Frequently Asked Questions

 

When is the special election? 

March 3, 2020 from 7AM to 8PM

Where can I vote?

Boone County voters will vote at the Madrid Community Room or in Luther at their normal polling places. Dallas County voters will also vote at the Madrid Community Room. Polk County voters will be voting at the Sheldahl City Hall.

What is being proposed? 

Specifics:

  • Build 5 additional classrooms (1/Elem & 4/Jr-Sr High)

  • New/additional restrooms (including new in the Kindergarten wing)

  • New or renovated conference room and/or collaborative spaces

  • Renovated main office space at Jr/Sr High

  • Moving the Elem office to include multiple spaces to serve student needs

  • New media center/library at the Elem

  • Renovating the external building (N of Elem) to allow for two, 4-year old preschool rooms

Overall:

  • Ability to better serve counseling, at-risk and other student needs at both buildings

  • Ability to serve 3 sections per grade (grades K - 5 at the Elementary)

  • House all K–5 student services within the main Elem building 

  • Appropriate space to allow up to 3 sections/classes of 6th grade at the Jr/Sr High (along with the current grades 7–12 grades)

What is the total estimated cost for the project?

The estimated cost is 5.8 million dollars.

If the bond issue is successful, when will construction be completed?

If funded, the very general timeline would be the architect doing the detailed design/drawings of the two building projects beginning in April 2020. This will last about six months to September of 2020.  The bidding would take place approximately October 2020.  This will probably not allow construction to start until April of 2021.  If things go as planned, the Jr/Sr high work would be completed mid-year, so approximately a January 2022 completion date.  The elementary has more renovation and inside work, giving it an approximate completion date of August 2022.

If the bond issue passes, how will it impact my property taxes?

The projections indicate a minimal-to-neutral impact on the overall school tax levy rate. There are multiple factors that impact the property taxes paid. First, the assessed valuation of the property is established by the County assessor’s office. Second, the State determines the percentage of the assessed valuation that will be taxed (“rollback rates”). Third, the District uses the taxable valuation in establishing its budget and overall school tax levy rate for the year. While the District has some control over the third variable, the first and second variables are outside of the District’s control.  District projections indicate a minimal to neutral impact on the third variable, the overall school tax levy rate. If property valuations increase or decrease and the property tax levy rate remains relatively the same, in general, the overall property taxes paid to the District would change accordingly.

How is it possible to pass a bond issue and have a minimal to neutral tax impact to the school tax rate levy?

Bonded indebtedness is paid by the debt service levy which is a component of the overall school district’s tax levy rate. The overall school tax levy rate is made of multiple areas, which included funding the property portion of the District’s general fund that is not paid by state aid (payment of salaries, benefits, energy costs, curriculum, etc.), among other items. Even though there will be the need to ask for a higher debt service levy tax rate as compared to the current levy rate for the existing debt, the District’s five-year projection model shows a minimal-to-neutral effect for the overall tax levy rate. Through refinancing the current bond obligation with the new bond, along with extending the term and the annual realignment of the various components of the overall school tax levy rate asking, the District projects a minimal-to-neutral overall school tax levy rate effect. 

Memo on financing and keeping the overall school tax level minimal to neutral

Memo on the Debt Service Structure

How was the district master plan created?

The master plan was initially started by administration looking at the facilities needs of the district.  A facilities committee was formed and concepts, discussion of needs, sharing and input was provided by the facilities committee.  This committee started its work in March of 2018.  This committee was made up of representation of staff, community members, parents, administration and two board members.  A student and staff forum also took place as part of the process.  Once the concept to meet the needs began to take shape, an executive committee was formed to work with the architect and continue to refine and develop plans.  The executive committee was made up of the two building principals, two board members and the superintendent.