Board to Seek $8 Million Bond Issue - The Missourian: Union

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Board to Seek $8 Million Bond Issue

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Posted: Friday, February 1, 2013 5:32 pm

The Union R-XI School Board unanimously passed a measure Wednesday, Jan. 30, that will allow the district to move forward with placing an $8 million no-tax increase bond issue on the April 2013 ballot.

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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