The District is extremely grateful to our community for their support of the November 2017 bond proposal. This is the first-step in the District's multi-layered long-term approach to alleviate overcrowding and reduce the number of portables at our schools. Our citizen-led Community Builders group did a great job determining the District's most urgent needs to support our students and schools. Thanks to their efforts, this bond represents the collective work of our community.
The District completed the sale of $99.5 million in bonds in less than two hours on March 14, 2018 at a net interest cost of just 3.73%, which was well below the parameters of 5.5% set by the board in their bond resolution. Thanks to the favorable interest rates, and Franklin County’s continued gains in assessed property values, taxpayers saw a tax rate increase of just 26 cents per $1,000 of assessed property value. This rate is considerably less than the estimated tax rate of 59 cents per $1,000 of assessed value that was advertised for voter information purposes.
The District's Capital Projects Department has completed all projects approved in the 2017 bond except the new transportation building. That is in process and expected to be completed in Spring 2023. To follow the progress of each project, simply click on the link to each project below to access the update page for each project.
The 2017 bond includes allowance for purchase of additional land for future schools. It also allows for cost contingencies to account for inflation or other events.
Land Acquisition (for future school sites)
Bond Costs & Fees
Screen readers and other assistive devices may not be able to access all documents on this page. If you need further assistance accessing information on this page, contact the PSD Public Affairs office at (509) 546-2686 or PublicAffairs@psd1.org