MCPHERSON — According to preliminary numbers from the McPherson County Clerk's Office provided by USD 418, the school district bond issue failed on Tuesday.
The bond request was for $88,515,000. This is the second bond issue in a row to fail in USD 418.
The current USD 418 mill levy is 51.4. The mill levy in that district would have increased to 62.5 (an increase of 11.1 mills). For a $200,000 home, this increase equals $21.28 per month.
A mill levy is the "tax rate" that is applied to the assessed value of a property. One mill is one dollar per $1,000 dollars of assessed value.