Joplin Will Vote on Bond for Schools

4 years 10 months 7 hours ago February 07, 2012 Feb 7, 2012 Tuesday, February 07 2012 Tuesday, February 07, 2012 10:48:36 AM CST in News
By: Associated Press

JOPLIN (AP) - Joplin residents will vote on a $62 million bond issue to rebuild schools destroyed by last May's tornado. If approved in an April 3 vote, the bond revenue also would be used to build storm shelters for the district and renovate undamaged elementary schools.

The Joplin Board of Education voted Monday night to put what likely is the largest bond issue proposal in the school district's history on the ballot. If it's approved, the debt service levy would increase by 35 cents, to $3.66 per $100 assessed valuation.

The Joplin Globe reports the total cost of all of the projects would be about $185 million. The district will receive about $85.9 million in insurance for the destroyed schools. That does not include the buildings' contents, which is a separate claim.

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