- 3 charged with burglarizing Scott City bar (10/14/16)4
- West Park Mall to be closed Thanksgiving (10/14/16)2
- Shooting injures two people in Cape early Tuesday (10/19/16)34
- Perry County: A great place to find home away from home (10/14/16)
- Tours provide a glimpse of Cape Girardeau's supposedly haunted past (10/17/16)1
- Cape Girardeau County: A great place to grab a bite (10/14/16)1
- Man charged after cops try to cuff him in his sleep (10/14/16)9
- Three weeks and then what? (10/18/16)1
- Suspected attacker of Southeast student apprehended (10/19/16)5
- Mom jailed with daughter after mailing drug to her (10/16/16)
Your cost if Prop 1 passes
A lot of time, effort and money has been devoted to promoting the passage of a $40 million bond issue, called Proposition 1, for the Cape Girardeau School District. Proponents have explained in great detail where the money will be spent and the resulting improvements. The presentations are slanted toward getting the bond issue passed.
Where will this money come from? It will come from school district taxpayers when the current tax sunsets. If passed, Proposition 1 will continue to collect each year 69.82 cents per $100 of assessed valuation of real and personal property. That sounds small, but how much money does that represent?
To get an approximate amount, take your 2009 property tax and personal property tax and add them together. Multiply this number by 0.14. The following table is an estimate of the amount you will pay each year:
property taxes Prop 1 money
If Prop 1 passes, the Prop 1 money will be collected each year for many years after the current tax ends. If Prop 1 doesn't pass, your tax could go down the amount of Prop 1 money after the current tax ends.
Now you know how many dollars are at stake for you personally when you get out and vote Tuesday.
DENNIS DOBSON, Cape Girardeau