ANNUAL SCHOOL ELECTION SET FOR MAY 18

In order to take advantage of historically low interest rates, the Springdale School District is asking patrons to approve the refinancing of existing debt and the extension of the current millage rate at its annual school election on May 18, 2021. This will allow the District to finance new classrooms and facilities at Central Junior High, Southwest Junior High and Springdale High School. The total estimated cost of these projects is $125 million.  The State of Arkansas has committed to pay $35 million toward the cost of these projects with the condition that the school district fund the remaining balance of $90 million.  If the District is unable to fund the $90 million, then the $35 million from the State will be forfeited.

Questions and Answers

Q: What is the date of the millage election?
A. The date of the millage election is Tuesday, May 18th 2021.

Q. What are the times and locations to vote?
A. See the document to the right.

Q: Is the school district asking for more mills?
A. No.

Q. Will this vote increase my property taxes?
A) No. This will not increase your property taxes.  The Springdale Schools debt mills will be extended but the number of mills will not increase.

Q. When do the District’s current mills expire?
A. The District’s current mills expire in 2041.  The District is requesting to extend the current mills to 2051.

Q. What is Springdale’s current millage rate compared to other school districts?
A. Springdale’s current millage rate is 40.50 mills.  The average millage rate for school districts in Washington and Benton Counties is 43.46 mills.

Q. When would construction begin and end on these projects?
A. In order to receive the $35 million from the State, the construction projects have to start within the next 12 to 18 months and be completed within 3 to 4 years.

Voting Times and Locations

Document

Click the image above to read the document