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Why is the district asking for a new building? -- Our elementary buildings need to be replaced due to various infrastructure issues (water, electrical, mechanical, heating, cooling, air quality, etc...).
Why is the district asking for this new building now? -- Public schools in the state of Missouri are able to qualify for federal "Stimulus" funds and they are only available during the 2009-2010 school year. These funds come in the form of interest-free and low interest bonds.
Has this type of Stimulus money ever been available before? -- No.
How much of the Stimulus money could the district receive? -- Approximately $6,000,000.
What type of project is being proposed? -- A building that would house all students in grades 2 to 5.
How many students would that be? -- Approximately 800 students.
What has been the total number of students in grades 2-5 for the past few years?
2009 = 748
2008 = 751
2007 = 664
2006 = 658
2005 = 663
2004 = 630
Where will the building be located? -- South of the Stone Hedge Country Club, on the east side of South Odell Avenue/Business 65. The property is known as the Banks Property and it is currently a bean field. The area is approximately 25 acres.
How much will the building costs? -- Approximately $20,350,000.
What is the cost estimate per square foot? -- Approximately $156 per square foot.
When is the election date and how many votes will it take in order for the issue to pass? -- The election date is Tuesday, Nov. 3, 2009. The issues requires a 4/7 (57 percent) approval.
What will happen to the current elementary buildings? -- The district will evaluate the buildings to see if they are suitable for any other educational programs. If they are not usable, then the buildings will be sold.
How much will this increase our taxes? -- $0.80, and only in the Debt Service Fund. This money can only be used to pay for the building.
Does the district currently have a Debt Service tax? -- No.
How can we calculate how much this will increase our taxes? -- In order to calculate the impact of $0.80, simply follow this formula: Assessed value of the property times $0.80, divided by 100, divided by 12.
What are some examples of how much this might cost taxpayers with different assessed values?
Residential Property
Market Value / Monthly Increase of $0.80
$40,000 / $5.07
$50,000 / $6.33
$60,000 / $7.60
$75,000 / $9.50
$100,000 / $12.67
Agricultural Property
Market Value / Monthly Increase of $0.80
$100,000 / $8.00
$200,000 / $16.00
$400,000 / $32.00
$500,000 / $40.00
Commercial Property
Market Value / Monthly Increase of $0.80
$100,000 / $21.33
$200,000 / $42.67
$400,000 / $85.33
$500,000 / $106.67
Personal Property
Market Value / Monthly Increase of $0.80
$5,000 / $1.11
$10,000 / $2.22
$25,000 / $5.56
$50,000 / $11.11
The district would also be happy to calculate the exact amount for you. Please contact Superintendent Craig Noah at 886-7414 for assistance.
What is the total tax levy for the district and how do we compare to other schools?
School / Debt Service / Total Levy
Marshall / $0.00 / $3.06
Mexico / $0.57 / $2.81
Booneville / $0.68 / $3.28
Kirksville / $0 .81 / $3.29
Fulton / $0.74 / $3.30
Hannibal / $0.46 / $3.31
Lexington / $0.93 / $3.32
Santa Fe / $0.43 / $3.40
Moberly / $0.60 / $3.59
Chillicothe / $0.50 / $3.68
Comments
Just a quick comment as I am a new user on this comments board. It was nice to see the bond information that was noted above. I can see both sides to the arguments for and against it. When I used the calculator above and based the formula on the recent notice I had received, my tax would only go up about $100 per year. I didn't grow up here in Marshall, but my family and I have now made it our home over the past 15 years. I enjoy what Marshall has to offer and overall am pleased with the direction the town has moved towards. For a town of this size we have a lot to offer...there is a great YMCA, a wonderful park, great civic organizations to be involved with, and many other conveniences of a larger scale town. I know that many may think that $100 is a lot to add to their yearly tax payment. But what is $100 dollars a year...just over $8 per month. If Marshall is going to continue to survive as a viable community that people want to move into, we need to look towards the future and make the town as attractive as we can. A new large scale school is something that we can be proud of and advertise to those thinking of coming here. The only thing I would suggest is that we need to size the school for the future and perhaps look towards that 1000 student population. Just because we leveled out the past two years doesn't mean it will stay that way. I sure don't want to see a brand new school with a couple of trailers attached to it to catch the overflow!
Auntmeme3401, I don't know who you speak for, but it isn't me. What organization (your "we) has decided they don't want their kids in one school? If you think the one building is expensive, try building three separate buildings in neighborhoods after you've torn down existing buildings. Also, why would you think the placement of this planned building is "playing up to the affluent in the community?" If I lived out there, which I don't, I wouldn't want the increased traffic the school will bring. I want to thank the school board for sticking with this and fighting for ALL kids, regardless of their parents' bank accounts!
By the way, the fact sheet is very informative. Thanks for posting it, Eric.
Have you noticed how they figure out what you
would pay monthly? Figuring the yearly total
would look like too much. I live on Social Security and just can't afford the 0.80. Will I
lose my house over this or quit taking my meds.
Our dear superintendent will decide next that he
needs a new central office because it is too small. The year that property taxes raise is not
the year to raise them more for a school bond issue.
All kids are together in Middle School and High School. Why must elementary be separate? Also please explain the tragedy comment.
AS Before they have decided without the taxpayers in put what they want and where. We do not want all our kids in one school. We want our neighborhood schools back. And as in the past they choose a totally inappropriate property placement. They have the place for tragedy too happen. Also playing upto the affluent in the community and to hell with the rest of us. We are not K.C., Columbia, St Louis. Listen to your taxpayers school board or you maybe replaced by those of us you choose to ignore.