New home construction and improved property values have led to a modest increase in the district’s Assessed Valuation, raising our debt limit. The district has also responsibly refinanced and repaid bonds from past building projects. Both of these factors open up capacity to issue new bonds while keeping the debt service levy the same. No tax increase will be required.
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Additional info: What’s the difference between a bond issue and an operating levy increase?
Funds from bond issues and operating levies are completely separate from one another. Bond issue proceeds can only be used for capital projects exclusively for the purposes stated on a ballot, such as building construction or renovation. State law is very specific that money from a bond issue may only be used for capital improvements and not to fund a district’s operating budget, which includes expenses like salaries, utilities and bills, or technology upgrades.
Adapted from https://ballotpedia.org/School_bond_and_tax_elections_in_Missouri