District staff told the school board that the local share of a proposed capital improvement project will be funded through reserves and projected state building aid, and that the district does not plan to raise taxes to pay the capital project’s local portion. John (district staff) presented financing figures and public-facing documents on the district website and reminded the public that the project vote is scheduled for Nov. 18.
John told the board the district’s annual principal-and-interest payments on existing building debt total roughly $2,800,000 and that state building aid for those projects runs “just a hair over $3,000,000,” which the district said covers the payments. “You can see right there, our state aid matches or exceeds the money we have to do on our building project,” John said when describing how prior projects have been covered.
The superintendent added that the district plans to publish a concise financing summary and has posted project scope documents and FAQ material on the district’s public website. The administration noted that operational tax increases for the May instructional budget remain possible — for example to address rising energy and personnel costs — but said the capital project itself would not be the driver of a levy increase because reserves will supply the local share.
Board members asked for clearer public language and a one‑page financing summary. The board did not adopt the capital project resolution at this meeting; trustees were told the formal vote on the project will be held by district voters on Nov. 18. No local tax levy for the capital project was proposed or approved during the meeting.