- Obama shortens sentence of inmate from Cape (1/19/17)9
- Jackson police describe night of anger, car crashes, drug possession by 18-year-old (1/22/17)5
- Area hospitals hope a box helps prevent infant deaths (1/19/17)6
- A message from heaven (1/23/17)
- Local students to perform with choir at inauguration (1/19/17)3
- Southeast to lose $3.5 million from state in budget cuts (1/18/17)21
- Subjects of interest in 1992 killing take polygraph tests; results not revealed (1/18/17)2
- Meat-processing plant faces $70K penalty for Clean Water Act violations (1/17/17)4
- Area residents among those attending inauguration, women's march (1/22/17)90
- Comedian, cancer survivor Tom Green headlines sold-out Cancer Center benefit (1/22/17)
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