Voters in Louisiana’s Iberia Parishwide School District will decide on a $60 million general obligation bond package Saturday that would finance projects contained in a capital improvement plan adopted by school trustees in July.
Superintendent Dale Henderson said approval of the 20-year bonds would not require an increase in the district’s current property tax rate of 21.9 mills.
Henderson said proposed projects include two new schools to reduce overcrowding and accommodate anticipated growth in the northern part of the parish.
Proceeds would provide $25.5 million for the new schools, $20.7 million for renovations and additions that would eliminate the need for portable classrooms, $6 million for technology upgrades, and $6 million for safety and security projects.
Voters will also be asked to approve a 10-year, 6.23-mill property tax for operations. The district’s bonds are rated A2 by Moody’s Investors Service.