Board hears first reading on county remnant parcel and discusses debt‑service levy ahead of bond sale

Doctor Shaw informed the board that Greene County seeks to deed a very small county‑owned parcel northeast of Harrison Stadium to Springfield R‑XII for a transactional fee of $10; the item was presented as a first reading and will be brought to the board for vote on Oct. 28, 2025.

Earlier in the meeting staff also introduced a resolution related to the sale of $30,000,000 of 2023 bonds that will be the subject of discussion and vote at the Oct. 28 meeting. Board members asked finance staff about market timing — including recent and anticipated Federal Reserve action — and how assessed valuation (AV) growth interacts with the district’s debt‑service levy (reported at $0.73 per $100 assessed valuation). Finance staff explained that keeping the levy percentage steady while AVs rise increases the dollars collected and maintains a cushion to prevent future levy increases; higher collections can enable faster debt payoff but levy calculations are managed across bond cycles to smooth taxpayer impacts.

Board members asked for a recap of the district’s AA rating and the factors that contributed to it; staff agreed to restate those credit strengths for public understanding at a future presentation. The remnant parcel and bond sale resolution were informational first readings; no binding action was taken at this meeting.