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NVN Bond Article Clarification

We want to clarify the statement that the new bond would cost $6.57 per 1000.  Current school tax includes state tax, local levy, and 2003 bond which is $8.04. There are changes in state funding (McCleary Decision) that will lower the state and local levy rates.  In 2020 the total tax rate with the projected new bond rate would be $6.97 which is $1.07 less than property owners pay now.  That rate will decline further as the 2003 bond is paid off in 2022.