Clark County School District to ask voters to OK six-year property tax increase for repairs and renovations

Paul Takahashi:

The Clark County School Board unanimously voted Wednesday to pursue a ballot question seeking voter approval for a six-year property tax increase to renovate and replace aging schools.

Although the exact wording of the question has yet to be determined, voters will be asked in November to allow the School District to launch a capital levy program that funds school maintenance on what the district is calling a pay-as-you-go basis.

Under the proposal, property taxes would increase about $74 annually on a house valued at $100,000 to begin funding high-priority school construction and rehabilitation projects.

The tax increase would generate $669 million over the six-year period, district officials said, assuming there are no further declines in property values past 2013. The property tax rate would return to its current rate after the six years.

Posted by Jim Zellmer at May 6, 2012 1:08 AM
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