Miles Independent School District

The MISD Board of Trustees unanimously passed an Order calling for a bond election on May 9, 2015

 
The Miles Board calls for $7,000,000 school bond election. With the bond a new Elementary campus will be constructed, which include upgrades to furnishings, safety and technology. The following is the cost breakdowns:
 
 Bond Issue $7,000,000
    Construction Cost $6,100,000
    Design Fees $400,000
    Technology Expenses $200,000
    Furnishings  $175,000
    Construction Contingency Fund  $75,000
    Bond Issue Expense $50,000
    Utility Expense $35,000
    Geotechnical Report $25,000
    Survey $20,000
    Third Party Plan Review $10,000
 
Tax Impact
Assumes up to a $0.309 cent increase in debt service tax rate. On a $69,000 home (e.g. approximate, average home value in Miles) the estimated annual increase in taxes would be $213.21 or $17.77 per month. Homeowners who hold a "65 and over exemption" would see no tax increase as their taxes are frozen. (See chart below)
 
 Home Value Less: State Mandated Home Exemption  Net Taxable Value  Tax Impact ($0.309) 
 $50,000 $15,000   $35,000  $108.15 
 $75,000  $15,000   $60,000 $185.40
 $100,000  $15,000   $85,000  $262.65 
 $125,000  $15,000   $110,000 $339.90
 $150,000  $15,000   $135,000  $417.15 
 $175,000  $15,000   $160,000  $494.40
 $200,000  $15,000   $185,000  $571.65
 

In order to participate in early voting for the school bond election, citizens must be registered to vote and have a current address in the District by March 28th.

 
 
 Election Day
 May 9, 2015
7:00am - 7:00pm
 Miles City Hall 
110 Robinsion
 Miles, TX 76861 
 
Early Voting 
April 27 - May 5
(Weekdays only) 
8:30am - 5:00pm 
Miles City Hall 
   
 
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