Voters in Ascension Parish on Oct. 17 approved a request for a $100 million bond issue from the Ascension Parish-Wide School District. About 10% of registered voters in the district went to the polls to approve the measure by 5,883 votes to 1,311.
The district, which is located between Baton Rouge and New Orleans, will use proceeds to build a new elementary school while upgrading 20 existing campuses.
Voters approved an extension of an existing 15.08-mill property tax to support the bonds. The property tax has been extended four times since January 1993, and will now be on the books through 2029.
The district’s GO bonds are rated AA-minus by Standard & Poor’s.