Tuesday, May 6, 2014

Madison Consolidated Schools Referendum Fails

From 953 wiki.com:

Shall Madison Consolidated Schools issue bonds or enter into a lease to finance the renovation of and improvements to Madison Consolidated High School, E.O. Muncie Elementary School and Anderson Elementary School, which is estimated to cost not more than forty million four hundred and seventy thousand dollars ($40,470,000.00) and is estimated to increase the property tax rate for debt service by a maximum of four and twenty-eight one-hundredths ($0.4028) on each one hundred dollars ($100) of assessed valuation over the nineteen (19) year life of the bonds?”
YES:  1371
NO:    4514