One school bond vote in September impacts seven countiesSeptember 07, 2017One school bond issue on the ballot September 12th will go before voters in seven different counties. That’s the $60-million dollar request by Kirkwood Community College in Cedar Rapids to extend an existing levy.
Voters first approved the Kirkwood bond back in 2005. It was renewed in 2012. The request is renewal of a 25 cent per $1,000 of valuation levy on property taxes for voters in Linn, Johnson, Cedar, Iowa, Jones, Washington and Benton Counties. The vote takes a 60 percent “supermajority” to pass.
It would cost the owner of a home valued at $100,000 slightly under $.50 per month. And that is the same amount taxpayers in Kirkwood’s region are already paying.
Kirkwood administrators say the current levy runs until 2027 and the extension would make the end date 2032. The levy money now is going to pay off regional campus expansions in earlier years.
But by extending the bond now, the community college to borrow against expected revenue and start work much sooner.
The money would go to renovations and expansion of a number of programs.
Full Story on KCRG News