More than $300 million in school funding will be decided by voters in three Corridor school districts Sept. 12.
Voting in the Iowa City, Linn-Mar or Clear Creek Amana school district? Here’s a rundown of what your district officials say they would use that money for:
How much? $191.5 million
For what? The bond issue, the largest sum ever put to voters in Iowa, would finance completion of the Iowa City district’s 10-year master facility plan. Those projects, according to bond language, include renovations or site improvements at all of the district’s high schools and the alternative high school, all of its junior highs, as well as Shimek, Wood, Wickham, Garner, Horn, Kirkwood, Borlaug, Alexander, Lemme, Mann and Lincoln elementaries.
What does that mean for property tax rates? The district’s total tax rate would increase to $14.96 per $1,000 of taxable assessed value.
How much? $80 million
For what? The bond, district officials say, would pay for two new intermediate school buildings to house fifth- and sixth-graders, a new elementary school building, renovations to the three existing elementary schools and an addition to Excelsior Middle.
What does that mean for property tax rates? It would incrementally increase Linn-Mar’s tax rate to about $19 per $1,000 of taxable assessed property.
Clear Creek Amana
How much? $36 million
For what? The money would be used to build a new elementary school, improve the three existing elementary schools, build a gym at Clear Creek Elementary, rework the middle schools’ access drive and build an addition to the high school and improve its parking.
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What does that mean for property tax rates? District officials said passing the bond would keep the district’s property tax rate stable at about $16.95 per $1,000 of taxable assessed value.