School board approves February bond election
The Richland School Board Tuesday night approved a resolution which will place a $99 million bond issue before Richland School District voters on February 14, 2017. The bond issue addresses 10 facility improvement projects:
- Replace Badger Mountain Elementary School (built in 1978)
- Replace Tapteal Elementary School (built in 1978)
- Build a new elementary school on Belmont Boulevard in West Richland
- Build a new elementary school at a site to be determined
- Richland High School - auditorium improvements
- Fran Rish Stadium - home side improvements and installation of field turf
- Hanford High School - athletic field improvements including installation of bleachers, restrooms, and field turf
- New RSD Teaching/Learning/Administrative Center
- Preschool Center (renovate 1982 Jefferson wing)
- Classroom additions/Land purchases
The estimated total project cost is $141 million. The District expects to receive $42 million in state assistance funds which means that $99 million must come from local taxpayers.
- The Richland School District’s current bond tax rate is $1.56 per $1000 of assessed valuation.
- If voters approve the bond issue, the estimated tax rate would increase 49 cents to $2.05 in 2018.
- Yearly property taxes would increase $98 on a $200,000 home.
- This bond debt would be retired in 15 years in the year 2033.
"We’ve been good stewards of the community’s tax dollars and that will continue,” stated Rick Jansons, President of the Richland School Board. “Our financing plan keeps the tax rate as low as possible."