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Board of Education Approves Ballot for Zero-Tax-Rate-Increase Bond Issue

At the August 13 Parkway Board of Education meeting, the board unanimously approved the ballot language for an $87 million zero-tax-rate-increase bond issue on the November 4 ballot.

The six main areas to be addressed in the bond issue include:

1. School Maintenance & Repairs
2. High School Science Labs
3. Technology (classroom equipment & electrical infrastructure)
4. Student Safety, Security & Health
5. Elementary Classroom Walls
6. Fine Arts

The approved ballot language is:

Shall the Parkway C-2 School District Board of Education borrow money in the amount of eighty-seven million dollars ($87,000,000) resulting in no estimated increase in the debt service property tax levy, for the purpose of school maintenance, repairs, renovation and accessibility, including by not limited to roof repairs, HVAC, plumbing, electricity, furnishing and equipping school sites, technology, renovations or additions to high school science labs, elementary classroom walls and security improvements, and issue general obligation bonds for the payment thereof? If this proposition is approved, the adjusted debt service levy of the school district is estimated to remain unchanged at thirty-four cents ($0.34) per one hundred dollars assessed valuation of real and personal property.

To review a summary of the proposed projects to be funded over the next five years, and a school-by-school project list, go to: www.pkwy.k12.mo.us/bond08

If approved by voters, the bond issue would not require any increase to the district's current tax rate.