Bond market update yields exciting results for USD 253 bond election Featured

Bond market update yields exciting results for USD 253 bond election Tagan Trahoon/KVOE News

USD 253 Board of Education members have a lot to be excited about following a major bond market update during Wednesday's board meeting.

Managing Director of Piper Jaffray Dustin Avey (ay-VEE) indicated original mill levy requirements for the proposed $78 million bond -- set to be voted on as part of the Nov. 5 election -- could turn out to be much lower than expected. According to Avey's report, a number of factors have changed since the election was originally called for earlier this year.

Avey says the original estimate called for a levy increase of 2.95 mills to support the bond which would carry a yearly cost of around $33 for local residents.


Avey says .5 mills to a taxpayer equivalates to just over $5 per year or 50 cents a month. Board member Melissa Ogleby says she and other board members are ecstatic about this news and she is hopeful it will sway voters to approve the district's bond come Nov. 5.


Speaking of the improvement bond, board members once again welcomed HTK Architects during Wednesday's meeting to continue discussions on a new early learning facility. Over the past few weeks -- including during the board's Sept. 25 meeting -- HTK and district administrators utilized ThoughtExchange to help gather information on the most pressing needs for a new facility.

After compiling 140 thoughts and analyzing the data collected twelve central themes were identified including safety and security, enhanced meeting space and efficient use of space amongst others. A full list of the identified themes may be found on the district's website.

These themes have been developed as a team of stakeholders prepares for a series of site visits to early learning facilities in neighboring communities on Monday.
Superintendent Kevin Case says the themes give those stakeholders a "few different lenses to look through" during that trip.

Also coming up next week on Oct. 15 and 20 will be two open house events at local district schools for patrons. Superintendent Case will join KVOE's Newsmaker segment on Monday morning to discuss those events in more detail.

The USD 253 Board of Education will next meet Wednesday, Oct. 23 at 7 pm inside the Mary Herbert Education Center.

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Last modified on Wednesday, 09 October 2019 21:37