Facilities Planning Committee Members
Sid Armstrong, Gina Doerschel, Sue Finlay, Frank Durham, Darcy Furlin, Patty Hoeck, Karen Hulstrum, Art Krulitz, Emilee Kulin, Ira Kulin, Josh McDonald, Jim Miller, Dennis Norris, Michele Rauenhorst, Jessie Sager, Bob Stovern, Stephanie Swainston, Valerie Wade, Tisha Whatcott, Linda Yergler
Bond Cost Summary
Please see explanation of each table below...
What will this bond fund?
Pinehurst Elementary School
49,471 Square Feet
Built in 1954 with additions 1956
Average enrollment 450
Canyon Elementary School
13,700 Square Feet
Built in 1954 with additions 1968 & 1976
Average enrollment 71
Kellogg Middle School
40,400 Square Feet
Built in 1999
Average enrollment 262
Kellogg High School
90,533 Square Feet
Built in 1957 with additions 1963 & 1999
Average enrollment 300
KSD Admin Annex
79,900 Square Feet
Built in 1970 with additions 1980
Average enrollment 24
Houses SPED & IT Dept.
Bond Cost Summary Explanation
Table 1A: After careful consideration of several scenarios, the school board approved a request for $7.9 million over 12 years. Currently, there is still a bond debt from a 10 year bond passed in 2006. That debt will continue to be paid while the new bond will increase that debt for the next 7 years. This is referred to as wrapping the debt and in the last five years of this 12 year bond, the majority of the 2019 bond will be paid.
Table 1B: Currently, the cost of the 2006 bond is $161/year per $100,000 assessed value on average. The proposed 2019 bond would increase that cost on average to $214/year per $100,00 assessed value, $89 of which is the 2006 bond debt and $125 of which is the proposed bond debt.
Table 2: The increase to homeowners would be approximately $53/year if the proposed bond passes. This is approximately $4.41/month, just over $1/week or about $0.15/day.
Table 3: As mentioned in tables 1A and 1B, the average cost increase if the proposed bond passes is $125 per $100,000 of taxable value. This disclosure is required by HB 626. This average includes all taxpayers, business, rental properties, vacation homes and residential homes , it does not accurately reflect the average cost per taxpayer since on average business's, rental properties and vacation homes are assessed at a higher taxable value than homeowners that have the option of homeowner's exemptions and circuit breaker reductions.