The PAYGO plan is a six years plan. It cannot be
extended without voter approval. The Board of School Trustees
implemented measures to limit the plan funding to no more than $120
million per year. Even if local property values rise, the
levy would not generate more than the plan cap. Funds would be
collected over six years, beginning in the fall of 2013. As funds are
generated, projects will be completed.
My thoughts on this subject align nicely with the recommendation of the RJ editorial board. This is due to your posts here Jim, thank you.
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