Five-Year Capital Projects Local Option Tax

Question: Shall the District impose $.40 per $1,000 of assessed value to finance capital projects? This measure is a five year rate levy commencing 1999-2000. This measure may cause property taxes to increase more than three percent.

Summary: This measure is a fixed rate, capital improvement levy of $.40 per $1,000 for the next five years, commencing with the fiscal year 1999-2000. The yield would increase each year as value increases, as follows:

Fiscal Year Projected Yield

Beginning July 1 of

1999 $ 187,000

2000 213,690

2001 231,630

2002 251,788

2003 273,800

Total Yield $1,157,908

The taxes would be used to finance capital improvements and apparatus replacement and to pay all costs incidental thereto. The one-time capital improvements include completing the training facility; purchasing Information Management System (computers), LDH hose and adapters, radio equipment and small equipment; creating office storage; and refurbishing fire station to comply with ADA standards. The apparatus (fire trucks) to be replaced includes E806 Pumper Ladder, T809 Water Tanker, R823 Rescue, E835 Interface Fire Engine and S814 Squad Suburban.

If the levy described above raises more money than estimated, the excess collections above that estimate shall be considered a budget resource for the levy fund in the next fiscal year.