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Estacada

Estacada

School Bond

  • The Condition of Schools
  • The 2020 Bond
  • Costs
  • Contact
  • Frequently Asked Questions (FAQ)

Costs

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

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