Superior Residents to Vote on School Funding
Referendum Vote April 5th
Sorry, this video is no longer available
The Superior School District is requesting a referendum to fund around $92.5 million worth of repairs and improvements across the districts schools.
Superintendent Janna Stevens says if an April 5th referendum passes the district will take out bonds to pay for the work.
Those bonds will need to be paid back over a period of 20 years to pay for the various capital projects.
The bonds would be repaid by an increase in property taxes with an average equivalent of $0.61 for every $1,000 dollars in property value.
That means for a $100,000 home taxes would go up around $61 and for a $200,000 home taxes would increase $132.
Stevens said the taxes could be less than the projected amount but final figures aren’t currently available.
The Superior School District has already set up a website for the referendum.
The school district says the money will provide secure entrances for all Superior schools, new class areas at superior high school, and an entirely new Cooper Elementary School.
A public information meeting is already scheduled for September 16th at the Superior High School.