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Frequently Asked Questions

A blue banner with white text announcing a Marion School District referendum in November 2024.

  • What assumptions did the district use for estimating the future tax impact related to the borrowing and repayment?
    • Repayment Term: Tax-exempt borrowing and repayment over 20 years
    • Borrowing Interest Rate:  4.75%
      • Current market rates in September of 2024 are 4.00%
    • Equalized Property Value Growth: $391,745,971 in 2023 and $440,963,387 in 2024 with growth of 2% thereafter
    • Tax Mill Rate increase represents the increase over the current mill rate to be used to repay the referendum debt
    • Significant changes in market conditions may require an update to the preliminary financing plan