R-XI District Voters to Decide No-Tax Bond Issue To Fund Facility Repairs - The Missourian: Politics

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R-XI District Voters to Decide No-Tax Bond Issue To Fund Facility Repairs

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Posted: Wednesday, March 27, 2013 8:30 am

Union R-XI School District officials are hoping Proposition KIDS, an $8 million no-tax increase bond issue, will get voter approval.

A no-tax increase bond provides a way for school districts to pay for capital projects that are too costly for a typical budget. If the bond issue is approved by voters, then the school district sells bonds at the lowest possible interest rate.

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