Parkway School District Proposition S
Four-sevenths majority required.Ballot wording: Shall the Parkway School District borrow money in the amount of One Hundred Ten Million Dollars ($110,000,000) and issue general obligation bonds for the payment thereof, resulting in no estimated increase to the debt service property tax levy, for the purpose of improving school safety and security and maintaining, repairing, improving, furnishing and equipping school facilities and sites, including but not limited to constructing additions to existing school buildings, roof and site repairs, and HVAC, plumbing, electrical and technology upgrades throughout the District? If this Proposition is approved, the adjusted debt service levy of the school district is estimated to remain unchanged at $0.49 per one hundred dollars assessed valuation of real and personal property. The authorization of the Bonds will authorize the levy and collection of an annual tax in addition to the other taxes provided for by law on all taxable tangible property in the District sufficient to pay the interest and principal of the Bonds as they fall due.Summary: The proposition would allow the district to borrow $110 million to make major improvements to a wide range of facilities. The bond issue would not trigger a tax increase. Replacing HVAC systems, roofs and plumbing and electrical systems at various schools are among the projects. Some others include renovating the Instructional Services Center on Fee Fee Road to serve as a new center for children in kindergarten and first grade. Parkway South Middle School would add an Instructional Services Center for counselors, social workers and registrars along with meeting rooms and more classroom space if needed.
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