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The original item was published from 4/21/2016 10:35:32 AM to 5/4/2016 12:05:04 AM.

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Posted on: April 21, 2016

[ARCHIVED] USD 490 Bond Buzz

Q. What do taxpayers already pay each month on existing bonds?

A. We currently have a mill levy for bond and interest of 16.217 mills, about $15 on a $100,000 home per month. Adding 7.5 mills would raise that to 23.717, or about $23 a month on a $100,000 home, approximately.

For comparison: Andover’s bond and interest is 26.01, Circle’s is 22.799, and Augusta sits at 21.312. Additionally, all three of those districts assess all 8 mills of their capital outlay authority (Augusta is actually at 7.878), while El Dorado only assesses 4 mills of our 8 mill authority.

For more information visit our website at www.eldroadoschools.org or contact the District Office @ 322-4800.

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