{"id":2803,"date":"2025-01-20T13:41:01","date_gmt":"2025-01-20T19:41:01","guid":{"rendered":"https:\/\/thexradio3.com\/news\/?p=2803"},"modified":"2025-01-20T13:42:49","modified_gmt":"2025-01-20T19:42:49","slug":"south-central-school-board-approves-bond-issue","status":"publish","type":"post","link":"https:\/\/www.thexradio.com\/news\/local-news\/2803-south-central-school-board-approves-bond-issue\/","title":{"rendered":"South Central School Board Approves Bond Issue"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-right\"><a href=\"javascript: window.print()\" class=\"pdfprnt-button pdfprnt-button-print\" target=\"_self\" ><img decoding=\"async\" src=\"https:\/\/www.thexradio.com\/news\/wp-content\/plugins\/pdf-print\/images\/print.png\" alt=\"image_print\" title=\"Print Content\" \/><span class=\"pdfprnt-button-title pdfprnt-button-print-title\">Print<\/span><\/a><\/div><p>The South Central School Board has given final approval to a $2-million general obligation bond issue in the working cash fund.<\/p>\n<p>Superintendent Kerry Herdes says the bond replaces an expiring bond issue.<\/p>\n<p>\u201cThe bond issue creates some temporary revenue for us. We can always let those bonds come off, which is what we\u2019re doing this time. We\u2019re letting a huge chunk of the bond come off to be able to lower our tax rate. When you mix that with the EAV increase in the counties, you\u2019re looking at our tax rate right now being $4.58 and we\u2019re going to let it come down at least to $4.35.\u201d<\/p>\n<p>Herdes says the district will buy its own bonds allowing them to keep the $86,000 a year that would be paid in interest.&nbsp; That leaves the only the $46,000 cost to create the bonds.<\/p>\n<p>Herdes says the bond revenue is important to the district to keep the budget in the black.&nbsp; He notes the district took a big hit again this year in loss of corporate personal property tax revenue from the state.<\/p>\n<p>The board learned a tree that fell on a neighboring property caused $30,000 in damage to the district\u2019s administrative building.&nbsp; The tree poked holes in the roof, damaged one outside wall and broke two windows.&nbsp; The district\u2019s insurance company is covering the repair cost.<\/p>\n<p>In personnel action, the board accepted a letter of retirement in April of this year from elementary teacher Jane Miller.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The South Central School Board has given final approval to a $2-million general obligation bond issue in the working cash fund. Superintendent Kerry Herdes says the bond replaces an expiring [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[19],"tags":[],"class_list":["post-2803","post","type-post","status-publish","format-standard","hentry","category-local-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>South Central School Board Approves Bond Issue - Effingham&#039;s News and Sports Leader, 979XFM and KJ Country 102.3<\/title>\n<meta name=\"description\" content=\"Effingham&#039;s News and Sports Leader\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thexradio.com\/news\/local-news\/2803-south-central-school-board-approves-bond-issue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Central School Board Approves Bond Issue - 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