On Tuesday, November 7, the voters of Van Meter CSD will have the opportunity to vote on a bond issue for $18,000,000. This funding along with borrowing up to $13,000,000 from S.A.V.E. (1% Sales Tax) will allow the district to put an addition on to the building that will provide up to 20 new classrooms, a multi-purpose performing arts center, secure entrances, improved traffic flow and parking, improved concession stand and restrooms at the stadium, and renovations in the current building which will meet current and future needs of the district.
Because our school board has been working to pay down our current debt, the debt service part of our tax rate is currently $3.98/$1000 of assessed valuation. If approved, this election would require the district to tax at $4.05 for debt service. However, by adjusting other components of the tax rate, the district and the board are committed to keeping the overall rate at or potentially below the current rate of $16.10. This project will not increase the district’s overall tax rate.
For the bond issue to pass, 60% of voters need to support the measure. Learn more about the project at vanmeterbond.org Also, there will be two more public forums about the project, information shared on social media and through the mail, and be looking for more videos from me as well.
Feel free to email me at deron.durflinger@vmbulldogs.com with any questions.
