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Referendum Fact Sheet
Watch the Tour of Meissner Junior High
Background Information
Bunker Hill School District
currently has three school buildings – Wolf Ridge (K-5), Meissner (Pre-K, 6
- 8), and High School (9 –12). Meissner, the oldest of the three buildings, is
in need of extensive repairs – repairs that are estimated to be no less than $4
million.
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Extensive roof repairs – estimated
to cost approximately $1 million.
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Non-compliant ADA (Americans with
Disabilities Act) building
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Restrooms
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Stairways
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Entrances
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Outdated facilities and equipment
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No air-conditioning
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Inadequate Heating – some rooms 60
degrees, others are 90 degrees on the same day
Benefits of Relocating to Wolf Ridge Addition
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New State of the Art facility
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Increased staff efficiency
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New IHSA regulation gym –
scheduling options increased
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Decreased Utility and Maintenance
costs
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ADA compliance
Project Plan
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New classroom wing added to Wolf
Ridge
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New Gym, IHSA regulation, with
locker rooms
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Restrooms for new wing
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Upgrade Kitchen facility at Wolf
Ridge
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High school upgrades to electrical
service, science labs
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Air condition high school
classroom wing
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Demolish existing Meissner
Facility
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Relocate and install landmarks
from Meissner at Wolf Ridge
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Sell Meissner property for residential development to benefit the school
district and community
Tax Referendum – how much?
Currently the
Board of Education has two options – a $ .495 option and a $. 69 option. The
difference has to due with the length of time the bond would be paid back. Just
like a car payment, the larger payments pay it off more quickly. The financial
burden is a bit heavier, but the length of time of that burden is shorter.
Example
----- $150,000 home with a $.50 increase
$150,000 home is taxed at
one-third the value of the home = $50,000 home
Taxes are applied per $100
of value = $500
2006 tax rate of about $4.14 makes the tax bill
for this home about $2070.
Bond tax increase (for example)
New tax is applied at the rate to the
amount of $500
If it were a 50 cents increase: $500 x
$.50 = $250.00
Tax rate with Bond addition = $4.14+ $.50 =
$4.64
New tax bill for the home is now = $2320
(for a limited number of years) or less than a $ .70 a day increase for this
property owner.
Example
----- $150,000 home with a $.70 increase
$150,000 home is taxed at
one-third the value of the home = $50,000 home
Taxes are applied per $100
of value = $500
2006 tax rate of about $4.14 makes the tax bill
for this home about $2070.
Bond tax increase (for example)
New tax is applied at the rate to the
amount of $500
If it were a 70 cents increase: $500 x
$.70 = $350.00
Tax rate with Bond addition = $4.14+ $.70 =
$4.84
New tax bill for the home is
now = $2420 (for a limited number of years) or slightly less than $ .96
a day increase for this property owner.
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