Lease Purchase Bond Information
On April 2, 2019 the Dallas County R-I School District is asking our voters to increase their property taxes to fund the construction and acquisition of a new Dallas County Technical Center which includes Agriculture classrooms and shop spaces. The ballot language is as follows:
Shall the Board of Education of Dallas County R-I School District be authorized to increase the operating tax levy by forty-six cents ($0.46) per one hundred dollars of assessed valuation to construct, acquire, furnish and equip a new technology center/agricultural facility, such increase to expire in 2044? If this question is approved, the adjusted operating levy of the District is estimated to be $3.81 per one hundred dollars of assessed valuation.
This increase will be $0.46 per $100 of assessed valuation and will sunset in 25 years or when the debt is paid off (whichever occurs first). The ballot language is extremely specific and proceeds from this funding can only be used to construct, acquire, furnish, and equip a new technology center which includes our agriculture programs. Proceeds cannot be used for any expenses related to any other facility or programs in the school district. To calculate the impact on your property please see the assessed value cost calculator. Assessed value is 19% of residential property, 12% of agricultural property, and 33% of commercial property.