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R-I hints at bond issue for possible 2020 ballot

Posted on Tuesday, October 9, 2018 at 3:38 pm

By Ethan Colbert
bgted@lcs.net

While no official votes were taken during Monday night’s meeting of the Bowling Green R-I School Board, the general consensus of the seven-member board appeared to be that the school district would delay a vote on putting a tax issue on the ballot until sometime in 2020.
The board met Monday evening for a work session meeting, where official votes cannot be taken under state law.
As was discussed Monday and at previous meetings of the Bowling Green R-I School Board, the local school district’s board of education is considering a 50-cent General Obligation Bond for Debt Service tax increase.
“We looked at a 50-cent levy on the debt service side, which would generate about $6.5 million,” Lorenzo Boyd said. Boyd is a representative of Stifel, a finance company that specializes in helping secure bonds for schools, municipalities, and other government entities who are building new facilities or making upgrades to existing facilities.

Members of the Bowling Green R-I School Board met Monday evening and signaled their intent to put a possible 50-cent General Obligation Bond for Debt Service tax increase on the ballot in 2020. The increase would help the local school district pay off existing debt and complete various remodeling projects, including safety and security upgrades at both the Frankford and Bowling Green campuses.

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