Lincoln Public Schools: Highlights of 10/7 Lincoln Board of Education work session
The Lincoln Board of Education met for a work session Monday, and among many topics, discussed the potential size of a bond issue they could place on a 2020 ballot for the Lincoln community – looking at updated analysis of the bond market and a variety of possible bond issue scenarios.
Liz Standish, associate superintendent for Business Affairs at Lincoln Public Schools, explained there are many variables in any potential bond issue – under consideration for next year – including the estimated interest rate in the months ahead, where the tax levy will fall, years to pay off the bonds, and more.
Based on a conservative estimate of interest rates next spring, staying within the current bond and building fund tax levy, and paying off bonds in 25 years – the board could propose a bond issue of an estimated $286 million. By changing amortization (years to pay off the bonds) to 30 years, and a few additional factors, the bond issue could total a little more than $317 million.
The board met Monday in the third of a series of work sessions to fully analyze possible bond issue scenarios and amounts, as well as to continue the discussion of priority facility needs at LPS.
Board members also considered other topics during the Monday work session:
- Growth trends in elementary and middle schools
- Elementary and middle school facility needs
- LPS history with K-8 facilities
Click here to view the full work session video.
Published: October 7, 2019, Updated: October 8, 2019