TAX ALERT!
	From The Utah Taxpayers Association
	1578 West 1700 South #201, Salt Lake City, Utah 84104 PH 972-8814 FX 973-2324

June 9, 2005

To: All Taxpayers in Iron School District

Re: Proposed Bond Election

On Tuesday, June 28th, voters in Iron School District will be asked to approve or reject a $23.5 million bond to finance

• Converting Cross Hollows Intermediate school to a middle school
• Construction of 2 new elementary schools – Projected costs are $7.4 million per school
• Construction of special needs pre-school – Projected cost is $900,000
• Furnishings & equipment for above

The Utah Taxpayers Association recognizes Iron School District is experiencing massive student growth. The need for schools to accommodate that growth is being dealt with in a fiscally responsible way by doing the following:

• The district is changing its grade configuration to help accommodate the growth in the district.
• The district is using ground-source heating for its new buildings which over time will save on operating costs. They are also using cost saving construction methods.

Tax impact of $23.5 million bond

* Primary residences receive a 45% exemption.

The district bases property tax estimates on a tax base growth rate of 2.2%, although projected growth rates are much higher (4%-5%) Consequently, the tax impact will likely be lower than the projected 8.2% increase over the existing certified rate.

The bond election will be held on Tuesday, June 28th, from 7am to 8pm .

Please make copies and distribute them to other voters in the district.