Long-Term Financial Commitment
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Estimated Total Cost with Interest
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Average Household Impact
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Learn Now
When a district borrows $139 million, they don't just pay back $139 million. With interest rates for municipal bonds currently averaging between 4.5% and 5.5%, the total repayment over 30 years can often be double the original amount borrowed.
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Every dollar spent on bond interest is a dollar that cannot be spent on teachers, books, or specialized student programs.
This measure locks the Florence community into a high-interest debt cycle until the year 2056.
If your home's assessed value increases over the next 30 years, your $68/month payment will also go up, even if your income stays the same.
When you take out a 30-year mortgage, you pay for the house plus the interest.
This school bond is no different. While the district asks for $139 Million, taxpayers will likely pay back over $250 Million once interest and bond issuance fees are
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A $139 million principal that grows with interest.
$68.75/month for the average family.
Investing that same money directly into curriculum rigor and teacher retention today—without the 30 years of interest payments to big banks.
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