Question 1 - 41.6 Mill School Tax

The total tax rate proposed above includes the uniform rate of tax (the "Statewide Uniform Rate") to be collected on all taxable property in the State and remitted to the State Treasurer pursuant to Amendment No. 74 to the Arkansas Constitution to be used solely for maintenance and operation of schools in the State. As provided in Amendment No. 74, the Statewide Uniform Rate replaces a portion of the existing rate of tax levied by this School District and available for maintenance and operations of schools in this District. The total proposed school tax levy of 41.6 mills includes 26.4 mills specifically voted for general maintenance and operation, 3.0 mills voted for dedicated maintenance and operation expenditures dedicated specifically for the purposes of purchasing technology and renovating and repairing existing facilities and 12.2 mills voted for debt service previously voted as a continuing levy pledged for the retirement of existing bonded indebtedness. The surplus revenues produced each year by debt service millage may be used by the District for other school purposes.