TITLE

Voting in Vilonia

AUTHOR(S)
Albance, Elizabeth
PUB. DATE
September 2004
SOURCE
Bond Buyer;9/14/2004, Vol. 349 Issue 31968, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that voters in Vilonia City, Arkansas, will have the opportunity in coming weeks to weigh in on separate bond questions to finance projects for the city and its schools. The school district has placed a 5.5 million tax increase on the coming September 21, 2004, ballot to finance a new $8 million middle school. It is estimated that if the election is approved, the district's total tax rate will increase to 39.2 mills. The city has a 0.5% sales tax referendum on the November 2, 2003, ballot. Proceeds from the tax would back debt issued to finance new municipal building. If approved, the city's sales tax rate would be 2%. The additional tax would generate about $80,000 per year to cover debt service needs for the building, which would cost about $800,000.
ACCESSION #
14438069

 

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