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Ames Community School District board previews budget under uncertain state aid, approves bond redemption and sets levy hearings
Summary
Boarders approved a resolution to redeem part of the 2021 general obligation bond and set public hearings on the 2026–27 levy and certified budget while staff warned that uncertain supplemental state aid and enrollment shifts will affect staffing and services.
The Ames Community School District board on Monday approved a resolution to redeem a portion of its 2021 general obligation school bonds and set public hearings for the district's proposed 2026–27 tax levy and certified budget, as district staff warned that continued uncertainty about supplemental state aid will shape staffing and spending decisions.
Kelly, a district staff presenter, told the board the district is proposing a surplus levy of $6,680,000 to prepay part of the 2021 bond series; she said the single prepayment would yield approximately $1,455,620 in interest savings and that, once implemented, the district will have prepaid roughly $8,940,000 on the bond series with total estimated interest savings of about $1,908,000. "This…
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