bond capacity

Posted on January 7, 2015

School district’s bonding capacity limited by state

Helena Public Schools officials are saying a solution for facility needs around the district must be broken into three bond elections.

Driving the decision is a state-imposed “bonding capacity” that limits the amount of debt on which a school district can ask taxpayers to make payments. Law sets that cap at 50 percent of the taxable value of properties in a district.

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