The funds received from the restructuring of the bonds will provide the opportunity to protect the district’s future growth funds that will be gained from increased assessed valuation by allowing the allocation of growth funds to budgeted facility needs. Without the receipt of the bond restructure funds, the district has approximately $6 million available in the building fund to complete the projects identified as priorities by the Facility Condition Assessment (FCA). The cost to complete the projects recommended for years 1 and 2 of the FCA totaled an estimated $22 million.

At the November 21, 2019 board meeting, the Board of Education voted unanimously to proceed with a request for the special election to be held on February 11, 2020 to ask voters to approve the funding proposal approved by the Board, which included the restructuring of the bonds. The proposal was overwhelmingly approved!