Decrease Bond Debt

Principal Payments

The District is scheduled to pay:

  • $29,810,000 in the next 5 years.
  • $65,900,000 in the next 10 years.
  • $111,860,000 in the next 15 years.

These are scheduled principal payments but could be accelerated. 

chart showing the principal payments over the next 5 years

Bond Repayment 

The District worked with D.A. Davidson to create a bond repayment plan. Payments will be covered by annual revenue and minimal reserves as shown below. In 2032, the District will have the flexibility of lowering the levy. The chart below shows the total revenue and reserves in relation to the total bond tax levy rate (labeled at the top of each column). The red line shows the scheduled bond payments.

Bar chart showing the bond repayment information

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