Dollars and Cents of The Bond
Costs:
The bond would raise 22.9 million dollars for Estacada Schools. The estimated tax rate is 95 cents per $1,000 of assessed property value
State Matching Funds:
A special opportunity: the State of Oregon has selected the Estacada School District to receive a matching grant of $4,000,000 from the State of Oregon if bonds are approved. The District only receives the grant if bond measure passes. The grant would fund more than 17% of all bond projects at no additional cost to taxpayers.
Bond funds can only be used for voter-approved projects:
The principal amount cannot exceed $22.9 million. Law prohibits the use of bond funds for any expense not listed on this ballot.
Independent Oversight:
An independent citizen Bond Oversight Committee would monitor the progress of the bond, issue regular reports and ensure that projects are being managed responsibly