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Marysville board reviews facilities master plan and outlines bond timeline to preserve current tax rate
Summary
Todd Johnson, Marysville Exempted Village School District treasurer, told the board the district's master facilities recommendation would reconfigure grade levels, build an additional middle school and replace Edgewood Elementary to address sustained enrollment growth.
Todd Johnson, Marysville Exempted Village School District treasurer, outlined the district's recommended facilities plan and the financing approach the board may ask voters to approve.
Johnson told the board the district's master facilities work, completed with community input and HPM Consulting, identified capacity and condition needs driven by enrollment growth. The proposal would reconfigure schools to K—6 and 6—8, add a new middle school and convert Creekview to an elementary that would house preschool; it also recommends replacing Edgewood Elementary, which Johnson said would be about 75 years old by the time of replacement.
On financing, Johnson explained that bond proceeds may be used only for permanent improvements and cannot fund operating expenses. He presented an option to ask voters to continue collecting the district's existing 5.3 bond mills after current debt is paid off in December 2029 so homeowners would not see a tax increase. He noted several variables would affect the dollar amount that 5.3 mills would raise in future years, including interest rates at sale, assessed valuation changes, and opportunities to trim or prioritize project scope.
Johnson outlined a tentative schedule: hire a pre-construction architect (proposed 2026), refine design, consider a bond levy on the November 2027 ballot, begin design in 2028 and enter construction in 2029—2030 with anticipated occupancy in 2031 or 2032. He described typical bond lifespans and how millage often declines over time as property values rise and through refundings.
Board members asked questions about bond structure, amortization and timing. Johnson said the district has a bond rating meeting scheduled and noted that prior refundings produced seven-figure savings. He said the district could also access a state-supported option to strengthen credit if needed. Johnson emphasized the multi-year nature of the plan and the need to act now because construction and enrollment growth operate on a long timeline.
Ending: The board did not adopt a bond measure at the meeting; Johnson said details would be refined with an architect and presented back to the board before any final ballot decision.
