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Why are lease purchases part of this bond plan?

Why are lease purchases part of this bond plan?

Question 1 of the bond plan includes paying off three existing lease purchase agreements. Some may ask why we are rolling shorter-term loans into a longer-term loan. Here’s the reason:

  • These leases were used to address urgent facility needs when past bonds did not pass.

  • Paying off the leases through the bond frees up nearly $400,000 per year for preventive maintenance, which the community told us is a top priority.

  • Without this step, the district would continue to use limited resources to pay off smaller loans instead of addressing long-term needs.

Including the leases in the bond plan is a strategic decision. It allows the district to manage its finances responsibly, address deferred maintenance, and build strong schools that support inspired students.