Hoover sets voting locations for special election
Published 5:13 pm Tuesday, April 6, 2010
Hoover has set voting locations for the April 27 special election to renew the 24-mill property tax for Hoover City Schools.
The Shelby County voting locations are Riverchase Church of Christ on Montgomery Highway, Hoover Fire Station No. 7 on Inverness Parkway, Hoover Fire Station No. 8 on Village Street and the Greystone Farms Clubhouse on Farmhouse Road.
The property tax, which provides funding for the school system, already does not expire for 18 years.
By extending the tax, the school system would be able to refinance its debt, which is approximately $185 million.
The school system currently pays $16 million each year on debt. If the debt was refinanced, the system could make lower payments and save money.
The property tax provided $37 million for Hoover City Schools in the last fiscal year. The 24-mill tax is equal to $240 on a $100,000 home.