The three elementary schools in your school district were built in 1960 and now are 60 years old. The district is considering whether to build new school buildings at a cost of $15 million each. To do so, the district would borrow the funds (sell bonds) and dedicate revenue from a property tax increase to pay the interest and principal on the bonds. Property taxes would increase by $100 per year for a $100,000 home for the 30 years of the loan. How should a taxpayer evaluate this proposal? What information should the district provide to assist in the evaluation? If you were a homeowner/taxpayer in this school district, how would you vote?