USD 402 :: School Bond Information

Please mark and return your ballot this week!
Ballots were mailed to every registered voter in USD 402 April 22.	Ballots must be mailed back in time to reach the election office by noon Tuesday, May 6.	Please gather all the facts and return your ballot!
The SCHOOL BOND PROMOTIONAL CAMPAIGN COMMITTEE, called K.I.D.S. (Keep Improving District Schools), is a privately funded group of citizens in favor of the bond issue. More members are welcome at any time. SUB-COMMITTEES: Fundraising Gary Myers, Chair Promotional Karen Maxwell, Chair Voter Participation Armand Hillier, Chair Public Speaking Committee Organizational Chart Please call 775-5484 to be part of any of these sub-committees or for more information. This committee is made up of USD 402 citizens in favor of the bond issue and is funded entirely from private donations.	DID YOU KNOW?	INFORMATION
	Even though the total bond issue is for $48,000,000, our district's taxpayers will only be assessed for $25,920,000 in principal. Current Kansas state law allows for a portion of school bonds to be paid by the state. School districts qualify for different portions depending on the overall wealth of the district's citizens, with the wealthier districts qualifying for smaller portions. Augusta USD 402 qualifies for 46% state funding of school bonds. With this state funding, our projected mill increase would be 6.59 mills, compared to an increase of 21.01 mills without the state aid! This means that if the bond issue passes, 46% of the $48,000,000 principal (AND 46% of the bond interest) will be paid with state money--money that is collected from people all over the state. In other words, over $22,080,000 of money paid into the state by people all over the state will come directly back to Augusta. The other 54% of the $48,000,000 principal, which amounts to $25,920,000, (plus 54% of the bond interest) will be paid by money collected from the new assessment on our school district patrons' property taxes. Other Kansas school districts that pass bond issues also receive state funding--money collected from people all over the state (including USD 402 citizens!) according to the percentage for which their district qualifies.	The Actual Ballot Question How much will your property taxes increase if the bond issue passes? Tentative Timeline Tentative Budget Summary Information Provided by the Growth Committee USD 402 Mill Rate History

Shall the following be adopted?

Shall Unified School District No. 402, Butler County, Kansas (Augusta), issue general obligation bonds in an amount not to exceed $48,000,000, to pay the costs to: (i) construct, furnish and equip classroom additions and lunch room and make renovations and improvements to Ewalt Elementary School; (ii) construct, furnish and equip classroom additions and gymnasium and make renovations and improvements to Robinson Elementary School; (iii) construct, furnish and equip a new elementary school at the site of the existing Garfield Elementary School and raze the existing structure; (iv) construct, furnish and equip a new elementary school at the site of the existing Lincoln Elementary School and raze the existing structure; (v) construct, furnish and equip additions and make renovations and improvements to the existing High School and related athletic complex; (vi) construct, furnish and equip classroom additions and a gymnasium and make renovations and improvements to the Middle School; and (vii) make all other necessary improvements appurtenant thereto; all pursuant to the provisions of K.S.A. 10-101 et seq.; K.S.A. 25-431 et seq.; K.S.A. 25-2018(f); K.S.A. 72-6761; and K.S.A. 75-2315 et seq.?

USD 402 School Bond Information