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Board hears PERS bond runs through 2028; local option levy seen as unlikely
Summary
A finance staff report said the district's PERS bond is scheduled through 2028, that the district would need to reassess borrowing options afterward, and that a local option levy is unlikely to pass because of taxpayer burden.
At the Nov. 19 meeting, district finance staff told the board that "Our current PERS bond is through 2028," and that details about post-2028 financing are not yet known.
Finance staff also said the district could pursue a local option levy but considered it unlikely to pass given the burden it would place on taxpayers, and that the district's overall debt level is "fairly comparable to other districts." The board did not take additional action at the meeting beyond receiving the report.
