4.33 Operating Renewal FAQ
Frequently Asked Questions
When was this issue passed? August 1991
How much money does this renewal generate for B-C-S? $1,606,088 annually
What happens if the renewal fails?
Since the voters in B-C-S are currently taxed at the 20-mil floor, the taxes paid by residential or agricultural land owners will NOT DECREASE.
Of the $1.6 million dollars paid into the school district from this levy, we will still collect roughly $800,000 from our property tax owners.
So what happens to the other $800,000?
If this issue fails, our effective tax rate will fall by 4.33 mils. Companies paying into the school district through public utility taxes will pay $800,000 less, causing our school district to lose $800,000 per year.