At least 50% of CSFT revenue will be used to reduce property tax for constituents. This amounts to an estimated rate decrease of 26 cents, which corresponds to a tax cut of $86 per $100,000 of property value or a potential savings of:
$86 per year for a $100,000 home
$130 per year for a $150,000 home
CSFT revenue will help Alton AVOID the need to sell bonds or take out loans that would cause the district to incur additional debt and interest costs
CSFT revenue will be used for the following district expenses:
Yearly budgeted expenses such as parking lots, sidewalks, roofs, and other major repairs–some of which have been delayed for years due to lack of funds
Safety features such as updated video camera systems and improved disabled access in schools
District Technology Infrastructure such as servers, voice & data networks, and classroom presentation equipment
Upgrade facilities on a schedule as opposed to waiting until things fall apart
Improve athletic and fine arts facilities
Energy efficiency measures
Consider expansion of existing buildings instead of using “portables”
CSFT revenue will be used to increase fund balance reserves for larger building projects in the future eliminating the need to raise property taxes
CSFT revenue will help Alton AVOID the need to sell bonds or take out loans that would cause the district to incur additional debt and interest costs
One Cent Makes Sense 