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Lakota board votes 5-0 to place $222.48 million bond issue on Nov. 3, 2026 ballot
Summary
The Lakota Local Schools Board of Education unanimously approved a resolution to place a $222,483,000 bond issue on the Nov. 3, 2026 ballot; if approved, bonds would be sold in Feb. 2027 and tax collection would not begin until Jan. 1, 2029 when most current bonds roll off.
The Lakota Local Schools Board of Education voted unanimously on June 9 to place a $222,483,000 bond issue on the Nov. 3, 2026 ballot.
Board members said the resolution, which the board moved to proceed with and certified to the board of elections, would allow the district to sell the bonds in February 2027 if voters approve the measure. Board members clarified that tax collection for the new bonds would not begin until Jan. 1, 2029, when most existing bonds come off the tax roll, with the exception of roughly 0.1 mill.
Board President opened the item after an executive session and asked for a motion to approve the resolution determining to proceed with the issue of bonds in the stated amount and to certify it for the Nov. 3, 2026 election. The motion was seconded and carried on a roll-call vote: Miss Schaefer, Mr. Orgo, Mr. Horton, Mr. W and Miss Casper each voted yes.
Board members noted the proposal and its tax-timing language had been discussed in multiple prior meetings. One member summarized the effect, saying the bonds would be sold after the election and that the district would not collect the new levy until current debt schedules largely expire.
The board did not adopt tax rate language beyond the schedule described; details about the estimated tax impact per household and the full project list were not discussed on the record at this meeting and were not specified in the public discussion.
The board adjourned after approving the bond resolution and other routine business. The bond resolution was certified to the board of elections for placement on the Nov. 3, 2026 ballot.
