At a special board meeting on August 11, the Orcas Island School District Board of Directors voted to adopt a resolution to place a Capital Projects Levy for $900,000.00 on the November 8 ballot.
This would be a one year levy for $900,000. The proceeds would be used to pay off the debt generated by the recent non-voted bond sale. The mil rate for the projected levy would be approximately 30 cents per thousand dollars of assessed value, and would be for a single year only.
This debt was undertaken by the School Board in order to match the grant that pays for the elementary school heat and plumbing projects that are being completed this summer.
The board also adopted a resolution approving a short-term inter-fund loan from the Capital Projects Fund to the General Fund.
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