Will my taxes increase if this bond passes?
No. The proposed $15.7 million bond is structured with a 0.00% projected tax increase for property owners.
How is that possible? Miami Public Schools is able to do this because existing bond debt is being paid down, and local revenues have increased. This allows the district to replace an expiring bond with a new one without raising the current tax rate.
In simple terms, this plan keeps the school bond portion of your taxes at the same level, while allowing the district to move forward with much-needed facility improvements.
You can read more details about the bond at our website: miamiwardogs.com/bond-election