Officials expect returns for the Sunrise Beach Fire Protection District levy issue to be available relatively early on election night.
The proposal is the only issue on the Tuesday, Aug. 6 ballot in Camden and Morgan counties. Despite being the lone item, polls will open at 6 a.m. and close at 7 p.m. just like any other election. Returns will be posted on www.LakeNewsOnline.com as soon as they are available.
The district is currently collecting $0.57 per $100 of assessed valuation (AV).
Of that 57 cent levy, seven cents is for debt service on bonds issued in 1996 that are set to be paid off in 2016.
There are currently 3324 active registered voters in Camden and 184 in Morgan. The proposal would allow the district to maintain that seven cents permanently to fund an apparatus replacement program. The goal in seeking to keep the seven cent debt service for operations is to reduce the district's dependence on bond issues to fund equipment purchases, according to SBFPD Chief Dennie Reilly.
The district is also requesting an additional seven cents of operating levy to enhance staffing, equipment and general maintenance of operations.
If approved by voters, the overall levy would increase to $0.64 per $100 of assessed valuation - an estimated $223,000 in new revenue per year. An additional $223,000 per year would be retained from capturing the outgoing debt service funds.
•$0.57 per $100 of assessed valuation - Current overall levy rate including debt service on two past bond issues
•$1.7 million overall current budget including about $500,000 dedicated to debt service payments from 1996 and 2007 bond issues
•$0.64 per $100 of assessed valuation - Proposed overall levy rate including debt service on one past bond issue
•$1.9 million overall proposed budget including about $250,000 dedicated to debt payments for a 2007 bond issue