Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Central SD 13J board adopts $90 million bond measure for November ballot
Summary
After reviewing four financing options and a levy-rate analysis from Piper Sandler, the Central SD 13J board voted unanimously to place a $90 million general obligation bond, with citizen oversight and audits required, on the Nov. 5 ballot; the plan could include a new elementary school and relies on a possible $6 million state grant.
The Central SD 13J Board of Directors voted unanimously on Aug. 5 to adopt Resolution 24‑10 to place a $90,000,000 general obligation bond on the Nov. 5 ballot, accompanied by a ballot title that requires a citizen oversight committee and audits.
Board members made the decision after a presentation from Piper Sandler on levy-rate scenarios and a discussion of four bond-size options ranging from about $23.3 million to $90 million. Piper Sandler estimated the $90 million package, structured over a longer term with some deferred-interest components, would yield an estimated bond levy of about $3.75 per $1,000 of assessed value in the near term, roughly comparable to last year’s levy, while the $23.3 million option was estimated at about $3.10 per $1,000.
Why it matters: the board emphasized that voters, not the board, will decide whether to approve additional debt. The district also stands to receive…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
