District details referendum projects, bond issues and debt-service levy
Summary
Officials reviewed completed and ongoing referendum capital projects, two recent bond issues used for construction work and anticipated debt‑service levies outside the state revenue limit to pay those bonds.
Rob Nelson outlined the district’s capital and debt picture tied to recently completed referendum projects. He described two bond issues taken in recent years to fund construction and facility upgrades: a roughly $14 million issue sold in April 2025 (maturing in 2045) and a later $11.8 million tranche (maturing in 2037). Nelson said the district is levying for referendum debt service that is outside the state revenue limit and that last year’s levy increase included the first payment on the new referendum debt.
Nelson described specific capital outcomes — large portions of roof replacements, HVAC upgrades and a pool renovation — and said the district has levied just over $1.4 million this year for fund 39 debt service. He reminded voters that some capital fund balances (funds 41, 46 and 49) exist to smooth future project spending and that the board will consider options for any remaining referendum funds after projects complete.
The board and administration framed the capital work as completed or nearly completed for many projects and said they will publish details and invite public feedback during a forthcoming open house.
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