Board approves resolution to place roughly $20 million GEO bond on November ballot

Presenter Mr. Mirhead described the resolution to place a roughly $20 million general-obligation (G.O.) bond and a continuation of the public-school capital-improvements tax on the district ballot Nov. 4. He noted a correction to the timeline language (years on page two were rearranged and were corrected to 2027–2031) and said the continuation is intended to keep the district on a regular rotating bond cycle.

Mr. Mirhead cautioned that the ballot language cannot guarantee taxes will not increase in all circumstances. "You can't put that on the question because ... what happens if there is a drop in assessments ... they can then ... raise that rate so that it pays the debt service," he told the board, explaining the mechanics of general-obligation bonds and property-tax-backed debt.

Superintendent Viviano recommended approval of the resolution calling for the election; a board member moved and another seconded the motion. The board approved the resolution by voice vote; the transcript records the motion and a voice vote but does not record a roll-call tally.

Mr. Mirhead said county clerks in the three counties encompassing the district will receive the resolution to place the bond and the public-school capital-improvements-tax continuation on the November ballot. The presenter offered to answer follow-up questions and noted he would coordinate any further technical edits to ballot language with district staff.

Next steps: the district will submit required documents to county clerks and provide voter-education materials to explain the purpose and schedule of the proposed bond and tax continuation.