New Police Station Funding

Shall the City of Lebanon, Indiana increase property taxes paid to the City for no more than 20 years for the purpose of funding all or any portion of the cost of the design, construction and equipping of a new police headquarters in the City, together with the acquisition of related real property, as required, and any related improvements thereto, for which the principal debt amount for the project will cost no more than $52,165,000 and the financing cost including interest and fees will cost no more than an additional $35,918,413 and is estimated to increase the property taxes paid to the City by imposing a property tax rate that results in a maximum annual amount that does not exceed $4,454,550. If this capital referendum public question is approved by the voters, for a median residence of the $250,000, the property's annual property tax bill would increase by $216 per year.