November 2, 2021 Election Resolution and Bond Information

WHAT ARE GO BONDS?:

In order to provide and maintain adequate educational facilities, the Las Vegas City Schools utilizes two available funding sources, General Obligation (“G/O”) Bonds and the Two Mill Levy.

Voters will be asked to approve the issuance of $8,500,000 for capital improvements on Tuesday, November 2, 2021.

Approval of the General Obligation Bond issue will not increase property tax rates. 

 

WHAT IS THE TWO MILL LEVY?:

  • Provides schools with funds to maintain and improve buildings & purchase equipment
  • $2.00 per $1,000 assessed valuation
  • Requires voter approval
  • Re-approval of the Two Mill Tax Levy will not raise property tax rates.  This is a continuation of a tax levy already in place.  Approval of the two mill levy question will continue to provide the district with funds needed for capital improvements.