Report: Decatur School Board will ask for $75 million bond referendum
The Atlanta Journal Constitution reports that City Schools of Decatur Superintendent Phyllis Edwards has convinced School Board members to seek a $75 million bond referendum to pay for school construction.
By borrowing $75 million, CSD would be able add new facilities to meet 93 percent of the system’s projected enrollment. It would raise taxes on a $500,000 home by $680 per year.
The current enrollment is about 4,000 students. All of the general obligation bond estimates predict a total enrollment of more than 6,000 by 2020.
According to a survey being conducted by the city, about 69.5 percent of 395 people who responded would support a $75 million referendum. The survey found 81.4 percent would support a $60 million referendum.
School Board members have gone back and forth on the amount they’d like to ask voters to approve. The board members had considered asking for an $82 million GO referendum, but backed away from that idea during a Feb. 23 School Board meeting.
Edwards recently announced she would be resigning as the city’s superintendent.