Tri County To Hold Special Election For School Bonds In May

On March 10, 2025, the Tri County Public Schools Board of Education voted unanimously to approve a resolution calling for a special election of the voters of the school district to vote for or against the issuance of General Obligation School Building Bonds, in an amount not to exceed $21.5 million, for the purpose of constructing additions, renovations and improvements to the district’s existing facilities. The funds will be used for constructing additions, renovations and improvements to the school district’s facilities. The special election will be held Tuesday, May 13, 2025, by mail. No polling places will be open for voting. Instead, each registered voter residing within the district will receive a ballot by mail at his/her address as it appears on the voter registration register.The Tri County Public School District covers portions of northwest Jefferson County, western Gage County and southeast Saline County. The total cost of the project is anticipated to be $28.3 million. Of that, $6.8 million for the lease purchase will come from the existing building fund and general fund levy from the tax levy that is already in place. Therefore, the lease purchase should have no impact on the levy.The remaining $21.5 million will come from the General Obligation bonds, if approved by the voters, and require an increase of 11.5 cents. The bonds will have a 25-year term with a projected average interest rate of 4.36 percent.According to Tri County, the school district’s valuation is kept level for the life of the bonds.After 2032, when the lease purchase is paid off, the levy increase will drop to 10.8 cents.

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