Cape Girardeau voters will decide this April whether to approve a $20 million dollar bond issue that will be used to renovate and improve buildings for the district.
Superintendent Jim Welker says that Proposition 1 is a no-rate increase bond issue and will appear on the ballot on April 7.
“It will not result in the tax rate going up,” Welker said. “But it does extend our debt a few years, I think five years, but it won’t cause the tax rate go up.”
The bond issue will address phase two of the district’s facility plan that was developed in 2008. Phase one was addressed by the bond issue that was approved by voters in 2010. Highlights from phase one included the construction of the football stadium as well as the Kinder Performance Hall.
The biggest project in phase two is the renovation of the junior high school which was built in the 1950s and there hasn’t been a lot of work done to it in terms of renovating the main part of the building. There are also plans to add an additional facility at the Career and Technology Center.
Passage of the bond issue requires approval by 4/7 or 57.14% of Cape Girardeau voters. The vote on Proposition 1 will be held on April 7.
There is more information about the bond issue on the district’s website, www.capetigers.com.
