Bond 2024 begins: $21.7 million first borrowing for ventilation and facilities

What happened

At the April 20, 2026 meeting the district updated its voter-approved Bond 2024 plan, now estimated at $85,370,000. The first borrowing is $21.7 million for high school athletic fields, middle and high school sound and lighting, and heating and cooling work at Bay, Eagle and South Ocean. The district says State aid pays about 73% and the first tax effect starts in 2026-27.

Why it matters to families

The bond pays for new air systems in classrooms and gyms and for athletic and theater upgrades. The debt payment is small the first year and the district says total debt falls below today's level from 2028-29.

The evidence

The district's April 20, 2026 board presentation lists the estimated cost, 73% State aid, the $21.7 million first phase, interest-only payments in 2026-27 and a first principal payment in 2027-28. The adopted minutes list a Bond Borrowing Presentation. The 2024 mailer lists the vote date as May 21, 2024.

The source