Sound Off: Bond issue
How much money would the average homeowner save if the school bond issue doesn’t pass?
Kathy Johnson, the Lawrence school district’s finance director, said that if the bond issue is unsuccessful, the mill levy that supports the district’s bond and interest fund would go down. Based on the district’s bond payment schedule for fiscal years 2013 through 2026, Johnson said, that reduction in mill levy would reduce taxes on a $150,000 house by about $8.53 per month, or $102.36 per year. That applies only to the mill levy for the bond and interest fund, and it assumes no increase in local assessed valuations over that time, Johnson said.