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Audubon School Board passes Bond Resolution

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August 31st, 2021 by Ric Hanson

(Audubon, Iowa) – The Audubon School Board held a special meeting Monday evening, and along with it, a public hearing on the Proposed Issuance of approximately $3.4-million in school infrastructure sales, services and use, tax revenue and refunding bond. Superintendent Eric Trager explains…

Trager says this time around, they hope they have the necessary authority to proceed with the process.

The monies are sales tax dollars they are able to bond against because the sales tax is pretty much guaranteed through 2052, and not an increase in your taxes.

He said asking for money again from the taxpayers was not an option the Board wanted to consider. The Board passed the Resolution supporting the issuance of the bonds. Eric Trager said also, the school year is off to a good start, they’re happy to see the kids in the building and having things get back to normal as possible. He said “We’re off and running, so that’s a good thing.”