Raccoon School Board Discusses Upcoming 2012 Tax Levy
The Board adopted a resolution issuing Working Cash Bonds in the amount of $200,000. Renaud says the bonds are used to offset the cost of other funds, and helps with building repairs. He states the current bonds add 14-cents to the current levy. The new bonds being issued will not raise the tax rates for the district.
The Board rejected bids for the school's cafeteria project. Renaud states all bids received were higher than the $113,000 limit the board budgeted for. The lowest bid the board received was for $118,485, with additional costs raising the total to $150,000. The Board will be reevaluating their budget and resubmit for bids at a later time.
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