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.
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