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Estimated Tax Impact
$19.89 Million Bond Issue
The need to address aging facilities in our district has
never been greater. Additionally, the Board seeks to address
many equity, efficiency and safety issues that will allow
the district to continue providing a proper education to our
children, both now and for future generations. The
Board of Education is recommending a 30-year finance plan
for the $19.89 million bond issue. For the past
nineteen years the Atchison County Community School District
mill levy has averaged 30.9 mills, one of the lowest in the
state.
$19.89 Million Bond Issue Financed over 30 years at
5.05%, 28% state aid, with
annualized assessed valuation growth of 3%
|
Home Value |
Annual
Cost |
Monthly
Cost |
Cost per day |
|
$50,000 |
$89.13 |
$7.43 |
$0.24 |
| $75,000 |
$133.69 |
$11.14 |
$0.37 |
| $100,000 |
$178.25 |
$14.85 |
$0.49 |
State Will Pay 28%
Under the current school finance formula, the State of
Kansas will pay 28% of all principal and interest payments
due on the District's bond issues. This equates to
approximately $12,073,059 of the principal and interest
payments due on the District's proposed bond issue that will
be paid by the State of Kansas.
Sales Tax
Not An Option
State law does not allow school districts to levy a sales
tax.
Bond & Interest History
The Bond and Interest mill levy for the District is
0.00. The last Bond payment made by the District was in
1994, for school improvements approved at a bond election in
1974.Unified School District #377, Atchison
County Community Schools
506 6th Street, Effingham, KS 66023
(913) 833-5050 - USD 377 |
