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Thompson School Board approves resolution to place $99 million bond on November ballot
Summary
Thompson School District R-2J board voted 6-1 to approve a resolution calling for a $99 million general-obligation bond election in November 2025; the package is split into three spending buckets and assumes assessed-value growth to preserve the current mill levy.
The Thompson School District R-2J Board of Education on Aug. 6 approved a resolution to place a $99 million general-obligation bond question on the Nov. 4, 2025 ballot, voting 6-1 after a special meeting discussion about assessed valuation assumptions and ballot language.
The bond question, presented by Assistant Superintendent of Operations Todd Piccone, would finance facilities maintenance, safety and security, growth-related capacity and educational program enhancements while maintaining the district—s current debt-service mill levy for collections in 2026 under the district—s plan.
The measure lists three broad spending buckets: $35 million for critical facility needs, $10 million for safety and security, and roughly $44 million for growth-related projects, with an additional $10 million earmarked for educational enhancements. The district and its municipal adviser, Maddie Perdonovic of Hilltop Securities, told the board the $99 million par amount is based on a 7.5% aggregate assessed-value growth…
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