By The Associated Press 10:31am, January 30, 2013Voters have approved a referendum in the Indian River School District to raise $6.2 million to build new classrooms and fund teaching positions.
Voters approved two questions on school funding Tuesday by a 2-to-1 margin. The plan adds 14.7 cents to the property tax rate, boosting it to $2.77 for every $100 of assessed value. The tax hike is expected to cost the average property owner an extra $38.05 next year.
About $4.4 million is earmarked for construction. The referendum also is expected to raise $1.8 million in its first year to increase spending on teachers, supplies and utility bills. The district will also offer full-day kindergarten.
School districts and the state divide the cost of school construction. The referendum will pay for 38 new classrooms to handle increasing enrollment.
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