ALTON -- An Open house will be held at the Alton School Aug. 2 from 6:30 to 8 p.m. The event is being hosted by Friends of Alton R-IV School in order to give patrons of the school district the opportunity to see firsthand the extensive renovation, repair and maintenance which the organization says needs to be done to the Alton School buildings.
"For our school to have the money to make these renovations and repairs the people must approve the QZAB issue which will be on the August ballot. This bond issue, if approved, will make $1 million in interest-free money available to our school district. The loan will be for 14 years with no payments required on the principal until the end of the 14 years. This will allow us to deposit the tax money received each year in an interest bearing account," a Friends committee member said.
She added, " It is projected this will earn about $180,000 over the next 14 years which will be applied to the $1 million debt. Approximately $820,000 from tax money will be needed to pay the remainder. The 23-cent levy increase to produce this amount will mean that a person owning a $50,000 home will see an increase of $21.85 on their property tax. A person owning a $50,000 farm will see an increase of $13.80," the committee member said.
A Friends spokesman said this money can only be used to renovate or make repairs and improvements to existing school buildings and facilities. She said it cannot be used for any other purpose. "We urge every school patron to come to the open house and carefully consider the needs of our school district and the benefits this interest-free loan can provide, and make an informed decision when they go to the polls Aug 6," the committee member said.
Friends of Alton R-IV School will provide transportation to the polls Aug. 6 for anyone who needs it.
Call Wylma Heiskell at 417-778-6450 for a ride.