The following is actual language that will appear on the November 6, 2007 ballot.
remodeling existing School District buildings, including energy conservation, climate control, safety and security improvements;
The School District estimates that the debt millage levy required to retire the bonds of the District currently outstanding and proposed by this ballot proposal will be 2.50 mills ($2.50 per $1,000 of taxable value). The estimated millage to be levied in 2008 to service this issue of bonds is 1.69 mills ($1.69 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds of this issue is 1.76 mills ($1.76 per $1,000 of taxable value). The bonds may be payable in not to exceed twenty-one (21) years from the date of issue. If the School District borrows from the State to pay debt service on the bonds of this issue, the School District may be required to continue to levy mills beyond the term of the bonds to repay the State.
(Under state law, bond proceeds may not be used to pay teacher or administrator salaries, routine maintenance costs or other School District operating expenses.)