At a work session August 13th, the Monroe County Community School Board discussed if and how to issue another multi-million dollar bond. During a wide-ranging discussion about the Corporation’s finances, school corporation officials said they would like to issue a bond to replace two other bonds that will be paid off in the next few years. Corporation Superintendent Judy DeMuth said the two bonds that will be paid off include one that was approved by referendum in 2010. The other paid for the construction of Bloomington South High School.
Both of the current bonds will be paid off by 2018. If the Corporation doesn’t issue another bond to replace them, tax rates in the County will go down. But several Board members said they want another bond to pay for various upgrades to school buildings. Board member Martha Street said it would be smart to keep the buildings in good shape.