Bonds are for Building!
School bonds provide immediate funds for large, long-term capital projects, such as modernization of buildings, new school construction or purchasing property. Bond funds are generally collected over a 15 to 30 year period, and are comparable to your home mortgage.
- On February 14, 2017, Finley voters approved a $10 million bond to:
- Renovate the Career & Technical Education (CTE) Buildings and Greenhouses
- Upgrade athletic facilities, including ADA compliant grandstands, weight room equipment, and locker room modernization
- Improve safety at all three schools with a new security system
- Make numerous improvements to each building in the district (See Proposed Projects for details)
2017 Bond Quick Facts:
- Finley has not proposed a bond to its community in 17 years (since 1999)
- We paid off this bond in 2011 and have been debt-free ever since
- A State-funded STEM Grant received by Finley School District in 2016 is starting the renovation to our Career & Technical Education (CTE) Building
- Tax relief is available to qualified senior citizens through Benton County Assessor's Office
- Questions? Contact Bryan Long at (509) 586-3217 or [email protected]
Estimated Project Costs
Thanks to the passage of the bond, the district will complete the following projects:
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Projects
|
Estimated Project Costs
|
|
Renovate the Career & Technical Education (CTE) Buildings and Greenhouses
|
$2,140,746
|
|
Upgrade athletic facilities, including ADA compliant grandstands, weight room equipment, and locker room modernization
|
$2,556,000
|
|
Install security cameras and new key system at all three school buildings to improve student and staff safety
|
$405,000
|
|
Complete additional projects throughout our school facilities, including new carpeting at the elementary school, new roofing at the middle school, a new water distribution plant at the middle and high school, new lighting in all schools …and more!
|
$4,015,000
|
|
Tax & Contingencies
|
$883,254
|
|
TOTAL
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$10,000,000
|
Projected Tax Rates
Total bond amount requested = $10 million (financed over 20 years)
Estimated 2018 tax rate = $1.44 per $1,000 of assessed property value
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Estimated Tax Payment
|
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Assessed Property Value
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Per Month
|
Per Year
|
|
$100,000
|
$12.00
|
$144.00
|
|
150,000
|
18.00
|
216.00
|
|
200,000
|
24.00
|
288.00
|
|
250,000
|
30.00
|
360.00
|
|
300,000
|
36.00
|
432.00
|
More information on property values can be found at the Benton County Assessor website .
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