The total referendum value for the proposed capital project is $26,690,000. It will be paid for with funds from the capital reserve ($7,195,000 plus accrued interest) and available district funds of $19,495,000. State support at the conclusion of the project will represent building aid of 97% of the project’s value, plus EXCEL Grant funds on a portion of the project.

As a result, there will be NO TAX IMPACT for district residents and businesses.