The Central Community School Board last week set a tax election for May 2 to generate funds to upgrade and expand the school system in East Baton Rouge Parish.
If voters approve the taxes, the three proposals on the ballot would provide $55.5 million of debt financing over 20 years.
A 20-year, 0.5% sales tax would be combined with a portion of the revenue from the district’s existing sales tax to support $23.5 million of bonds. Proceeds would finance site acquisition and construction of a new middle school.
The second proposition is for a property tax of 9.25 mills, which would fund a $12 million, 20-year bond issue to fund critical repairs at three elementary schools.
The third ballot measure is seeking a 14.4 mill property tax to support a $20 million, 20-year bond package to finance a new elementary school and maintenance at several district facilities.
The district split from the parish school system in 2007 and has no outstanding rated debt.
In July, voters rejected a school improvement plan to be financed with $98 million of bonds supported by increases in the district’s sales and property taxes.
