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Bond Information

Bond Information

A bond is special funding that fills in the gaps where state funding is insufficient for capital needs.  Bonds are loans made to school districts to purchase capital items and make capital improvements such as building new schools, renovating or improving school buildings, purchasing land, adding school security and enhancements, purchasing technology and equipment, replacing roofs or aging HV/AC units, and purchasing school buses and other vehicles.

Voters passed a bond election in November 2023 in the amount of $75,000,000.  The estimated average annual tax rate for the proposed bond authorization is $0.48 per $100 of net assessed valuation used for secondary property tax purposes.  Proposed bond projects include:

  • Improving safety and security on school campuses
  • Replacing, repairing, and maintaining aging facilities
  • Building new facilities to accommodate growth
  • Buying furniture, equipment, technology, and school buses
  • Purchasing land and facilities for a new school