The Vandalia Leader
A special meeting was held at Community R-VI to discuss the Prop A Bond issue at 7 p.m. on March 12. The bond issue with no tax increase is a traditional way for schools to borrow money to pay for major school maintenance and repair projects.
There is no tax increase.
The district obtains bids and sells bonds to the buyer with the lowest interest rate.
The district then pays back the debt over a period of years with tax dollars.
This process is similar to a home loan.
The majority of the work covered by these bonds would be completed during the 2019 summer break as not to disrupt regularly scheduled classes.
Improvements to Community R-VI facilities include many areas of roofing, replacing HVAC units that are inefficient, and installing a temperature control automation system to reduce electric consumption and provide a diagnostic tool to monitor HVAC units.
Also, dollars from the no tax bond issue will go towards remodeling home and visitor locker rooms, upgrade bathrooms at the main gym entrance, install security film on glass to increase safety for students and staff, along with renovations and additions for the existing Vo-Ag program.