This proposed referendum would step into the dollar amount over three years. Because we will be using some of our fund balance (similar to a savings account) to offset the deficit and because we will have a previously passed non-recurring referendum expire, the amount gradually increases from $6,000,000 for the 2023-2024 school year; by an additional $1,600,000 million for the 2024-2025 school year; and by an additional $2,500,000 plus $3,700,000 for the 2025-2026 school year and thereafter. In 2016, voters approved a non-recurring referendum and renewed (extended) it in 2020 for $3,700,000. The $3,700,000 rolls into the proposed referendum in Year 3. |