The proposed bond would provide $13.2 million in funding to address critical facility needs and long-term improvements for Cambridge Public Schools.
| Property Valuation | Yearly Increase | Monthly Increase |
|---|---|---|
| $50,000 | $130.00 | $10.83 |
| $100,000 | $260.00 | $21.67 |
| $250,000 | $650.00 | $54.17 |
| $500,000 | $1,300.00 | $108.33 |
Agricultural Land Impact
| Irrigated | $7.36 | $1,177.00 |
| Dry | $4.21 | $673.00 |
| Grass | $1.76 | $281.00 |
*Agricultural land is assessed between 69-75% of the market value and the LB 2 will reduce the value to approximately 50% in the calculation of the new bond financing, effective January, 1 2022.