Bond Proposal Clarification
Luther Public Schools’ proposed bond election for $33,080,000 represents 16 series of bonds issued over 15 years. The first 10 series from the 2015 election, which will be issued in 2016-2025, will be combined for purposes of sale with the last 10 series of the previously authorized bonds for the high school. The remaining 6 series from the 2015 election will be issued in 2026-2031. Luther Public Schools will have taken title to all improvements after the final acquisition payment is made in 2031, and the financing with the public trust will terminate. The first series of bonds will go on the tax rolls FY 2017-18. The last series of bonds will come off the tax rolls after FY 2032-33. If no other bonds are authorized or issued, you will have no bonded debt outstanding after FY 2032-33.
Bond Election is Tuesday
Tuesday, Oct 13th
Don't forget to VOTE!
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Bond Proposal Presentation
If you missed the presentation on Sunday the 27th, we have uploaded much of the content to our website on this page: Bond Presentation Page.
If you would like to submit a question or comment, you can do so here: http://bit.ly/bondquestions
Questions will be answered on our website in the coming days.