent the first year of the bond – and remain at that level for the life of the bond.