On April 3rd the voters of the Amber-Pocasset school district will vote on a 4.9 million 10 year series bond issue. The funds will be used to construct 7 classrooms at the elementary in Pocassset, renovate and remodel the exisiting elementary cafeteria at Pocasset, and construct a gym/activity center at the high school in Amber. The vote, when approved, will raise the sinking fund tax levy. The sinking fund tax levy generates funds to make yearly payments towards issuance of the bonds. Funds are generated in the sinking fund by the following formula: (Sinking Fund Levy X District Valuation = Yearly Payment) Currently our district has seen and increase in the districts valuation which enables us to move our district forward with the improvements of our facilities without placing a large tax burden on current property owners. Our current Sinking Fund Levy is 9.84 Mills (A mill is one thousandths of a penny) which is currently generating funds for past transportation bond issues and building renovation bond issues. Comparing our Sinking Fund Levy to the other school districts in the county and one can see we have the lowest levy except for the Alex School District. The approval of this bond issue would increase our Sinking Fund Levy to approximately 20 Mills which would still place the district with a lower sinking fund tax levy than the following schools: Chickasha, Middleberg, Tuttle, Bridge Creek, Minco, and Ninnekah. This would be approxiamtely a 11.7% increase or $110 per every $1000 a landowner paid in taxes. Currently there are 1103 property owners registered on our district tax rolls. The top 19 on our tax rolls which are oil, gas and utility companies pay 57% of the districts ad valorem tax and would pay 57% of the yearly bond payment. Please take the time and review information regarding the projects that have been posted below.