May 17, 2018
There is only one way to get a break on school taxes in Jasper County—vote NO on the ELOST of $9.9 million. Your property taxes are never going down, but you can vote to save 1% of all purchases by voting NO on ELOST.
Tomorrow is the last day for early voting. Voting day is next Tuesday, May 22.
What’s at stake? More textbooks? Computers? No, a new $8M stadium.
This ELOST is for $9.9M of obligation debt the School Board wants to use to build a new stadium complex.
According to the legal ad, this new debt will start in 2020 and go through 2035. Since this ELOST will only be for 5 years, there will have to be 3 consecutive ELOST approvals to pay off the entire debt.
The first $8M they want to raise in this self imposed tax will be used to pay $1.5M on 2005 bonds still outstanding and $6.5M on “projects.” The main project is a new stadium complex.
Citizens, be informed and stay informed! Only by being informed, can the citizens understand what is being done and talked about, and then press our officials to make good decisions for everyone in Jasper County. That is our goal with the Taxdogs blog.