Joplin School Board to Vote on $62M Bond

5 years 11 months 2 weeks ago Sunday, February 05 2012 Feb 5, 2012 Sunday, February 05, 2012 4:24:00 PM CST February 05, 2012 in News
By: Associated Press

JOPLIN (AP) - The Joplin Board of Education is scheduled to vote on a $62 million bond recommendation for rebuilding schools destroyed in the May 22 tornado, renovating elementary schools and building community safe rooms.

The board takes up the issue Monday. The district estimates the total cost of all the projects at $185 million. Depending on the school board's decision, the issue could go to voters on April 3.

The district's bonding capacity is about $63 million. A $62 million bond would increase the levy by 35 cents, from $3.31 to $3.65 per $100 of assessed valuation.

District officials say they're pursuing other sources of money too, including insurance, state and federal aid, bonds and grants.

 

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