We see that you have javascript disabled. Please enable javascript and refresh the page to continue reading local news. If you feel you have received this message in error, please contact the customer support team at 1-833-248-7801.

ADVERTISEMENT

ADVERTISEMENT

Brandon-Evansville School Board votes to access remaining bond amount

The amount approved was $720,000 for a 20-year term.

EP Brandon Evansville School News.jpg
Lowell Anderson
We are part of The Trust Project.

EVANSVILLE — The Brandon-Evansville School Board voted to access the remainder of its voter-approved bond authority at its regular meeting Monday night.

The amount approved was $720,000 for a 20-year term.

The school board held a special meeting on Sept. 12 to address the overall project, the cost of which is being affected by inflation.

According to the meeting minutes of the special meeting, the funds being used to complete the project break down as follows:

  • $14,501,337 voter-approved bond proceeds. 
  • $561,792 in Capital Facilities Bond proceeds.
  • $407,000 ESSER dollars.

Prior to Monday's approval of the bond authority, there was a $2 million inflation-related gap that needed to be filled.
The school board also approved setting the levy at the state's maximum amount. The initial levy limitation was set at $249,892.35. Limitation adjustments amounted to $32,944.08, making a total levy of $282,836.43.

ADVERTISEMENT

At a special election held last November, voters approved the issuance of up to $14,500,000 of general obligation school building bonds.

The district previously issued $9,405,500 in general obligation school building bonds on Dec. 30, 2021, and $4,375,000 in general obligation school building bonds on Feb. 22.

Related Topics: ECHO PRESSDOUGLAS COUNTYBRANDON-EVANSVILLE SCHOOL BOARD
Travis Gulbrandson covers several beats, including Osakis School Board and Osakis City Council, along with the Brandon-Evansville School Board. His focus will also be on crime and court news.
What to read next
Douglas County is an example that can show people that "Our elections are fundamentally fair, accurate, honest and secure," Steve Simon said.
Richard Wyffels has been charged by complaint with felony theft by swindle.
DOUGLAS COUNTY DISTRICT COURT
There is no threat at this time.