Three school bonds go to eastern Idaho voters Tuesday
UPDATE: All three school bonds passed unofficially.
Votes will be canvassed at a later date and then results will be official.
ORIGINAL:
Madison to seek $26.9 million bond
The Madison School district will ask voters to approve a $26.9 million construction bond Tuesday.
The bond will require a super-majority, 66.67 percent approval.
School board officials say that if voters approve, the district will qualify for a state bond equalization fund subsidy of $5.51 million.
The funding would be used for a variety of projects including classroom and science lab additions at Madison High School, a new heating and air conditioning system at Madison Middle school, a new gym at Lincoln, four new classrooms at both Burton and Kennedy schools and other building projects.
The board said passage of the bond would not increase property tax rates.
For more information, see the interview above.
Grace school district seeks $5 million bond
Grace Joint School District #148 is asking voters to approve a $5 million bond issue to finance the cost of building a new elementary school.
The district covers parts of Caribou, Franklin, and Bannock Counties.
If approved, the school district expects to receive approximately $1,697,893 in state bond levy equalization payments to offset the overall cost to local property taxpayers.
The bond will require a super majority (66.67 percent) to succeed.
Sugar Salem bond goes to voters Tuesday
The Sugar Salem school board will ask its patrons to approve a $2 million, two-year building bond Tuesday.
If approved, bond money would be used to repair or replace worn out items around the district, including school heating systems, high school gym bleachers, some carpets and other flooring and other items throughout the school district.
Superintendent Alan Dunn explains the district is eligible for funding through the state’s Bond Levy Equalization program. That could lower local taxpayer liability by as much as 29 percent, which would bring the actual cost to taxpayers down to around $1.4 million.
The bond will require a 66.67% approval to pass.
