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Superintendent outlines uses for remaining 2024 bond funds and timing for next borrowing
Summary
Superintendent Klein presented a prioritized list of candidate projects to spend remaining 2024 bond dollars (deadline March 2027), reviewed district debt history and said planning for a possible 2028 bond should begin in 2027 to preserve the district’s tax-neutral approach.
Superintendent Klein presented the board with a proposed plan to spend the remainder of the district’s 2024 bond and explained when the district would need to pursue new borrowing to maintain its current levy.
Klein told the Spencer-Owen Community Schools board that most projects funded by earlier bonds are nearly complete and that a final punch item — a circuit/CO2 sensor at the transportation facility — remains. He said the district’s pre-2024 debt was about $21,599,000 and the 2024 bond added roughly $11,347,000, producing a larger total debt picture the superintendent presented to the board.
“We will have all of that debt paid off in 2034,” Klein said, noting…
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