2017 Bond Information

Bonds are for Building!

School bonds provide immediate funds for large, long-term capital projects, such as modernization of buildings, new school construction or purchasing property. Bond funds are generally collected over a 15 to 30 year period, and are comparable to your home mortgage.

  • On February 14, 2017, Finley voters approved a $10 million bond to:
  • Renovate the Career & Technical Education (CTE) Buildings and Greenhouses
  • Upgrade athletic facilities, including ADA compliant grandstands, weight room equipment, and locker room modernization
  • Improve safety at all three schools with a new security system
  • Make numerous improvements to each building in the district (See Proposed Projects for details)

2017 Bond Quick Facts:

  • Finley has not proposed a bond to its community in 17 years (since 1999)
  • We paid off this bond in 2011 and have been debt-free ever since
  • A State-funded STEM Grant received by Finley School District in 2016 is starting the renovation to our Career & Technical Education (CTE) Building
  • Tax relief is available to qualified senior citizens through Benton County Assessor's Office
  • Questions? Contact Lance Hahn at (509) 586-3217 or lhahn@finleysd.org

Estimated Project Costs

Thanks to the passage of the bond, the district will complete the following projects:

Projects

Estimated Project Costs

Renovate the Career & Technical Education (CTE) Buildings and Greenhouses

$2,140,746

Upgrade athletic facilities, including ADA compliant grandstands, weight room equipment, and locker room modernization

$2,556,000

Install security cameras and new key system at all three school buildings to improve student and staff safety

$405,000

Complete additional projects throughout our school facilities, including new carpeting at the elementary school, new roofing at the middle school, a new water distribution plant at the middle and high school, new lighting in all schools …and more!

$4,015,000

Tax & Contingencies

$883,254

TOTAL

$10,000,000


Projected Tax Rates

Total bond amount requested = $10 million (financed over 20 years)

Estimated 2018 tax rate = $1.44 per $1,000 of assessed property value

Estimated Tax Payment

 

Assessed Property Value

Per Month

Per Year

$100,000

$12.00

$144.00

150,000

18.00

216.00

200,000

24.00

288.00

250,000

30.00

360.00

300,000

36.00

432.00

More information on property values can be found at the Benton County Assessor website .

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