What would the proposed bond cost, if passed?
The $28,000,000 bond is projected to maintain the current tax rate of $1.70 per $1,000 of assessed value annually. For the mean assessed value of a home in Dallas School District of $200,709, this is approximately $341 per year. Actual rates depend on market conditions when bonds are sold. Bonds would mature not more than 9 years from issuance and may be issued in series.
Dallas School District has been awarded a $4,000,000 Oregon School Capital Improvement Matching (OSCIM) grant that would be available for these projects if the proposed bond measure is passed by the voters. The school district is also seeking other grant funds to complete projects.
If the bond measure does not pass, the proposed projects would not be completed, and the current tax rate would expire on June 30, 2022.