School board ponders 2010 bond, levy ballot
February 17, 2009
Issaquah School Board members will decide whether to include a construction bond with a package of levies for voters to approve in 2010 at their Feb. 25 meeting.
Board members held a work-study session and spoke at length about the issue at their Feb. 11 meeting.
After months of research and study, district administrative officials brought board members a recommendation to run a levy package in 2010 and to run an off-cycle 2012 bond election, said Jacob Kuper, chief of finance and operations for the district.
“The rationale is the current economic situation, the fact that unemployment is nearing 8 percent nationwide and the uncertainty in the capital markets,” he said. “It is also important to note that some of our larger construction projects are yet to be completed, so we felt that it was a bit presumptuous of us to ask the community to support a bond package that we would not sell any bonds until upward of 2012.”
He also said he had given board members a draft recommendation to sell the remaining $30 million in bonds from the 2006 bond issue. Attached to that is a $6.9 million refinance order, which will save taxpayers an estimated $690,000 over the life of the debt.
Administrative officials also provided the board with a draft recommendation to form a committee to explore bond and levy options.
Parents interested in serving on that committee should contact the main office at their child’s school. Community members, such as business owners, seniors or community-at-large representatives, should call the district’s main office at 837-7000. Members selected for the committee will be expected to attend several meetings in April.
At the Feb. 25 meeting, school board members are expected to discuss those recommendations and make a final decision. They are asking for public comment at that time.
Bond and levy discussion
7 p.m. Feb. 25
District administration building
565 N.W. Holly St.