Union Township School Corporation - School Operation Tax Levy

SHALL UNION TOWNSHIP SCHOOL CORPORATION INCREASE PROPERTY TAXES PAID TO THE SCHOOL CORPORATION FOR NO MORE THAN EIGHT (8) YEARS FOR THE PURPOSE OF FUNDING AND CONTINUING EDUCATIONAL AND OPERATIONAL STABILITY IN RESPONSE TO REDUCTIONS IN PROPERTY TAX REVENUE, INCLUDING ATTRACTING AND RETAINING TEACHERS AND STAFF, MAINTAINING CLASS SIZES, MAINTAINING ACADEMIC AND EDUCATIONALLY RELATED PROGRAMS, AND MAINTAINING ESSENTIAL SAFETY AND SECURITY STANDARDS FOR THE CHILDREN OF UNION TOWNSHIP BY IMPOSING A PROPERTY TAX RATE THAT DOES NOT EXCEED $0.35 AND RESULTS IN A MAXIMUM ANNUAL AMOUNT THAT DOES NOT EXCEED $3,374,291. IF THIS OPERATING REFERENDUM PUBLIC QUESTION IS APPROVED BY THE VOTERS, FOR A MEDIAN RESIDENCE OF $400,000, THE PROPERTY'S ANNUAL PROPERTY TAX BILL WOULD INCREASE BY $681 PER YEAR.