August 27 BOND ELECTION
On Tuesday, August 27th District 93 patrons will be asked to vote on a school bond that will provide funding to build a new elementary school, construct additions at both Hillcrest and Bonneville High Schools, and make necessary improvements to other schools and facilities.
What needs would this bond provide for?
If voters approve the School Bond in August, funds will be used to:
- Build a new elementary school on 49th North
- Add 8 new science classrooms and a new entrance at Bonneville High School
- Add 8 new science classrooms and a new entrance at Hillcrest High School
- Make more classrooms available for regular instruction at other schools in D93.
- Allow for future enrollment of 1,500 students at Bonneville and Hillcrest.
- Maintain the current tax levy rate without an increase.
Will taxes go up if this bond passes?
Voters will be presented with the following question on the August 27 ballot
- IN FAVOR of issuing bonds in the principal amount not to exceed $42,700,000
- AGAINST issuing bonds in the principal amount not to exceed $42,700,000
Bond term and costs
- 17-year repayment term
- 2.9% anticipated interest rate
- $47.6 million total anticipated cost after state contribution
- Patrons in District 93 will continue to pay property taxes at the current levy rate of $580 per $100,000 of taxable property value.