School Board approves $55M bond issuance for ongoing construction projects

The Papillion La Vista Community Schools Board of Education made significant strides during their meeting on May 12, 2025, particularly in the areas of administrative salaries and a major bond issuance.

A key highlight was the approval of a new three-year contract for Superintendent Dr. Andrew Rickley, set at a salary of $273,947.31 for the 2025-2026 school year. This decision reflects the board's commitment to maintaining strong leadership within the district. The contract includes provisions for retirement contributions, which will be adjusted according to state guidelines, ensuring transparency and compliance with current regulations.

In another major development, the board authorized the issuance of general obligation bonds not to exceed $55 million. This funding, approved by voters in the 2023 bond election, is aimed at supporting ongoing construction projects within the district. Financial advisor Cody Wickham provided an optimistic market update, indicating that the bonds are set to be priced aggressively, potentially saving the district millions in interest expenses.

Additionally, the board discussed administrative salary increases, proposing a base salary for certified administrators of $74,290, which represents an average package increase of 4.035%. This move is part of a broader strategy to attract and retain quality educators in the district.

Overall, the meeting underscored the board's proactive approach to financial management and educational leadership, setting the stage for continued growth and development within the Papillion La Vista Community Schools.