WAVERLY COMMUNITY SCHOOLS BOND PROPOSAL 2021
BOND PROPOSAL INFORMATION
Dear Waverly Community,
The Board of Education is considering placing a bond proposal on the May 4, 2021 ballot. This proposal would not increase taxes and will focus on adding capacity at the elementary buildings, and address safety, security, and facility improvements. This proposal is in response to a year-long study including a comprehensive facility assessment, board work sessions and staff meetings.
Waverly Community Schools is thankful for your ongoing support of quality education. As we move forward in these uncertain times, we are continuing to plan for how to serve your Warriors with Pride, Tradition and Excellence now and into the future. In the coming weeks and months ahead, WCS will provide our community with opportunities to participate in the development of this bond proposal.
I know that this Pandemic has been a challenging time for our entire community. We look forward to the day that our buildings are full of children again-that day will come. We are hopeful that we can improve our facilities for all of our future Waverly Warriors! For more information on the bond proposal, be sure to check our Facebook, website, and email messages for updates.
Yours in partnership,
What is the financial impact on property owners?
The district can issue these new bonds and raise
approximately $125 million with no tax rate increase above the district’s 2020 debt levy. If approved, we expect to continue to levy at the current debt millage rate.
No tax rate increase would generate $125 million.
Why ask voters now?
We are able to ask the voters to consider this $125 million proposal without increasing the tax debt rate by extending our current millage rate. This opportunity is only available for a short time before the millage drops off. The changes being proposed will affect the learning environments for generations for future students.