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LPS Superintendent Does Not Think Voters Have Appetite For Any Tax Increase

(KFOR NEWS  October 16, 2019)  The Lincoln School Board is looking at 5 bond options to pay for expansion around the district.  3 of the options comes with tax increases.  The 2 which do not, have different bond amounts with different pay-off periods. On KFOR’s Lincoln Live. LPS Superintendent, Dr. Steve Joel, said he tends to favor paying off debt as quickly as possible, but admits the decision is up to the School Board, which intends to come up with a recommended bond amount in December, with a bond on a ballot in early February.

Model A 
– $286 Million
– 25-Year Authorization
– 16.1 Cent Levy
– No Tax Increase

Model B 
– $317.7 Million
– 30-Year Authorization
– 16.1 Cent Levy
– No Tax Increase

Model C 
– $322 Million
– 25-Year Authorization
– 17.1 Cent Levy
– Tax Increase = About $10 per $100,000 home value

Model D 
– $357.6 Million
– 30-Year Authorization
– 17.1 Cent Levy
– Tax Increase = About $10 per $100,000 home value

Model E 
– $476.7 Million
– 25-Year Authorization
– 21.8 Cent Levy
– Tax Increase = About $57 per $100,000 home value

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