Bond Calculator
On Tuesday, September 13, residents of the Edgewood-Colesburg Community School District will vote on a bond referendum. If approved, the district will be able to move forward on the following projects to address the most pressing facility needs in our school district:
- Upgrades to mechanical and HVAC systems at our elementary school.
- Improved accessibility in the Jr./Sr. High School building
- New career and technical education (Business, Vocational Agriculture, Industrial Technology, Art) spaces
- New gym
- Improved student and traffic safety and a new secure entrance at the Jr./Sr. High
The following will be the September 13 ballot question:
“Shall the Board of Directors of the Edgewood-Colesburg Community School District in the Counties of Clayton and Delaware, State of Iowa, be authorized to contract indebtedness and issue General Obligation Bonds in an amount not to exceed $12,555,000 to provide funds to remodel, repair, improve, and equip the Elementary School facility, including HVAC improvements; to build, furnish, and equip additions to the Junior / Senior High School facility, including a new gym and new space for career and technical education, with related remodeling and improvements, safety and security upgrades, and site improvements, including relocation of the main entrance and drop-off and pick-up areas?”
The projected tax rate would be a $1.99891 increase from the FY2022 Total School Levy Rate of $13.19576. Please use the Calculator below to calculate rates.
| Tax Rate | $ / $1000 |
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| FY2022 Total School Levy Rate | 13.19576 |
| Estimated FY2024 Total School Levy Rate (with bond) | 15.19467 |
| Estimated Property Tax Increase | 1.99891 |
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| **1/1/2021 Assessed Valuation Average for Clayton County = $1,228, Delaware County = $1,424 | |
