INMAN — Inman voters have approved a $5 million athletic facilities bond issue, with the final numbers confirmed after the Monday canvass at the McPherson County courthouse. The bond passed by six votes, 387 Yes to 381 No.
According to the district, the $5 million bond will be paid over 15 years, with only the first three years of the bond resulting in a significant tax increase. After the other bond that is still on comes off in three years, taxes will drop back to a similar level to where they are currently.
For those three years, the increase on a $150,000 home will be $57.08 a year. The increase on a 160-acre piece of irrigated land will be $74.81 a year.
Those projections only figure in the current debt service and the addition that will be made through the new $5 million bond.