Proposition Fire was a bond issue approved by voters in April 2025. This allowed the department to issue $3.5 million in general obligation bonds to address the District's critical issues.

Proposition Fire Frequently Asked Questions (FAQs)

Q: What is this bond for?

A: In April 2025, voters approved the District to issue up to $3.5 million in bonds. The funds will be used to: Acquire and equip fire trucks, purchase firefighting and EMS equipment, retire old lease financings, and repair the existing fire station (if funds allow).

Q: How will the bond be repaid?

A: The bond is repaid through a property tax placed on all taxable property in the District. The tax is only as high as needed to make the bond repayments. By law, the District must set the tax rate high enough each year to cover principal and interest due.

Q: Is there a reserve or safety net?

A: The Resolution requires that the District levy enough taxes each year. If tax collections are delayed, the Treasurer may temporarily use other District funds and reimburse them when taxes are received. As a best practice, the District intends to keep a financial reserve to help cover any unexpected shortages.

Q: When are payments made?

A: Interest is paid every March and September. Principal (the original borrowed amount) is repaid in scheduled annual installments starting in 2028.

Q: Can the bond be paid off early?

A: Yes. Starting in 2030, the District may choose to pay off (redeem) the bonds early if financially advantageous.

Q: What oversight exists?

A: The Bond Resolution requires all funds to be deposited in specific accounts, separate from the District's general funds. The District must publicly post annual financial reports and updates. Additionally, the full text of the Bond Resolution is available for public review on this site.