St. Louis City School Bond Measure (August 2010)
This measure was approved
- YES 24,734 (75.95%)
- NO 7,831 (24.05%)
This measure sought to create a bond in the amount of $155 million which would be used to equip, construct, repair and furnish school sites throughout the city. The current school levy of $.62 will not increase since this bond was approved. Since this measure was approved, the district will be able to take advantage of $55 million worth of interest free bonds. The tax will not increase because payment would be extended to 2025. School officials noted that the bonds were necessary for school upgrades otherwise the school cannot stay competitive with others in the county and would fall behind. Opponents of the measure noted that the bond language was too broad as did not hold school officials accountable for what the money would be used for. Since it was approved, construction can begin within 6 months of approval.
The question on the ballot:
|SCHOOL BOND ELECTION TRANSITIONAL SCHOOL DISTRICT OF THE CITY OF ST. LOUIS Shall the Special Administrative Board of the Transitional School District of the City of St. Louis borrow money in the amount of One Hundred Fifty Five Million Dollars ($155,000,000) for the purpose of acquiring, constructing, renovating, repairing, improving, furnishing and equipping school sites, buildings and related facilities in the District, including but not limited to (1) removing lead paint and other hazardous materials at affected schools, (2) upgrading technology to modernize classrooms and improve academic performance, (3) improving building conditions and security systems to increase student safety and security, (4) upgrading school kitchens to improve student health, and (5) improving school playgrounds and athletic fields and facilities, and issue general obligation bonds for the payment thereof, resulting in no estimated increase in the debt service property tax levy? If this proposition is approved, the adjusted debt service levy of the school district is estimated to remain unchanged at the current rate of $0.6211 per one hundred dollars assessed valuation of real and personal property.|
- St. Louis City Election, August 3 Primary Results Summary
- St. Louis City Board of Elections, August Non Partisan Sample Ballot
- The St. Louis American, "SLPS campaigns for $155M bond issue on Aug. 3 ball," July 21, 2010
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
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