How will you pay for the project, and how will this affect my taxes? The Beresford School District would utilize $4.5 million in capital outlay certificates, $4.5 million in bond funds, and $1.5 million in cash to finance the project. Issued capital outlay certificates would not affect a patron’s taxes. Instead, the District would make committed payments from our capital outlay budget for 15 years to help finance the gym addition. A bond issue would impact a patron’s taxes with a mill levy of $0.53 per $1,000. To learn more about the project, go to buildingforberesford.com.
How would you pay for expansion project? How will it impact my taxes?
February 21, 2024