Manila School Board to ask for millage

Tuesday, June 25, 2013

Marshall Hughes, vice president with First Security Beardsley Public Finance, presented three tax increase options to fund a new high school facility at the Manila School Board meeting Thursday. The first option would increase the millage by 4.0 generating $5,500,000 for projects; option 2 is an increase of 4.7 new mills generating $6,000,000 for projects; and the third option is 5.8 new mills generating $6,770,000. All options included a request to refund the 11/1/2008 bonds and to extend the existing 11.7 mills through 2043.

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