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Greater Clark County board adopts bond resolutions to advance tax-neutral plan for new middle school
Summary
The board adopted three bond-related resolutions on Sept. 24 to begin financing a new middle school on district land while modeling that the district can hold the property tax rate at $1.10; the actions set parameters for future bond issuance but do not authorize immediate borrowing.
The Greater Clark County School Board on Sept. 24 approved three resolutions that advance a bond-financing plan the district says can fund a new middle school without increasing the district's $1.10 tax rate.
Matt, a Stifel representative who presented the district's debt model, told the board the likely approach is to break the work into multiple bond issuances so the district can limit interest costs and keep the tax rate steady. "So even though those payments are increasing from 2024 to 2025, we're solving for that dollar 10 tax rate as we have it for the 5 years," he said.
The three resolutions approved were the formal notice…
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