Financial

WHAT WILL THE BOND COST ME?

NET LEVY INCREASE DUE TO BOND ISSUE
11.0 CENTS PER $100 OF VALUATION*

Residential/Commercial Property

$100,000$110/year
$200,000$220/year
$300,000$330/year
$400,000$440/year
$500,000$550/year

Agricultural Land (per year)**

AcreQuarter
Irrigated$3.48$557
Dry$1.45$232
Grass$0.86$138

*Based on 16 Cent Bond Levy – 5 Cent reduction bond/building fund levy
**Based on average assessed value per acre in Custer County according to NE Dept of Revenue

COST WITHOUT A BOND?

  • Approximately $10,000,000 is required just to address code, safety, and security issues
  • Board would have to levy maximum of 14 cents annually in Special Building Fund to generate $1.3 million per year
  • Would take 10 years to save up $13,000,000 to address code, safety, and security issues (3-5% annual inflation)
  • Board could continue to save and phase with 14 cent building fund levy for the foreseeable future to address needs
  • A 14 cent building fund along with current bond being paid off is projected to result in about a 9 cent levy impact per year

BUILD BOW TOGETHER NOW = 11 CENT NET ANNUAL LEVY IMPACT

SAVE AND PHASE OVER THE NEXT 20-25 YEARS =
9 CENT NET ANNUAL LEVY IMPACT

FOR AN ADDITIONAL 2 CENTS PER $100 OF VALUATION PER YEAR ALL FACILITY AND PROGRAM NEEDS CAN BE ADDRESSED NOW.