Stillwater School District officials ask for $61.5 million bond issue

Stillwater School District officials ask for $61.5 million bond issue to replace two schools and renovate eight others. The vote will be Feb. 8. Officials say property taxes will not increase.
FROM STAFF REPORTS Published: February 1, 2011
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The Stillwater School District is asking voters to approve a $61.5 million bond issue Feb. 8 to replace two of the district's oldest schools and to renovate eight others.

Schools to be replaced would be Highland Park and Will Rogers elementary schools; both are more than 60 years old.

Renovations would be at Richmond, Sangre Ridge, Skyline and Westwood elementary schools, Stillwater Middle School, Stillwater Junior High School, Stillwater High School and Lincoln Academy.

The bond also would buy technology equipment, textbooks, buses and other equipment for the district's 5,700 students.

District officials said bond issues will be scheduled so property tax rates will not increase. The district has been approved for $15 million at zero percent interest in Qualified School Construction Bonds, part of the American Recovery and Reinvestment Act of 2009, contingent on passage of the bond issue.

School district Chief Financial Officer Phillip Storm said that will reduce Stillwater property tax rates by about 1 mill per year for the five years of the 2011-16 bond period.

To learn more about proposed projects, go to www.stillwaterschools.com.



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