Lincoln School Board Sets November Tax Vote

A Saturday, November 16 tax election for Ruston School District No. 1 was set at this morning’s meeting of the Lincoln Parish School Board (LPSB). The vote was unanimous, except for the vote of Eddie Jones (District 2) who was a late arrival.

Specifically, the proposition is worded thus:

Shall Ruston School District No. 1 of the Parish of Lincoln, State of Louisiana (the “District”), incur debt and issue bonds not exceeding $21,000,000, in one or more series, to run not exceeding 20 years from date thereof, with interest not exceeding 8% per annum, for the purpose of acquiring and/or improving lands for building sites and playgrounds; including construction of necessary sidewalks and streets adjacent thereto; purchasing, erecting and/or improving school buildings and other school related facilities, INCLUDING, TO THE EXTENT FEASIBLE, THOSE SPECIFIC SCHOOL PROJECTS SET FORTH IN THE “CAPITAL IMPROVEMENTS PLAN” APPROVED BY THE SCHOOL BOARD ON JULY 25, 2013, and acquiring the necessary equipment and furnishings therefor, title to which shall be in the public; Which bonds will be general obligations of the District payable from ad valorem taxes to be levied and collected in the manner provided by Article VI, Section 33 of the Constitution of the State of Louisiana of 1974 and statutory authority supplemental thereto, with no estimated increase in the millage rate to be levied in the first year of issue above the 11 mills currently being levied to pay General Obligation Bonds of the District?

See here the resolution.

The new bonds will replace several bonds that are near payoff, with the current 11 mil property tax remaining in effect for the 20 year life of the new bonds. Depending upon property assessments and future tax collections, the 11 mil tax rate could decrease in the future.

The proceeds from the bond sales (about $21 million) will be used for maintenance and improvements to the Ruston District’s seven schools:

Cypress Springs Elementary
Glen View Elementary
Hillcrest Elementary
I. A. Lewis Elementary
Ruston Elementary
Ruston High
Ruston Jr. High

A preliminary plan of the proposed improvements was slightly changed for the final version approved today.

Original Plan
Adopted Plan

3 Responses to “Lincoln School Board Sets November Tax Vote”

  1. Rick Godley Says:

    Wasn’t Buddy Roemer the Education governor? Didn’t the Gambling errr I mean gaming go into effect for education? And of course Beautiful Bobby the ‘J’ is the consummate education governor, or am I living in another state of mind?

  2. DereGoDaMoney Says:

    You gotta be kidding? Did you ever see a teenager or trophy wife who had enough money?
    Well, government will never have enough money, either.
    At least it’s another chance to vote NO on a tax.

  3. Ed Webb Says:

    Once a tax, always a tax. People who’s income depends on tax revenue, low information voters and non- property owners just keep voting for taxes.

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