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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.
Ø Extensive roof repairs – estimated to cost approximately $1 million.
Ø Non-compliant ADA (Americans with Disabilities Act) building
o Restrooms
o Stairways
o Entrances
Ø Outdated facilities and equipment
Ø No air-conditioning
Ø Inadequate Heating – some rooms 60 degrees, others are 90 degrees on the same day
Benefits of Relocating to Wolf Ridge Addition
ü New State of the Art facility
ü Increased staff efficiency
ü New IHSA regulation gym – scheduling options increased
ü Decreased Utility and Maintenance costs
ü ADA compliance
Project Plan
ü New classroom wing added to Wolf Ridge
ü New Gym, IHSA regulation, with locker rooms
ü Restrooms for new wing
ü Upgrade Kitchen facility at Wolf Ridge
ü High school upgrades to electrical service, science labs
ü Air condition high school classroom wing
ü Demolish existing Meissner Facility
ü Relocate and install landmarks from Meissner at Wolf Ridge
ü 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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