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Northshore staff outline bond and levy timeline; $75 million of 2022 bonds remain to sell
Summary
Deputy Superintendent Bergey told the board the district has $75 million in remaining 2022 bonds to sell and previewed June modeling on bond, EP&O and technology levy scenarios; board members asked for community engagement and training on election rules.
Deputy Superintendent Bergey told the Northshore School District board at a retreat that $75,000,000 of the 2022 bond authorization remains unsold and that how the district structures repayment of that debt will affect tax rates in 2026 and beyond.
"We have $75,000,000 left to sell," Bergey said, explaining that selling additional bonds affects the tax rate depending on how quickly the district chooses to repay the debt. He said the district will bring modeling to the board in June that shows different scenarios for bond, EP&O and technology levy rates.
Why it matters: The board must decide the total rate it will ask voters to approve, which will be presented in resolutions this fall and…
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