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a , • HOW WILL BALLOT QUESTION #1 BE STATED? SCHOOL DISTRICT QUESTION BALLOT INDEPENDENT SCHOOL DISTRICT NO.282 (ST.ANTHONY—NEW BRIGHTON) SPECIAL ELECTION November 4,2003 To vote for a question,put an(X)in the square next to the word"YES"for that question. To vote against a question,put an(X)in the square next to the word"NO"for that question. SCHOOL DISTRICT BALLOT QUESTION 1 APPROVAL OF CAPITAL PROJECT LEVY The school board of Independent School District No. 282 (St. Anthony- New Brighton) has proposed to make a capital project levy for school technology improvements with an estimated total cost of $1,260,000. The project has received a positive review and comment from the Commissioner of the Department of Education. To provide funds for project costs,the school board has proposed a capital project levy in the amount of.02713 times the net tax capacity of the school district. The proposed capital project levy will raise approximately$180,000 for taxes • payable in 2004,the first year it is to be levied,and would be authorized for seven years. YES Shall the capital project levy proposed by the board of Independent School District No.282 be approved? NO ** BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE. WHAT DOES BALLOT QUESTION#1 MEAN? The complete wording of this ballot question(and all ballot questions)is required,word for word,by law. In simpler English,here's what the ballot means: The district is proposing a levy of$180,000 per year for seven years,for a total of$1,260,000. The tax impact would be.02713 times the net tax capacity of your property. For a $100,000 home, for example, the net tax capacity is $1,000 (M), so the annual tax impact would be$1,000 x.02713,or$27.13. Another example,for a$175,000 home the net tax capacity is$1,750(1%),so the annual tax impact would be$1,750 x .02713,or$47.47.