Wednesday, July 29, 2015
POLAND — The school board approved the final measure needed to put a bond issue and tax levy on the November ballot.
Board members voted 5-0 at a special meeting tonight to proceed with the submission of a ballot measure that will ask voters whether to authorize the school district to issue bonds in the amount of $28,265,910 – which is to be repaid over a maximum 34-year period – to levy a 4-mill property tax to pay for the bond, and to levy an additional 0.5-mill property tax.
Bond funds would be used to build a new school facility; the 0.5-mill levy is for the purpose of maintaining that facility.
“It’s a very exciting time. I think we’ve got a plan that our community can support,” said Superintendent David Janofa.
This step comes after the state approved the district’s participation in a program that helps school districts build new facilities. The state will pay 19 percent of the total construction cost.
For the complete story, read Thursday's Vindicator and Vindy.com