Based on Maximum Debt Service Tax Rate Increase and a one-time sale of $124,877,000 of bonds, the District’s debt service tax rate is estimated to increase 16.4 cents.  The projected monthly tax increase of a home valued at $135,000 is estimated to be $16.44.  The tax rate will decrease over the next six years from the anticipated 34.97 cents in 2010 to 23.68 cents in 2014.

These estimates of tax rates are based on certain projected property tax values in the District and that the actual debt service rate is calculated and established each year by the District based on actual property tax appraisal rolls.  Although the District's calculations are based on very conservative estimates, this measure before the voters is an "unlimited tax" measure and the District would have authority to set rates at the necessary amount to cover the debt service obligations as they arise each year.