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.