Question 23: Proposed Income Tax and Bond Issue

Shall the Eastwood Local School District be authorized to do both of the following:
(1) Impose an annual income tax of 0.5% on the earned income of individuals residing in
the school district, for 28 years, beginning January 1, 2027, for the purpose of current
expenses?
(2) Issue bonds for the purpose of constructing, furnishing, equipping, renovating,
rehabilitating, remodeling, adding to and otherwise improving School District buildings
and facilities, clearing, equipping and otherwise improving sites therefore, and
demolishing existing buildings and facilities in the principal amount of $54,965,000, to
be repaid annually over a maximum period of 37 years, and levy a property tax outside
the ten-mill limitation estimated by the county auditor to average over the bond
repayment period 6.49 mills for each $1 of taxable value, which amounts to $227 for
each $100,000 of the county auditor's market value, to pay the annual debt charges on the
bonds, and to pay debt charges on any notes issued in anticipation of those bonds?