Sound Off: Debt per student
According to the school district bond issue planning web site, the Lawrence school district had $55,555,000 bonds outstanding as of June 30, 2011. The new $92.5 million bond will not increase the tax levy, so how much will the total bond indebtedness be when the bond passes and what will that make the debt per student?
If the proposed $92.5 million bond issue passes, the total bonded debt of the Lawrence district after Sept. 1, 2013, when the district makes its next scheduled payment, would be approximately $146,065,000. The debt-per-student ratio would be approximately $12,384, based on official enrollment this year of 11,835.