District news
Board considered up to $750,000 in bonds backed by a new property tax
What happened
The December 11, 2025 agenda called for action on a resolution to issue up to $750,000 in General Obligation School Bonds, Series 2026, to add money to the district's Working Cash Fund, with a direct annual property tax levied to repay them.
Why it matters to families
Working cash bonds give the district cash to cover bills while it waits for tax and state payments, but taxpayers repay them with interest. The result of the vote is not posted because the district does not post minutes online.
The evidence
December 11, 2025 regular meeting agenda, item VII.B: 'Working Cash Bonds - Consideration and action on a resolution providing for the issue of not to exceed $750,000 General Obligation School Bonds, Series 2026 ... providing for the levy of a direct annual tax sufficient to pay the principal and interest on said bonds.'
The source
December 11, 2025 board agendaSee the full record for New Simpson Hill School District 32.
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