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Chesterfield board votes to place up to $100 million bond referendum on November ballot
Summary
The Chesterfield County School District board voted to submit a bond referendum asking voters to approve up to $100 million in referendum debt to accelerate projects tied to the district sales tax, with presenters saying the plan would not require a millage increase.
The Chesterfield County School District Board of Trustees voted to place a bond referendum on the November ballot asking voters to approve up to $100,000,000 in referendum debt to accelerate capital projects tied to the district's recently approved sales tax.
The board acted after a presentation by bond counsel Franny Heizer, who said the bond would be a companion to the sales tax approved by voters and would let the district borrow money now to complete projects sooner. "This bond referendum is structured to mirror or to be a companion to the successful sales tax referendum," Heizer said. She told trustees the request "is recommending that you ask the voters to…
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