Published: Friday, November 6, 2009
The Marysville School Board voted unanimously this week to place a $78 million bond measure for school construction on the Feb. 9 ballot.
Among other things, the 20-year bond would replace Liberty and Cascade elementary schools with new two-story buildings. Marysville Middle School also would be replaced.
Other projects would include improvements at Marysville-Pilchuck High School, including work on the swimming pool, as well as technology upgrades and planning for future projects.
Superintendent Larry Nyland said the bond measure wouldn't solve all of the district's building needs and the district likely would need to seek another bond in 2014.
Advantages to passing a bond measure now include lower interest rates and competitive construction bids among contractors, Nyland said.
The estimated annual cost for the bond is 61 cents per $1,000 of assessed value. That would be $183 on a $300,000 home. With previously approved bond measures, the overall bond rate would be $1.60 per $1,000.
Bond measures require a 60 percent supermajority to pass.
Marysville voters approved a $118.2 million bond issue in 2006 that included building the new Grove Elementary School and Marysville Getchell High School, which is expected to open next fall.
The school board also has placed a four-year maintenance and operations levy on the February ballot. It would replace an expiring four-year levy that provides about 24 percent of the district's daily operations budget.
The cost would be $3.15 per $1,000 of assessed value for each of the four years. It would raise more than $21 million a year and would cost $945 on a $300,000 home.
Maintenance and operations levies require a simple majority to pass.
Marysville school officials say they would be collecting about $34 million a year in the combined bond and levy rates if both measures pass. That's actually less than the $34.3 million that is being collected this year.
"What we collect will be less every year for the next five years than is being collected in 2009," Nyland said.
Eric Stevick: 425-339-3446, stevick@heraldnet.com.
Marysville School District looks to upgrade with $78 million bond
MARYSVILLE - A bond passed three years ago helped the Marysville School District address a space crunch and now school leaders hope voters will approve another measure to upgrade aging campuses.The Marysville School Board voted unanimously this week to place a $78 million bond measure for school construction on the Feb. 9 ballot.
Among other things, the 20-year bond would replace Liberty and Cascade elementary schools with new two-story buildings. Marysville Middle School also would be replaced.
Other projects would include improvements at Marysville-Pilchuck High School, including work on the swimming pool, as well as technology upgrades and planning for future projects.
Superintendent Larry Nyland said the bond measure wouldn't solve all of the district's building needs and the district likely would need to seek another bond in 2014.
Advantages to passing a bond measure now include lower interest rates and competitive construction bids among contractors, Nyland said.
The estimated annual cost for the bond is 61 cents per $1,000 of assessed value. That would be $183 on a $300,000 home. With previously approved bond measures, the overall bond rate would be $1.60 per $1,000.
Bond measures require a 60 percent supermajority to pass.
Marysville voters approved a $118.2 million bond issue in 2006 that included building the new Grove Elementary School and Marysville Getchell High School, which is expected to open next fall.
The school board also has placed a four-year maintenance and operations levy on the February ballot. It would replace an expiring four-year levy that provides about 24 percent of the district's daily operations budget.
The cost would be $3.15 per $1,000 of assessed value for each of the four years. It would raise more than $21 million a year and would cost $945 on a $300,000 home.
Maintenance and operations levies require a simple majority to pass.
Marysville school officials say they would be collecting about $34 million a year in the combined bond and levy rates if both measures pass. That's actually less than the $34.3 million that is being collected this year.
"What we collect will be less every year for the next five years than is being collected in 2009," Nyland said.
Eric Stevick: 425-339-3446, stevick@heraldnet.com.
