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Weaver Union previews $20 million bond to fund new elementary school; staff says environmental study needs no further action
Summary
District bond consultant outlined a $20 million general-obligation bond plan intended to keep the tax rate level while funding a new elementary school and other repairs; staff reported the environmental study for the proposed site 'recommends no further assessment' and the district remains in escrow pending final state approval.
At a district board meeting, bond consultant Chris G of CFW told trustees the district is considering a November general-obligation bond that would raise roughly $20 million for a new elementary school and other facility improvements while seeking to avoid increasing local tax rates.
The consultant said the proposal is structured so new bonds would be issued only as older bonds are paid off, an approach he described as intended to "create a stable tax rate." He gave the board preliminary estimates — including an illustrative maximum tax impact of $30 per $100,000 of assessed value and an interest-rate assumption near 4.7 percent — while stressing these are estimates that could change before any sale of bonds.
Why this matters: District leaders and the consultant said the bond would be the…
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