Our May newsletter is attached. Enjoy the sun this weekend.
School measure on the May 17 ballot
Newberg Public Schools are asking voters to approve a $27.1 million bond to repair schools facilities, replace inefficient energy systems
and update and equip classrooms. The measure would cost taxpayers less than what they are currently paying due to a bond retiring. In addition, Newberg School district taxpayers would save $4 million in interest costs because the district was awarded federal stimulus funds that would pay all the interest on $15 million of the bonds. Bond information is on the school district website at
www.newberg.k12.or.us/district/bond-information.
Q. What happens if the school bond doesn’t pass?
A. The current general fund budget would not be able to support the major repairs, textbooks and technology replacements purchases identified in the bond0. The district would still needs to reduce the 2011-12 budget by $700,000, which is equivalent to 12 teachers or six days of school.
Q. Would taxpayers pay on both the retiring bond and the new bond at the same time?
A. No. The new bond would replace the retiring bond. Taxpayers would not pay on both the new and retiring bond at the same time. Costs for the new bond are less than the retiring bond, which reduces the cost to property owners by 85¢ per thousand dollars of assessed value.
May Newsletter 2011 (599 KB) 