Lawrence Schools To Seek $92.5 Million Bond Issue

By: Associated Press
By: Associated Press

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Tuesday, December 18, 2012

Lawrence residents will be asked to approve a $92.5 million bond issue for the city's public schools.

The Lawrence Board of Education voted Monday to put the bond issue to a vote. It is the maximum amount the district could issue without needing permission to exceed a state cap on bonded indebtedness.

The Lawrence Journal-World reports the district would not have to raise its property tax mill levy because it is retiring other bonds this year.

If approved, nearly $71 million of the bond proceeds would be used for 14 elementary schools. The city's two high schools would get about $4.5 million and the career and technology programs would get $5.7 million. Remaining money would go to technology and upgrades needed to support the new technology.


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