Propositions
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Here are the three propositions that will be presented to the community on June 11th:
Proposition 1: Critical Infrastructure Improvements
Approve capital bond to fund the following projects:
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Proposition 2: Educational Improvements
Approve capital bond to fund additional projects as follows:
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Proposition 3: Capital Reserve Fund
Establish a Capital Reserve Fund to create the ability for the District to dedicate surplus funds to address future facilities and infrastructure needs at no additional cost to taxpayers
Proposition 3, if approved by voters, would allow the District to establish a Capital Reserve Fund to dedicate unspent budgeted funds to address future facilities needs at no additional cost to taxpayers. In essence, a Capital Reserve Fund allows school districts to create a savings account for future facilities repairs or improvements. The District would need to ask for taxpayer approval before spending any monies in the fund. The District cannot reserve for capital needs with any of its current reserve funds.
The Capital Reserve Fund is a tax neutral proposition.