Troy 30-C will be paying off existing long-term debt in 2027, resulting in a tax rate reduction of 45 cents at that time. If approved by voters, the tax rate increase associated with the November 2026 limiting rate referendum is 45 cents. One offsets the other, resulting in no net tax rate increase for residents.
Following is an illustration of this calculation:
Tax rate tied to November 2026 limiting rate referendum: $0.45
Current tax rate that expires when existing debt is paid off in 2027: ($0.45)
Net tax rate change: $0.00