Question #2
In 2021, the District will pay off a loan that funded past building projects. As a result, the debt portion of the school tax levy will drop. Using a homeowner analogy, we are about to pay off the mortgage of our home. This reduction of loan payments will minimize the tax impact of any new spending.
Question #2 Assumptions:
- Financing split over two issues (in 2019 and 2020) at estimated interest rates of 4.25%-4.50%
- Valuation Growth: 2.00% through 2022 and 0.00% thereafter
- State Aid Reimbursement: 35% (current tertiary level)
*Information Provided by PMA Securities
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