Dollars and Cents of The Bond
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.
An independent citizen Bond Oversight Committee would monitor the progress of the bond, issue regular reports and ensure that projects are being managed responsibly