Prop N: Bond Issue

Simply put, a bond is much like a personal home loan, and is a way for government entities, such as school districts, to borrow money for large projects and repay them with future tax proceeds. An individual generally approaches a financial institution for a mortgage because they don’t have the means to pay for their home with one large initial payment. Affton School District doesn’t have the ability to pay for $25 million worth of projects either, so it approaches voters asking them to consider a proposed bond by holding what is known as a “bond election.”

Prop N will restructure existing capital lease debt, adding $1.6 million to the district’s general operating fund, and provide $10-12 million to continue capital improvements to district schools and learning spaces. Projects were prioritized by the district’s Buildings and Grounds Committee following a year-long facilities audit. The plans will:

14-107-6_TB-Gotsch-re-ExtEntrance 16 - Prop N - GIS Rendering 2 14-107-7_TB-Gotsch-re-IntCafeteria

 

 

 

 

14-107-5_TB-Rogers-re-ExtEntranceunknown title

 

 

 

 

  • Implement Capital Improvement Plan renovations at Affton High School, to include locker room restoration and renovation.