Sullivan School District Seeking Passage Of $22 Million Bond Issue

The Sullivan School District is asking voters April 4 to pass Prop S, a no-tax increase $22 million bond issue.

The district, which is seeking its first bond issue since 2017, would use the funds to provide safety and security upgrades at various campuses.

If passed, the district’s $1.10 per $100 of assessed valuation debt service levy would remain unchanged.

Prop S promises to secure the vestibules at the high school and middle school campuses, along with relocating the main office at the middle school.

Ballistic film would be installed on the windows throughout the district, providing a layer of security.

The district would reconfigure classrooms and space in the high school annex building while addressing safety and security upgrades.

Finally, the district would upgrade intercoms and cameras throughout the district.

Bond issues are used by school districts to borrow money to pay for capital projects that are typically too costly for budgets.

Districts sell bonds to a purchaser offering the lowest interest rate. The funds are used to complete the project and the debt is paid back over a period of time.

The district pays for its bond issue with a levy $1.10 per $100 of assessed valuation. Even if the bond issue fails, the debt service levy remains unchanged.

Districts may not use the funds from a bond issue to pay for anything except capital improvements.