To all qualified electors of Murray City School District, Utah:
Take notice that on November 5, 2024 between the hours of 7:00 a.m. and 8:00 p.m., a
special bond election (the “Bond Election”) will be held in Murray City School District, Utah
(the “District”) in conjunction with the general election to be held that day.
Information regarding polling places for each voting precinct, each early voting polling
place, and each election day voting center, including changes to the location of a polling place
and the location of an additional polling place, may be found at the Statewide Electronic Voter
Information Website at vote.utah.gov or at the Salt Lake County Clerk’s website at
https://slco.org/clerk/ or at the District’s official website at https://murrayschools.org/homepage/.
To obtain information regarding the location of a polling place, voters may also call (801)
264-7400.
The Election will be held for the purpose of submitting the following ballot proposition:
OFFICIAL BALLOT PROPOSITION FOR
MURRAY CITY SCHOOL DISTRICT, UTAH
SPECIAL BOND ELECTION
NOVEMBER 5, 2024
/s/ Richard Reese
Business Administrator
PROPOSITION
Shall the Board of Education (the “Board”) of Murray City School District, Utah (the “District”),
be authorized to issue General Obligation Bonds in an amount not to exceed One Hundred
Twenty-Five Million Dollars ($125,000,000) (the “Bonds”) for the purpose of financing all or a
portion of the costs of constructing, furnishing and equipping new school facilities and
improving existing facilities; said Bonds to be due and payable in not to exceed twenty-one (21)
years from the date of issuance of the Bonds?
Property Tax Cost of Bonds: If the Bonds are issued as planned (and without regard to the
existing taxes currently paid for existing bonds (“Existing Bonds”) that will reduce over time), a
property tax sufficient to pay debt service on the Bonds will be required over a period of twenty
(20) years in the estimated average amount of $268 per year on a $538,400 primary residence
and in the estimated average amount of $487 per year on a business property having the same
value.
As noted above, the District has other Existing Bonds for which a tax decrease would occur upon
the retirement of the same, which may not occur if the proposed bonds are issued. However, the
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combination of the scheduled retirement of the Existing Bonds and the issuance of the proposed
Bonds, as planned, is expected to result in a net average property tax rate increase of $132 per
year on a $538,400 primary residence and in a net average property tax rate increase of $240 per
year on a business property having the same value.
The foregoing information is only an estimate and is not a limit on the amount of taxes that the
Board may be required to levy to pay debt service on the Bonds. The Board is obligated to levy
taxes to the extent provided by law in order to pay the Bonds. The amounts are based on various
assumptions and estimates, including estimated debt service on the Bonds and taxable values of
property in the District.
FOR THE ISSUANCE OF BONDS (YES)
AGAINST THE ISSUANCE OF BONDS (NO)
Pursuant to applicable provisions of Utah State law, the period allowed for any contest of the
Bond Election shall end forty (40) days after November 19, 2024 (the date on which the returns
of the Bond Election are to be canvassed and the results thereof declared). No such contest shall
be maintained unless a complaint meeting the requirements of applicable law is filed with the
Clerk of the District Court of Salt Lake County within the prescribed forty (40) day period.
GIVEN by order of the Board of Education of Murray City School District, Utah.
By: /s/ Jaren Cooper
President
ATTEST:
By: /s/ Richard Reese
Business Administrator
Election 2024 Election Notice (English Only) – Murray City SD GO Bond Election 2024
Election Notice (Spanish) – Murray City SD GO Bond
