In November 2014, voters approved the passage of a $29.2M bond referendum in order to finance the Scottsbluff High School Renovation. Scottsbluff Public Schools sold $20 million in 25 year bonds in 2015. The remaining $9.2M are slated to be sold in 2016.
The combined levy for all the bonds in the Bond and QCPUF (Qualified Capital Purpose Undertaking Fund) Funds is 22.3241 cents.
During the bond election the estimated the cost for the bond issue was between $12 and $14 dollars monthly per $100K valuation. This 15.5 cents equates to $12.94 per month per $100K valuation-right on target.
After receiving direction from the Bond Finance Oversight Committee, made up of professional volunteers from the community who are sharing their fiscal expertise and perspectives regarding the SHS project, and the District Finance committee, the District locked in lower interest rates in December 2015, and bonds were offered for sale in December 2015 and January of 2016 with bonds being made available through one or more local retail channels.