School bonds on April ballot
Wed, 01/29/2014 - 12:04am Tyrell Albin
Lawton Public Schools is asking voters to renew the bond issue approved in 2004 by allowing it to continue for another 10 years.
The bond issue would generate about $29 million over 10 years to improve technology and other material needs at every school in the district and continue with facility-improvement projects and transportation upgrades without raising taxes, school officials said.
During a special board meeting Monday, the Board of Education approved calling an April 1 election to ask voters for their support of two bond proposals a $21.6 million series of bonds to acquire needed equipment and pay for repairs, renovation and construction needs (Proposition One); and a separate $7.15 million series of bonds to continue replacing buses as they wear out (Proposition Two).
State law requires transportation bond issues to be placed separately on the ballot. The Oklahoma Constitution requires all bond issues to pass with a 60 percent majority.
Tom Deighan, superintendent of Lawton Public Schools, held a press conference Monday afternoon to explain the proposals.
Because the proposed bond issues would simply continue issuing bonds in the same way as the 10-year 2004 bond issue, taxpayers would see no change in their property taxes, which pay for the bonds.
"Neither proposal will result in a tax increase," Deighan said.
If voters approve the two proposals, the bonds would be sold over a 10-year period for a projected revenue of about $2.16 million annually for Proposition One and a projected revenue of about $650,000 annually for Proposition Two.