Dollars and Cents of The Bond
The bond would raise $149 million for Estacada’s kids and would cost each homeowner $3.55 per $1000 assessed value.
Our current bond expires in 2025, allowing us to implement this bond at the end of the previous one. You pay $1.17 per thousand today for the 2000 Bond. This Bond would be an increase of $2.38 per $1,000 assessed more than what you pay today.
The bond would cost the Estacada homeowner with an assessed value of $200,000 an additional $39.67 per month.
The Cost To Wait:
As inflation rises and school facility conditions continue to worsen, industry professionals have quoted the costs of delaying construction at an additional $600,000 per month delayed.
Current Bond Expiration:
The last school bond in Estacada was passed in 2000, more than 23 years ago. This bond expires in 2025, allowing the district to pass a new bond in alignment with this date. New bond costs would not go into effect until the current bond costs expire.
The 2000 bond was passed at a rate of $2.19. Taxpayers currently pay $1.17 on that bond due to a combination of a refinance and an increased tax base that have reduced costs for taxpayers. If the current bond proposal passes, similar factors could potentially reduce the cost over time.
State Matching Funds:
A special opportunity: the State of Oregon could potentially select 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 bond projects at no additional cost to taxpayers.
Bond funds can only be used for voter-approved projects:
The principal amount cannot exceed $149 million. Law prohibits the use of bond funds for any expense not listed on this ballot.
An independent citizen Bond Oversight Committee would monitor the progress of the bond, issue regular reports, and ensure that projects are being managed responsibly.
Calculate Your Cost:
- Click the link above to start
- Click Accept
- Select the tax year
- Enter your parcel number or address
- Click Search
- Click View Statement
- Find your assessed value under Values on the left side of the form
Now input your home's assessed value into the calculator below.