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Letter To Editor
There has been considerable argument and dispute about the propriety of building a consolidated high school in Rappahannock county at this time. The objection is that taxes would be almost doubled. This is not true.
A consolidated high school could be built for $226,000.00, we are told by the School Board. Of this, the county’s share from the “Battle Fund" would be approximately 1100,000.00. Rappahannock Rappahannock county could bor-. row the other $125/000.00 from the literary Fund at 2% interest. 1 - . Assuming that our situation does not change, maintaining the present levy, which includes m special levy of fifteen cents on every $100.00 of-property valuation for general reassessment purposes, this $126,000.00 principal and interest, could be repaid •in 30 years. A fifteen cent levy on the present tax base yields the county approximately $6,000.00— Thirty times 46,000.00 is $180,000.00 sufficient to pay the loan from the Literary Fund in thirty yean.
But let ns make allowances for a decrease in our population and for increase in the cost of building and assume that we would need to add another 15 cent levy. This is • small increase In taxes compared to the increase in Culpeper and other counties.
Therefore, Rappahannock can have its much needed high school without any great increase in taxes, or Rappahannock can refuse to build a high school and
Front Royal, Virginia
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