The ballot question was as follows:
Shall the District issue $65,000,000 bonds for school security and facility improvements and receive a $7,494,690 State matching grant? If the bonds are approved, they will be payable from taxes on property or property ownership that are not subject to the limits of sections 11 and 11b, Article XI of the Oregon Constitution.
The ballot summary was as follows:
|It is estimated that this measure would not increase current tax rates due to the expiration of existing debt.
The State awarded Centennial School District No. 28Jt a $7,494,690 matching grant if the bonds are approved. If bonds are not approved, grant funds will be distributed to another district.
If approved, the bonds will fund school facility capital projects, including:
Bonds would mature in 30 years or less from issuance date and may be issued in one or more series. The existing tax rate of approximately $1.19 per $1,000 of assessed is projected to continue with no expected increase. Actual levy rates may vary based upon interest rates incurred and changes in assessed value.