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District outlines $13.5M high school bond alternative and SDE one-time annexation payment estimate
Summary
Officials presented a hypothetical $13.5 million bond to build a high school (projected 37% tax increase) and reported an SDE one-time annexation payment estimate of $752,300; the meeting noted the bond projection may not meet SDE requirements to convert a K–8 to K–12.
District staff described a hypothetical $13,500,000 series building bond (2026–2044, last tax levy 2045) as an alternative to annexation, saying the proposal carried a projected tax increase of 37 percent. The presentation also cautioned that, even with those bond proceeds and projected available funds listed as "$7.630 - $7.830 Million," the district did not believe that amount would be sufficient for the State Department of Education (SDE) to approve a transition from K–8 to K–12 at the Whitebead site.
Separately, the presenter said SDE estimates a one-time annexation payment of $752,300 to Whitebead, calculated as $5,000 times Paoli's reported 150.46 ADM at the Oct. 1, 2024 midterm adjustment. The presentation included these figures for planning context; the materials show the projected available funds range but do not specify the date for that available-funds estimate in the packet provided to attendees.
