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• HOW WILL BALLOT QUESTION#3 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 3 APPROVAL OF SCHOOL DISTRICT REFERENDUM REVENUE AUTHORIZATION The board of Independent School District No. 282(St. Anthony—New Brighton),has proposed to increase its general education revenue by $400.00 per resident marginal cost pupil unit. The additional revenue will be used to finance school operations and the property tax portion thereof will require an estimated referendum tax rate of approximately .00039403 of the referendum market value of all taxable property in the district for taxes payable in 2004,the first year it is to be levied, and an estimated referendum tax rate of approximately .00055470 of the referendum market value of all taxable property in the district for the first year the increase is at the maximum of$400.00. The proposed referendum revenue authorization would be applicable for • four(4)years unless otherwise revoked or reduced as provided by law. 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#3 MEAN? Let's start with what it doesn't mean. It does not mean that your tax increase will be$400 per year. $400 per resident marginal cost pupil unit is legal language that means an operating levy that provides$400 per pupil unit that resides in the district ("Pupil unit" is a weighted student count that allocates funding based on a student's grade level.) $400 is not your tax increase. It's the other figures in the ballot language—.00039403 and .00055470—that determine the possible range of your annual tax increase. Your tax increase will be .00039403 times the estimated market value of your property as listed on your property tax statement. For example, a home with an estimated market value of$100,000 would see an annual tax increase of.00039403 x $100,000,or$39.40. To find out the maximum it could possibly increase over the four years would be to utilize the.00055470 multiplier,netting a maximum increase by the fourth year of$55.47 on a home with an estimated market value of$100,000.