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Bond Vote

Linn-Mar Community School District Bond Vote Tuesday, September 11, 2018

Bond Referendum Informational Video

Here’s an informative video from Associate Superintendent Shannon Bisgard that outlines the district’s September 11th bond referendum

2018 General Obligation Bond Referendum

What is the question that will appear on the ballot September 11th regarding the bond?

Shall the Board of Directors of the Linn-Mar Community School District in the County of Linn, State of Iowa, be authorized to contract indebtedness and issue General Obligation Bonds in an amount not to exceed $55,000,000 to provide funds to construct, build, furnish and equip two 5th-6th grade intermediate buildings and to improve those sites?

How does the district plan to address overcapacity?

The school district is moving forward with a facilities 10-year capital plan to strategically address existing and long-term capacity issues at all grade levels in the rapidly growing district. The plan also responds to efficiency, safety, and building-access issues in each of the district’s schools.

Since the 2005-06 school year, district enrollment has increased from 5,267 to nearly 7800 students (an increase of 47 percent). As a result of the sustained growth, several schools are near or at capacity.

On May 7, 2018, RSP Associates presented a 2017-2018 Enrollment Report during the Board of Education meeting. The report outlines district enrollment and demographics in addition to development in the community and enrollment projections.

Which schools are overcapacity?

Enrollment at Indian Creek and Novak Elementary and Oak Ridge Middle School is near or overcapacity.

School 2017-18 Enrollment Capacity % Capacity
Bowman Woods 456 500 91.20%
Echo Hill 566 600 94.33%
Indian Creek 569 500 113.80%
Linn Grove 528 600 88.00%
Novak 598 600 99.67%
Westfield 553 600 92.17%
Wilkins 428 500 85.60%
Excelsior 968 1100 86.82%
Oak Ridge 772 750 102.93%
High School 2210 2550 86.67%
Total 7,635 8,350 91.44%

What is the district’s short-term plan?

This bond will pay for the construction of two new 5th-6th grade intermediate schools. In addition to the construction of the new schools, the district will restructure to a new grade format — PK/K-4; 5-6; 7-8; and 9-12 — for the 2020-21 school year. This will alleviate overcrowding at the district elementary and middle schools. Details on the district’s short-term plans (approximately the next 1-3 years) can be found in the facilities 10-year capital plan.

What about mid-term and long-term plans?

Mid-term plans include the construction of an eighth elementary school, improvements to parking and traffic flow at Excelsior Middle School, and a secondary facilities analysis and master planning. Long term, the district foresees the need for a second high school (when enrollment reaches 2,800) and construction of an additional elementary school.

How will the plan be financed?

To finance the 10-year-plan, the district will draw from multiple sources, including the SAVE (Secure an Advanced Vision for Iowa) and PPEL (Physical Plant and Equipment Levy) funds. In addition to these existing resources, the district plans to ask voters in the Linn-Mar Community School District to approve a $55 million general obligation bond on Sept. 11, 2018.

What factors would change the district’s plan?

The plan is dependent upon continued growth in the district, economic conditions in the community, and additional variables — such as the extension of the SAVE fund — that dictate the district’s timeline.

The district is currently circulating petitions to call a bond vote. The school board will be presented with the petitions in April/May. If approved by a 60 percent majority in September, the property tax rate would increase $0.65 on every $1,000 of taxable value. The increase will equate to approximately $5.91 a month in additional property taxes for the owner of a $200,000 home.

Proposed Levy Rate:

Assessed Value Rollback Taxable Value Homestead Credit Net Taxable Value Change Per $1,000 Annual Tax change Monthly Tax charge
$100,000 55.621% $55,621 $4,850 $50,771 $0.65 $33.00 $2.75
$200,000 55.621% $111,242 $4,850 $106,392 $0.65 $69.15 $5.76
$300,000 55.621% $166,863 $4,850 $162,013 $0.65 $105.31 $8.78

Learn more about the Summary Tax Impact for residential, multi-residential, and commercial properties.

What is the Historical District Levy Rate?

Historical District Levy Rate

How do I learn more?

This webpage will also be updated with information pertinent to the restructuring plan and general obligation bond vote.

You can also send your questions to vote@linnmar.k12.ia.us.