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Board approves $14.6 million bonded-debt levy to retire portion of district debt
Summary
The Reynolds School District Board voted unanimously May 28 to amend the bonded-debt levy to $14,600,000 to retire part of the district's long-term debt; the permanent tax rate remains unchanged at $4.4626.
The Reynolds School District Board of Education voted unanimously May 28 to amend and approve the district's bonded-debt levy, increasing the Levy for Bonded Debt to $14,600,000 to retire a portion of the district's long-term bonded debt.
The resolution text lists the Levy for Bonded Debt (excluded from limitations) as $14,600,000 and states there will be no change to the permanent tax rate, which is recorded on the agenda as $4.4626. Aaron Mu—oz moved the motion and Francisco Ibarra seconded; the board recorded the vote as Yea: 4, Nay: 0. The action was taken under the board's May 28, 2025 business meeting agenda.
Board members and district staff did not use the recorded segment to discuss how the levy increase will be allocated across specific debt accounts or its estimated dollar impact on a typical taxpayer; those details were not specified in the segment of the transcript that records the vote. The resolution as read on the record contains the formal levy language and the motion passed on a 4-0 vote.
The board approved the levy as Resolution 2024-2025-036; the vote formally authorizes the district to levy the stated amount on taxable property within the district to retire bonded debt.
