News & Information
Board of Education approves another decrease in tax rate
Budget approved for 2019-20 school year
The Board of Education approved the school district’s budget for the 2019-20 school year at its meeting on Monday, August 5. The action includes another decrease in the district’s tax rate (mill levy), dropping to its lowest level in at least 20 years.
The fiscal budget reduces the tax rate by nearly 1.4 mills to 63.479. This marks the eighth out of the last nine years the district decreased its tax rate and represents a reduction 20.617 mills since 2010.
Board of Education approves issuance of new bonds
Refunding existing bonds to save nearly $3 million in interest
June 5, 2019_ The Board of Education on Monday, June 3, 2019, approved the first sale of general obligation bonds related to the bond issue approved by voters in May 2018. The Board received nine competitive bids and selected Morgan Stanley to award bonds with a lowest total interest rate of 2.42 percent. This sale represents one of the lowest total interest rates the district received in recent history.