On Tuesday, April 7, residents of the MVR-III School District will vote on a general obligation bond issue not to exceed $43 million. This measure will appear on the ballot as Proposition S.
Bond issues require voter approval of at least 57.14%. When approved, we will use the funds to make improvements at every school, enhance safety and security, and ensure our students continue having the learning environment our community expects.
Prop S will not raise property tax rates. Any increases in the amount of taxes paid would likely be the result of higher property valuations, not from an approved bond issue.
Wondering what the difference is between bonds and levies when it comes to school district finance and ballot issues?
👉 Bonds are for building and may include school additions, new buildings, as well as major renovations or repairs to existing facilities.
👉 Levies are for learning and may cover the salaries and benefits of faculty and staff, as well as textbooks, utilities, school and building supplies, food service, and transportation.
On Tuesday, April 7, voters will consider approving a no-tax-increase bond issue for the Meramec Valley R-III School District. You can learn more about the ways Prop S would invest in our schools and students at https://www.mvr3bond.org.
