Bond Issuance

  • Voter approved, tax exempt general obligation bonds
  • 21 year serial bonds
  • Total amount to be bonded $112,000,000
  • Estimated True Interest Rate 4.15%
  • Tax Rate Increase - 0%
  • Levy Reduction Opportunity After 7 Years

How is this bond different from the 2024 bond?

    Bond Amount  Levy Total  Tax Rate Increase  Length  Interest   Principal Payments   Lowest Reserve   District Funds Used 
2024   $119,000,000     40.7¢ (8 Years)   +4.9¢   22 Years    4.42%  3-5 Years $5,824,979 $9,518,118
2025 Model   $112,000,000 35.8¢ (7 Years) 0.0¢ 21 Years 4.15% 3-5 Years $5,731,260 $12,645,829
Difference -$7,000,000 -4.9¢ (1 Year) -4.9¢ -1 Year -0.27% Same -$93,719 +$3,127,711
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