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HOLYOKE SCHOOL DISTRICT RE-1J Ballot Issue 5A

SHALL HOLYOKE SCHOOL DISTRICT NO. RE-1J DEBT BE INCREASED UP TO $2.2 MILLION WITH A REPAYMENT COST OF UP TO $2.85 MILLION AND SHALL DISTRICT TAXES BE INCREASED BY UP TO $265,000 ANNUALLY TO FUND LOCAL MATCHING MONEY REQUIRED FOR THE DISTRICT TO RECEIVE A "BEST" CASH GRANT AWARDED IN THE AMOUNT OF $2.53 MILLION TO PAY APPROXIMATELY $4.7 MILLION IN PROJECT COSTS TO PROVIDE: · SECURE ENTRY, STUDENT SAFETY AND ACCESS IMPROVEMENTS TO ADDRESS EXISTING DEFICIENCIES IN THE JUNIOR/SENIOR HIGH SCHOOL; WHICH DEBT SHALL CONSIST OF GENERAL OBLIGATION BONDS TO BEAR INTEREST, MATURE, BE SUBJECT TO REDEMPTION, WITH OR WITHOUT PREMIUM, AND BE ISSUED AT SUCH TIME, AT SUCH PRICE (AT, ABOVE OR BELOW PAR) AND IN SUCH MANNER AND CONTAINING SUCH TERMS, NOT INCONSISTENT WITH THIS BALLOT ISSUE, AS THE BOARD OF EDUCATION MAY DETERMINE; AND SHALL AD VALOREM PROPERTY TAXES BE LEVIED WITHOUT LIMIT AS TO THE MILL RATE TO GENERATE AMOUNTS, NOT TO EXCEED THE AMOUNTS SET FORTH ABOVE, SUFFICIENT IN EACH YEAR TO PAY THE PRINCIPAL OF AND INTEREST ON SUCH DEBT AND TO FUND ANY RESERVES FOR THE PAYMENT THEREOF?

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  • Yes - For the Measure

  • No - Against the Measure