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Friday, May 6, 2016

PC voters set to decide future of two issues

Friday, April 1, 2011

Pierce City R-6 School District voters will have two ballot issues to decide in next week's election.

The Pierce City School Board has placed two issues on the April 5 ballot, so Pierce City voters will have the opportunity to decide on exactly what improvements they wish to see made to the R-6 campus.

Proposition 2 asks voters to approve a $2.4 million bond issue for site development, construction, equipping and furnishing a new middle school. If only Prop 2 passes, this would not place an increased tax burden on Pierce City residents. The debt service will remain unchanged at 66 cents per $100 of assessed valuation.

Proposition 3 proposes a $700,000 bond issue for the purpose of providing funds for the development, construction, equipping and furnishing of a new vocational-agricultural facility. If only Prop 3 passes, the current debt service levy would remain unchanged at 66 cents per $100 assessed valuation.

Area residents will also have the opportunity to approve both measures. If Proposition 2 and Proposition 3 both pass, the district's debt service levy would increase from 66 cents to 79 cents, which translates to an increase of 13 cents per $100 assessed valuation for Pierce City School District patrons.

"We are basically giving voters the opportunity to approve one project or the other, or both," said Superintendent Russ Moreland.

The district is able to proceed with either one of the projects independently without an increase to the debt service levy, but not both.

"We were able to restructure some debt and that really helped," Moreland said. "We were able to tighten up a little bit more.

"Interest rates are extremely favorable at this time," he continued. "We are putting this into the voters' hands."

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Pierce City R6 voters will also have the "opportunity" to turn down a 20 year debt to be paid by ...who ?? the "kids" who will be moving away to find employment ?

-- Posted by BARRACUDA on Mon, Apr 4, 2011, at 6:17 PM

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