Freeman Public Schools

Bond Information

Preparing our students of today for their lives tomorrow.

The Freeman Public Schools Board of Education approved a resolution calling for a patron vote on a bond issue not to exceed $26,910,000 to expand Career and Technical Education, preschool, and classroom spaces and provide necessary updates throughout the building. The vote is scheduled for March 11th using mail-in ballots.

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

GENERAL OBLIGATION BOND

Bond Amount not to exceed
$26,910,000

Projected Interest Rate
4.30%

Bond Repayment Term
20 years

Estimated Bond Levy (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 community 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