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Financial adviser outlines bond options to stabilize West Carroll tax rate
Summary
An external financial adviser told the West Carroll CUSD 314 finance committee that falling bond balances have lowered the district's tax rate and presented options — including purchasing bonds — that could keep the tax rate flat while generating income for unfinished projects.
Kendall King, CPA with Kings Financial Consulting, reviewed the district’s bond position and said the district’s outstanding bond balances "have steadily decreased, which decreases our tax rate," pointing to that trend as the reason directors are considering bond purchases to stabilize revenue.
King described two basic options the committee could use to flatten the tax rate and provide funds for capital work: traditional "standard issue bonds" and "self-purchased bonds." He told the committee they must decide soon: "we will need to make a decision regarding bonds SO we can take necessary board action in October, November and December." The committee did not take a vote at the meeting.
The discussion did not include a formal motion or vote; King framed the options and timetable for the district’s consideration. Board members present heard the consultant’s analysis and agreed to continue discussing bond options at subsequent meetings ahead of the board’s October–December action window.
The finance committee will reconvene with staff and the consultant after the committee narrows the bond approach and once project quotes are available to determine whether bond proceeds or other financing will cover the planned work.
