One thing we still have to do is name the proposition and make sure you may want to talk about our proposal. Yeah the communication team which just a reminder for the public includes Gina Tartt our chief communications officer and we're working with Donovan Group as well as an individual who was a chief communications officer for the do that helped them with their recent campaign Susan Downing. So they came up with a few ideas and one of the ones that rose to the top would be proposition O for our schools our community our future. For zero tax rate. We talked about that. It could also mean a zero tax rate increase. Proposal proposition. Proposal is O our schools our community and our future. So I just want to add a couple things so we are not voting on this tonight. We will be voting on this. Officially in January the end of January between now and the end of January I would expect that as a board we receive additional information about exactly how we are triaging and prioritizing. All of the things that we've seen tonight and been talking about over the last year as far as the needs that have been identified structurally systems wide educational programming wide within the long term facilities range plan. So I think we're all very well kind of aligned on that between the board and the district.

By phasing this down a little bit as we've proposed our borrowing may only need to be around $100 million at this point in time and that preserving that extra capacity will help out on phase two. Did I answer all your questions? Yeah, so in a qualitative way to say that is we're approaching this in a way that honors our previous public statements that aren't intended to go for what we would call a zero tax increase bond. So we're going to go for a zero tax increase bond and this is eight zero. Yeah, and so that would this is a way to structure that to sort of honor that. Yes, sir. So we've built a model for determining our ability to borrow and it's got an assumption in there about growth of assessed valuation. That's a critical assumption and we're running that assumption right now about 50% of what it's been the last year. So we're going to be able to do that in the next six cycles of reassessment. There's so I would say I would describe that model as safe with upside potential. I wouldn't call it a worst case scenario because worst case would be assessed valuation actually going down in some form. But I think the assumptions we've made are safe. I think there's a lot of upside potential so as reassessment year 27 and 29 and 31 come around if they are going to be able to do that.

But I think the assumptions we've made are safe. I think there's a lot of upside potential so as reassessment year 27 and 29 and 31 come around if they are going to be able to do that. And if we can grow at the rates that we have seen historically our borrowing capacity will increase pretty well. I guess just connecting with Jason's comment. I mean if you're watching at home go back and look at the last slide of the last presentation and there's a portion that's that portion would be funded. That's at the top of that slide would be funded by this measure in terms of the language. Most important thing is what Bill Moore Bell says. I think any simplification you can do of this in terms of it is a mouthful right now. But so if there's a more general language that can capture multiple of these some points I think that could have some benefit. But the most important thing is to meet the legal requirements. One thing we still have to do is name the proposition and make sure you may want to talk about our proposal. Yeah the communication team which just a reminder for the public includes Gina Tartt our chief communications officer and we're working with Donovan Group as well as an individual who was a chief communications officer for the do that helped them with their recent campaign Susan Downing.

All of the things that we've seen tonight and been talking about over the last year as far as the needs that have been identified structurally systems wide educational programming wide within the long term facilities range plan. So I think we're all very well kind of aligned on that between the board and the district. Then the only other thing is that I wanted to add to what John said and John looked this up last week on his own and then sent it to me so that everybody would have it and I want to make sure everybody listening at home as well as everybody here at the board hears it too. We are currently indebtedness our current bond indebtedness is twenty eight point six million dollars. So that is the amount which will fluctuate a little between now and when we would retire that indebtedness in twenty twenty nine. But that is gives you an indication of the additional borrowing capacity that we have that we would have in addition to any appreciation that have that occurs between now and then when we might go out again and ask for an increase in our in our capacities. So that's it. Yeah. So any questions from the board for John or I or anybody else on anything I just said. No you explained that very well. That was good. Go ahead Chris.

That was good. Go ahead Chris. So what I want to say is that if I was not on the board and hadn't been able to ask you guys why in the world this doesn't say specific building names you know it would you know I want us to make sure that we are really doing in our PR work and in our campaign effort for this bond to pass that we are being as specific as possible. This is just a little a little yes we're being specific in the way that they want us to say you know you know what I'm saying though the fact that we had to take the school names out I think is hard but I want to make sure that every voter that goes into that voting on April 7th knows actually what that really specifically means and actually has possibly had pictures of what those mean. That's what I want to make sure that if we can do that that it's not going to be vague you know they're going to be there's going to be real concrete understanding. Yeah. Our informational campaign has to make sure all that data gets out there. Absolutely. And on the flip side I think it's important to keep the ballot language vague in case I don't know what happens and we are not locked in to very specific projects. Yeah I think that makes sense but it's almost good to educate the public that it won't say on their XYZ. Exactly.