Be Prepared!

Ballot Question Tuesday, March 14, 2017 Boise School District Bond Election​

Shall the Board of Trustees of the Independent School District of Boise City, State of Idaho (the “Board”), be authorized to issue general obligation school bonds of said District in the principal amount not to exceed $172,500,000 for the purpose of financing the costs of acquiring and improving school site(s); constructing, furnishing and equipping new school facilities; and making improvements to existing schools and school facilities, including safety and technology upgrades,the final installment of bonds to fall due not later than twenty (20) years from the date of issuance thereof, all as provided in the Bond Election Resolution adopted by the Board on November 14,  2016?

The interest rate anticipated on the proposed bond issue, based upon current market rates, is two and ninety-six hundredths percent (2.96%) per annum.   The total amount to be repaid over the life of the bonds, based on the anticipated interest rate, is $236,150,650 consisting of $172,500,000 in principal and $70,723,000 of interest, totaling $243,223,000, less $7,072,350 in estimated bond levy equalization payments.

As of March 14, 2017, the total existing bonded indebtedness of the District, including interest accrued, is $58,672,018.