Trustees of Zachary Community School District No. 1 voted Monday to set a Nov. 2 election for $40 million of general obligation bonds.
The district in East Baton Rouge Parish wants to use the proceeds to build a new elementary school, renovate an existing school into a kindergarten center, add 30 new classrooms at one school, and renovate kitchens and gyms at several facilities.
Tentative schedules call for $10 million of the bonds to be issued annually for four years beginning in 2011.
The Zachary district operates three elementary schools, a middle school, a high school, and a career academy.
The district has $89 million of outstanding debt rated AA-minus by Standard & Poor’s.
Voters approved $25 million of bonds in March 2008.
School Board president Hubie Owen said the facilities to be financed with the proposed bonds should meet the district’s needs for the next 10 years.
Approval of the bonds would not require an increase in the district’s 36-mill tax rate for debt service.
