Boone County Schools in West Virginia is asking voters to pass a bond referendum next month. The Board of Education wants to sell $45.2 million of general obligation bonds in two series with 20-year maturities. Early voting will be held Aug. 5-17. Election day is Aug. 20.
A residence with a homestead exemption and assessed value of $100,000 can expect to see property taxes increase by an estimated $5.73 a month if the bond issue passes. The board also is seeking a $23 million matching grant from the West Virginia School Building Authority to provide $68.2 million to build a new high school and renovate other schools.
The school board said it consulted with Raymond James & Associates Inc. and Bowles Rice McDavid Graff & Love LLP as bond counsel.
The school board operates 15 schools as well as career, technical and pre-K centers with a student population of 4,600.
