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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.

Comments

James MacMurray 1 year, 1 month ago

I take it the $55,555,000 figure came from http://www.usd497.org/bondissueplanning/documents/PerStudentDebtComparison.pdf?

That does not square with what is in their audited financial reports http://emma.msrb.org/ER638505-ER494661-ER897502.pdf USD 497 FY 2012 Audited Financials Note 4 Page 9 General Obligations Bonds Balance 6/30/11 $73,475,000 6/30/12 $64,695,000

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LadyJ 1 year, 1 month ago

They probably should have given the voters three choices, this bond, a lower one, or no. With the rec center being forced on us, people may feel they have no choice but to vote no for the school bond. Still time to change that. In fact, didn't that happen once before? Voters said no so they resubmitted a lower bond and it passed. I could be remembering wrong.

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kansastm 1 year, 1 month ago

Such false logic underlies this question . . . The accurate way to think of the investment would be to divide the dollars invested by the total number of students who will use the facilities affected over the facilities' useful life. You cannot judge a long term investment by a single year's student data.

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