A majority of Jackson School District voters have twice approved a proposed bond issue for a $27 million construction and renovation program that would upgrade some buildings and add others to provide facilities for a growing school system. But in both votes there weren't enough yes votes to reach the four-sevenths supermajority required for the general-obligation bond issue.
As a result, the Jackson district is exploring alternatives. As it is, the bond issue can't be put back on the ballot for a year. Officials worry that such a delay could result in additional costs due to the increasing cost of construction materials and increasing interest rates on borrowed money.
One option the district is considering -- but has not decided on -- is a lease-purchase plan. This would require only a simple majority, and the district hopes the voters who backed the bond issue would also support a lease-purchase plan.
The district is being cautious, however, because adjusting the tax levy to meet future payments isn't an option, as it is with a bond issue. On the other hand, the district could move forward as early as August, which could save money in the long run.
District officials and a majority of the district's voters believe there is a need for improved facilities. How to provide those facilities while protecting the district's financial situation is an effort that requires serious consideration. District patrons will be relying on the school board to make the best possible decision both to meet immediate needs and to safeguard the long-term ability of the district to satisfy its financial obligations.
Connect with the Southeast Missourian Newsroom:
For corrections to this story or other insights for the editor, click here. To submit a letter to the editor, click here. To learn about the Southeast Missourian’s AI Policy, click here.