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| 11-7-23 LOCAL ELECTION SAMPLE BALLOT
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| Debt Exclusion Ballot Question for Proposed Fire Station |
| Shall the Town of Winthrop be allowed to exempt from the provisions of proposition two and one-half, so-called, the amounts required to pay for the bonds issued in order to pay the costs of acquiring property and the construction of a new Fire Station Building to be located at 210-224 Winthrop Street, Winthrop, including the payment of costs related to studying, planning and designing the project, demolishing existing buildings, equipping and furnishing the building, making site improvements, and all other costs incidental and related thereto? |
| Summary |
| The town council has determined that it is necessary to construct a new, centrally located fire station in the town. The new station will replace the two existing stations that will be deactivated upon completion of construction. |
| A Yes vote will authorize the town to fund all of the costs of building the fire statiom anticipated not to exceed forty (40) million dollars, by issuing bonds to pay for the costs of the project and to temporarily exclude that amount of debt from the provisions of Proposition 2 % . This is what is called a "Debt Exclusion." In other words, a debt exclusion is a means of funding a particular project with a temporary increase, in this case for 30 years, in the levy limit. The debt is excluded from (that is, exempt from) the levy limitations of Proposition 2%. |
| A No vote will not authorize the town to exclude the debt from the levy and will be held to the limitations required by Proposition 2 h in which case the town will not be able to build the fire station, or will need to bring forward a new or the same ballot question seeking authorization to override the Proposition 2 % limit at a future town election. |
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