will this "max out" our debt capacity?
State law limits the amount of debt that a school district can incur to 5% of the district's market value. Based on our current market value, the total debt capacity for Bonneville School District is approximately $161.4 million. With the current $50.4 million bonds, our current available debt capacity is $111 million. If the $55.3 million bond for the high school passes, the remaining debt capacity would be approximately $55.7 million.