Bond Issuance Information

Voter Approved, Tax Exempt General Obligation Bonds
22 Year Serial Bonds
Total amount to be bonded
- $119,000,000
Estimated True Interest Rate
- 4.424%
Projected Required Bond Levy
- 6.7 cents per $100 valuation

District Bond Debt Information

Six bond issues since 2003 for a total of $198 million
The District has approximately $173,145,000 in outstanding debt
The District is on schedule to pay off existing bond
Last 20 Years $25 million in bond debt has been paid, but we will pay over $28 million in the next five years (Almost $8 million in 2023-24 alone).
$63 million over the next 10 years
Larger principal payments are now happening!

Estimated Bond Payoff Schedule

Valuation Assumptions
The assumed valuation increases are 9% over the next five years, 7% over the next five years, and 5% each year following. If the Bond Fund levy stays at 40.7 cents, the following scenarios are anticipated:

Anticipated Scenario

Utilizing the assumptions, the LOWEST the bond fund reserve would be in the next 12 years is $5,824,979.
Utilizing the assumptions, by 2034 BPS would actually have $16,159,484 in reserve

Worst Case Scenario

If the district assumed valuations were 6.88% each of the next 10 years, BPS would still be able to make payments with a final Bond Fund balance reserve of $1,770 in 2034-35 which is the year prior to several bonds dropping off the tax rolls.

Best Case Scenario

The assumptions are low and valuation growth increases faster than anticipated. At which time, the district could examine if the bond levy could be decreased.

Bennington Public Schools

11620 N 156th Street, Bennington, NE 68007

Phone 402-238-3044| Fax

Notice of Non-Discrimination: The Bennington Public School District does not discriminate on the basis of sex, disability, race, color, religion, veteran status, national or ethnic origin, age, marital status, sexual orientation, pregnancy, childbirth or related medical condition, or other protected status in its programs and activities and provides equal access to the Boy Scouts and other designated youth groups. The following persons have been designated to handle inquiries regarding the non-discrimination policies: Students: Mr. Dan Bombeck, Director of Student Services, 11620 North 156th Street, P.O. Box 309, Bennington, NE 68007 (402) 238-3044 ([email protected]). Employees and Others: Dr. Matt Blomenkamp, Assistant Superintendent 11620 North 156th Street, P.O. Box 309, Bennington, NE 68007 (402) 238-3044 ([email protected]). Complaints or concerns involving discrimination or needs for accommodation or access should be addressed to the appropriate Coordinator. For further information about anti-discrimination laws and regulations, or to file a complaint of discrimination with the Office for Civil Rights in the U.S. Department of Education (OCR), please contact the OCR at 601 East 12th Street, Room 353, Kansas City, MO 64106, (800) 368-1019 (voice), Fax (816) 426-3686, (800) 537-7697 (telecommunications device for the deaf), or [email protected]. TITLE IX The Bennington Public School District is committed to offering employment and educational opportunity to its employees and students in a climate free of discrimination. Accordingly, unlawful discrimination, harassment and retaliation of any kind by District employees, including, co-workers, non-employees (such as volunteers), third parties and others is strictly prohibited and will not be tolerated.