If the proposed Bond measure passes, what would it cost?
The 2024 tax rate for property owners in the Redmond School District was $2.26 per $1,000 of assessed property value. If passed, this measure authorizes the District to sell bonds that would fund the projects outlined in this guide. These new bonds are estimated to maintain the 2024 tax rate of $2.26 per $1,000 of assessed value which translates to $42.67 per month or $512.04 per year for the average homeowner in the district.
Oversight
An independent citizen Bond Oversight Committee would be established to oversee the use of bond funds if the proposed bond measure passes.
What happens if the proposed Bond Measure does not pass?
If the proposed measure does not pass, the college would not sell bonds to fund the projects outlined in this pamphlet. As current bonds are paid off, estimated tax rates will continue to decline.