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Cascade SD 5 board approves calling $30 million bond measure with state match for May 19 ballot
Summary
The Cascade School District #5 board voted unanimously to call a May 19, 2026 election for a $30 million general obligation bond focused on essential facility repairs; the district expects up to a $10.21 million state Match Program grant if voters approve.
The Cascade School District #5 Board of Directors voted unanimously to call a May 19, 2026 election asking voters to authorize $30 million in general obligation bonds to address critical facility repairs and efficiency projects.
Communications Director Gregg Koskela told the board a long-range facilities committee identified approximately $100 million in building needs but recommended a $30 million measure focused on basics and efficiency, explaining that a larger bond was unlikely to pass in the current economic climate. He said the proposal is designed to maintain the district’s current tax rate when the existing bond expires.
The resolution adopted by the board declares the district’s intent to seek proceeds to finance the project and references the Oregon School Capital Improvement Match Program; the resolution text states the district would receive up to a $10.21 million grant if voters approve the bonds. The resolution also references ORS 328.205 and Treasury Regulation Section 1.150-2 and authorizes officials to finalize the ballot title and file required election forms.
Board Member Spencer Rockwell moved to approve calling the measure; Ruth Stevens seconded the motion and it carried with all present voting yes. The resolution names Hawkins Delafield & Wood LLP as bond counsel and Piper Sandler & Co. as underwriter or placement agent, and sets county filing deadlines in late February and March to meet statutory timelines.
Koskela outlined outreach steps should the board support the measure, including a website, three mailings to district residents and assistance from community volunteers and a PAC formed by community members. He noted district staff are prohibited from advocating while on duty but may participate personally in outreach on their own time.
Next steps in the bond timeline include finalizing the ballot title, filing Form SEL 805 and SEL 803 with Marion County by the statutory deadlines, and continuing outreach work ahead of the May 19 election.
