The District recently sold the bonds approved by voters for school construction projects. There was very good news: they were able to get more for the money through premium bonds, a higher cost bond for investors. For GAPS taxpayers, this means that an additional $28 million will be available for projects at no additional cost to them.
The District also qualified for $6.9 million in state matching funds that became available after other districts with higher priority for the funds failed to pass their measures. These funds will ensure that the tax rate stays at the level that was estimated prior to the election.
Planning for the projects is on a fast track. Design drawings, timelines and project details will be published this fall. We’ll publish the news as we get it.