Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Bond Finance topic
No spam. Unsubscribe anytime.
School leaders lay out 1.0–2.0‑mill bond scenarios and tax impacts
Summary
Superintendent Shaw reviewed PFM-generated scenarios for 1.0, 1.5 and 2.0 mill bonds, showing how term length and a coal‑plant decommissioning affect totals and taxpayer impact; no decision or vote was taken.
Superintendent Shaw told the Monroe Public Schools Board of Education the district has asked PFM to model multiple bond scenarios and presented headline results to start board discussion. "I asked Carrie to do is run numbers on a 1 mil, a 1.5, and a 2 mil bond," Shaw said, and later noted that a 1.5‑mill option "over 19 years will generate 54,000,000."
Shaw said PFM’s scenarios account for a projected drop in taxable value tied to a nearby power‑plant decommissioning and that the firm smoothed that loss across years so the district would not face an abrupt spike in taxes. He emphasized the figures are preliminary: "This is a beginning conversation" and the board must decide whether to move forward with surveys, Treasury review and a ballot timeline. The presentation distinguished revenue totals by millage and term length and highlighted interest cost differences across 19–30 year schedules.
The board discussed how existing sinking‑fund and bond debt interact with any new proposal, with members asking about current millage levels and how a new bond would layer on to the district’s debt. No formal motion or vote on a bond amount took place; members were asked to submit follow‑up questions to Jamie (the clerk) and staff for future meetings.
