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When will the new bond issue be paid off?

The bond issue on the ballot in November is a 30-year issue. The district worked with the Hamilton County auditor to determine the property tax rate needed over the 30-year life of the levy.  As a result, a 4 mill bond issue will be on the ballot. To minimize the impact on property owners, the debt will be structured so that taxpayers will pay only 2.4 mills or $84 per $100,000 of market value above what they currently pay for the district’s debt.