How will the bond impact the current tax rate?
There will be no tax increase. The Seminole Board of Trustees is committed to no increase to the current $.13 tax rate.
How will these funds be impacted by recapture?
Every dollar generated by the bond will stay in Seminole with NO Recapture to the State. This proposition will save over $7.5 million in Recapture had it raised the same amount through the M&O rate.