Morenci school bond meeting set 3.26

Posted in 2008 March

Have some questions about the Morenci school bond proposal?

Bring them to the informational meeting planned at 7 p.m. Thursday in the middle school library.

The “Vote Yes” bond committee and superintendent of schools Kyle Griffith will attend the meeting to answer questions about the proposal that will appear on the May 6 school election ballot. Committee members are Adam Johnson, Penny Baumgartner, Joe Farquhar and Carrie Dillon.

If taxpayers approve the request, the existing middle school millage rate will hold steady at 7.0 mills for the next five years. If the issue fails, the millage rate will start to decline due to refinancing of the bond.

By maintaining the current rate, the school board will undertake $1.4 million of maintenance projects at the high school and elementary school. Without that money, the maintenance needs will have to be paid from the general fund. However, those funds are short and the school board has had to approve deficit budgets in recent years due to state financial conditions.

Board president Dwight Mansfield thinks the bond proposal is the least painful way of covering the cost of the work.

If approved, the bond would cost the owner of a $100,000 home $20 in the first year and an average of $40 a year over the five-year period.

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