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RCAS School Bond Explained: The real facts Coy Sasse There is a fair amount of misinformation floating around regarding the structure of the upcoming school bond. The notion that the Board of Education can arbitrarily increase the mill rate or tax whenever they want is unequivocally false. The District only has the ability to levy the fixed dollar amount to service the debt in a given year. It can never levy more than the debt payment owed that year.
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