Decatur City Commission puts $75 million bond on the ballot
Decatur’s City Commission has approved placing a question of whether to borrow $75 million for school construction on the ballot this November.
Commissioners approved the measure at their June 1 meeting.
The ballot question will read:
YES or NO: Shall there be authorized to be issued up to $75,000,000 of City of Decatur general obligation bonds for the purpose of financing a portion of the costs of (i) acquiring, constructing and equipping new school buildings and other buildings or facilities useful or desirable in connection therewith, including, but not limited to, new elementary schools and an early childhood learning center, (ii) adding to, renovating, replacing, expanding, repairing, improving and equipping existing administrative buildings, school buildings and other buildings and facilities useful or desirable therewith, including, but not limited to, Decatur High School, Renfroe Middle School, the 4-5 Academy and other existing elementary schools, (iii) acquiring, installing and equipping portable classrooms, including the infrastructure therefor, (iv) acquiring the College Heights Early Learning Center leased by the City Schools of Decatur, (v) acquiring any property useful or desirable therefor, both real and personal, (vi) paying capitalized interest and (vii) paying expenses incident to accomplishing the foregoing?
If voters approve the request, it will increase property taxes by about 8 percent. According to an example provided by CSD, it would raise taxes on a $500,000 home by $680 per year.
Commissioners had promised School Board members they would approve the request for a bond during a work session about the system’s facility needs. City Commissioners and School Board members have held multiple joint meetings since 2013, when commissioners declined to put a referendum on the ballot that would’ve allowed the system to borrow $59 million. At the time, Mayor Jim Baskett said at the time there was concern the bond referendum might not pass. In the intervening months, School Board members have received numerous presentations on the facilities enrollment needs and the system has held public input sessions on the system’s plans to expand Renfroe Middle and Decatur High.
Prior to the vote on Monday, June 1, 2015, Baskett said the city trusts the school system’s enrollment projections and its stated need for more facilities, including a new elementary school.
“This is a matter for the people of Decatur to decide in a vote in a referendum of November, and the School Board has the knowledge and understanding of their needs that are beyond my knowledge and understanding and I am willing to allow them the opportunity to ask for that vote,” Baskett said.
This is a developing story. Check back for updates.