Hughes said he believes cost was the major reason the prior bond issue was defeated.
Mayor discusses Feb. 12 election
Harrah Mayor Larry Fryar, however, said he believes residents voted it down because they thought school officials tried to slide the election by them.
“I've had a lot of people call me,” Fryar said. “They probably could have gotten it passed the first time if they had gone about it right. ... You've got to keep the public informed about what's going on.”
Fryar said he believes a school bond issue is needed, but wishes the school board would take more time, work at informing the public and focus on educational improvement before focusing on sports improvements.
Property taxes would increase 6.64 percent if the bond issue eventually is approved, school officials were told. That would amount to $68.90 for the owner of a $100,000 home, Freeman said.
The proposal calls for the issuance of $36.47 million in bonds, which would produce just under $27.2 million in estimated project funds, according to Ron Fisher, president of Stephen H. McDonald & Associates, which is handling financial aspects of the bond issue for the district.
The other $9.27 million would pay the $612,755 cost of issuance and be part of the lease-purchase payments that would pay interest costs, Fisher said.
Although the cost of the proposed bond issue is $365,000 higher than the defeated bond issue, the amount available for projects would be $537,651 less. Fisher said that's because there would be a year's delay in putting the bond issue on the tax rolls for collection. It would take longer to begin paying off the bonds, which would increase interest costs, he said.
At a glance
Harrah school bond projects
Following is a list of proposed projects that would be funded by a proposed $36.47 million bond issue that the Harrah School Board is considering scheduling for a May 14 vote: