More than 59% of the voters casting ballots last week in Johnson County Unified School District 233’s election approved the district’s $68 million bond referendum to build additions at four high schools.
Proceeds from the bonds will allow the district, which serves the city of Olathe, to fully implement its policy of moving sixth-grade students to middle schools and ninth-grade students to the high schools. Officials said the shift would save it $1.3 million a year in operational costs.
The construction projects are to be completed by the beginning of the 2011-2012 school year.
School officials said the additional property tax needed to support the bonds will add about $2.95 to the monthly tax bill on a $200,000 house.
The Olathe district’s general obligation bonds are rated Aa3 by Moody’s Investors Service and AA-minus by Standard & Poor’s.