Trustees of the Livingston Parish School District have set an Oct. 4 bond election for a proposal to issue $30 million of general obligation debt.
If the bond package is approved, proceeds will be used to build a new high school in the Live Oak district in northwest Livingston Parish. The parish is located east of Baton Rouge.
Voters in the fast-growing district approved a half-cent sales tax in May of 2007 to help finance a new high school in the growing district and reduce the need for future property tax increases. The new school will be built with bond proceeds and revenue from the dedicated sales tax.
District officials said the bond issue would require at most a minimal increase in the property tax rate.
The district’s GO bonds are rated BBB-plus by Standard & Poor’s.