Board of Education Pays Bonds Early, Reduces Levy

Board of Education Pays Bonds Early, Reduces Levy
Levy Reduction

At their June meeting, the SBPS Board of Education approved a resolution to pay off our Qualified Capital Purpose Undertaking Fund (QCPUF) bonds earlier than anticipated. QCPUF allows school districts to issue bonds for qualifying facility improvements such as modifications for life safety code compliance, indoor air quality projects, and accessibility. QCPUF was used for the Scottsbluff High School renovation and other district projects. This fiscally responsible action reduced the levy for this fund from 5.2 cents to 3 cents, two years earlier than originally scheduled.