Freeman Public Schools

Bond Information

Preparing our students of today for their lives tomorrow.

The Freeman Public Schools Board of Education has approved a resolution calling for a mail-in patron vote on March 11, 2025, on a bond issue to expand Career and Technical Education facilities, create additional space for pre-school, add classrooms, and provide safety/security improvements and other updates throughout the school facilities.

View Freeman Public Schools Bond Presentation

WHY IS THIS PROJECT NECESSARY?

NEW CAREER AND TECHNICAL EDUCATION FACILITY

NET INCREASE OF NINE (9) CLASSROOMS AND THREE (3) LEARNING SPACES

NEW PRESCHOOL

SAFE & SECURE WEST ENTRANCE

EXPANDED KITCHEN

EXPANDED CAFETERIA AND COMMONS

ADDITIONAL UPDATES THROUGHOUT THE BUILDING

SEE THE PROJECT DETAILS

VOTED GENERAL OBLIGATION BONDS

$26,910,000

Projected Interest Rate
4.30%

Bond Repayment Term
20 years

Annual Bond Repayment Levy (Principal/Interest on CURRENT & NEW Bonds)
$0.30-$0.31 per $100 of Valuation

IMPORTANT NOTES

The levy or repayment term may be reduced by valuation growth in the district or refinancing bonds to get a more favorable rate.
Due to changes in recent state law, AGRICULTURAL LAND in NEW bond issues is valued at a lower rate than in past bonds.
Click the "FINANCIALS" button below for more information, including estimated tax impact figures for home and landowners.

SEE THE FINANCIALS