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HOW WILL BALLOT QUESTION#2 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 2 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 the acquisition of curriculum materials with an estimated total cost of $980,000. 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.0211 times the net tax capacity of the school district. The proposed capital project levy will raise approximately$140,000 for taxes payable in 2004, the first year it is to be levied,and would be authorized • for seven years. YES Shall the capita] 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 #2 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$140,000 per year for seven years, for a total of$980,000. The tax impact would be .0211 times the net tax capacity of your property. For a $100,000 home, for example, the net tax capacity is $1,000 (1%), so the annual tax impact would be$1,000 x .0211, or$21.10. 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.0211,or$36.92. •