On April 5, voters in the Crane School District will be asked to vote on a proposed $1 million no-levy-increase bond issue.
According to the Crane School District website, if passed, the district will use the funds for the following building projects: track with lights, restrooms, concession stand and a parking lot.
On the ballot voters will see the following:
Shall the Board of Education of the Crane R-III School District, Missouri, without an estimated increase in the current debt service property tax levy, borrow money in the amount of One Million Dollars ($1,000,000) for the purpose of providing funds for the site development, construction, equipping, and furnishing of an athletic complex to include, without limitation, a new track, a concession stand, a parking lot, and restrooms; to the extent funds are available, complete other repairs and improvements to the existing facilities of the District; and issue general obligation bonds for the payment thereof? If this proposition is approved, the adjusted debt service levy of the School District is estimated to remain unchanged at $0.9900 per one hundred dollars of assessed valuation of real and personal property.
The full story is available to read on bransontrilakesnews.com.
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