Southern Boone School Board seeks no-tax-increase bond issue for stadium repairs
ASHLAND, Mo. (KMIZ)
The Southern Boone School Board of Education voted unanimously on Friday to place a no-tax-increase general obligation bond issue on the April 5 ballot, to be used for making major repairs and improvements to the district’s outdoor facilities at the high school.
The Southern Boone School District is asking the public to vote on the $3 million no-tax-increase bond issue that would provide funds to resurface the track, install new artificial turf and replace the scoreboard and sound system at the high school outdoor stadium.
Officials say the bond passage will not increase the district’s property tax levy. The district has responsibly refinanced and repaid bonds from past building projects. Both of these factors open up the capacity to issue new bonds while keeping the debt service levy the same. No tax increase will be required.
Taxes will not go down if the measure fails, because the school district will continue to pay off debt related to the construction of previous bond issues projects at the other schools.
“The Southern Boone School Board of Education cares about district patrons and concerns with tax increases,” said Christopher Felmlee, Southern Boone School Superintendent. “The school district has been fiscally responsible in the repayment of previous bonds, and now we are able to focus on the repairs and improvements at the stadium, without increasing taxes in our community.”