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Owasso board OKs $169.18 million bond election, promises no tax-rate increase
Summary
The Owasso Public Schools board voted to call a special election on a $169,180,000 general obligation bond package the district says can be issued without increasing the current tax rate. The proposal reduces scope from an earlier plan and lists security, high school upgrades and elementary arts among top priorities.
Owasso Public Schools officials on Monday approved a resolution calling a special election for Sept. (date to be filed with the County Election Board) to ask voters to authorize $169,180,000 in general obligation bonds, a package administrators say can be issued without increasing the district’s current tax rate.
Superintendent Dr. Coates told the board the revised plan trims the original proposal and reflects community feedback: “We were able to get almost 2,400 responses on this survey,” and “about 62% in favor,” she said, summarizing results from a district survey conducted after a February proposition failed.
District finance staff said the new total is about a 13% reduction from the…
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