Local voters will be deciding the fate of a school bond issue, and a quarter-cent city sales tax increase and elect one city council member during next Tuesday’s General Municipal Election.
The Palmyra R-I School District has proposed a no-tax-increase bond issue that, if approved, would raise $3.5 million to fund various capital improvement projects at all three schools.
Passage of Proposition 2 would not raise the district’s debt service levy, which would remain at 68 cents per $100 assessed valuation.
The ballot issue requires more than a 57 percent majority of R-I district voters in favor for passage.
A simple majority of Palmyra voters in favor is required to pass the city’s proposed Proposition A, which would raise the city sales tax a quarter cent.
Technically the issue would be a half-cent capital improvement sales tax to replace the quarter cent sales tax currently in place.
See more in this week's Palmyra Spectator.