By Melanie Posey
HOOVER, AL (WBRC) - Hoover residents will head to the polls for a special election Tuesday.
At issue is whether to extend an existing property tax.
In the 1980s and 1990s, Hoover's population began to explode. The city was forced to build many new schools in effort to keep up with the growth. They levied a tax to handle the debt. That tax is set to expire in 2027, but now school and city officials want to extend it another 18 years. That would cause it to expire in the year 2045 instead.
"We're not raising taxes," says Hoover Mayor Tony Petelos. "It's like refinancing your home from a 15-year mortgage to a 30-year mortgage. The debt service now is about 16-million dollars a year. Doing the refinancing means we could see a drop of 6-million dollars a year."
School officials say that is equivalent to the salary and benefits of 70 teachers. "It'll help us essentially invest in the classroom more so as opposed to what amounts to a mortgage payment," says Hoover City Schools Superintendent Andy Craig. "And with a loss in revenue we've experienced recently we want to better position ourselves to provide the quality of service our community expects."
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