Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • 2 Solid Mutual Funds to Boost Your Portfolio on Surging Retail Sales
    • HDFC REIT Index Fund Reopens For Subscription, Offers Passive Route Into Commercial Real Estate
    • Mahindra Manulife MF enters SIF segment with long-short equity fund
    • How Spot XRP ETFs Could Affect XRP Demand, Market Activity
    • Tata debt fund NAV delayed on AMFI website: What investors should know
    • Mutual Funds vs. ETFs: Which is Better for the Same Index?
    • Mahindra Manulife launches equity long-short fund
    • Why is BTC falling even though $2.4 billion is flowing into ETFs? 🤔|yunmam
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Worthington ISD 518 bond referendum is Aug. 13 – The Globe
    Bonds

    Worthington ISD 518 bond referendum is Aug. 13 – The Globe

    July 29, 2024


    WORTHINGTON — In just two weeks, residents of ISD 518 will vote whether to authorize a $15.3 million bond to fund some significant facility changes to Worthington High School.

    Officially approved to be listed on a primary election ballot back in April, the Aug. 13 election will ask voters to decide whether a plan for structural improvements and updates to the high school will move forward.

    Since 2010, ISD 518 has upgraded and added school buildings to accommodate higher student populations. After a referendum in 2016 to build a new high school building failed, the Board of Education knew at some point that the current building’s needs would have to be addressed.

    That time has arrived, according to ISD 518 Superintendent John Landgaard.

    “Space is a continuing issue, something’s going to have to be addressed,” Landgaard said Monday in an interview with The Globe. “This is the most economical way the board has found to address that need at the high school.”

    If the $15.3 million bond passes on Aug. 13, the plan is for the district to invest a total of $33.8 million into maintenance improvements and overall facility updates. The district has $18.5 million in reserves to put toward the project.

    The referendum, if approved, would result in district residents repaying the $15.3 million bond over the next 20 years through their property taxes. For a home valued at $170,00, for instance, the tax impact is estimated to be $45 per year for each of the next 20 years.

    Landgaard said key updates the $15.3 million bond would cover focus primarily on adding space and improving maintenance projects that were deferred over time.

    Regarding space, proposed changes at the high school include the addition of eight classrooms, updating the kitchen facilities, moving the administrative offices into a more secure location of the building and adding a hallway in the upper north wing to connect classrooms from the east and west sides of the building.

    Maintenance improvements include updating the HVAC system in the building’s north wing, replacing sections of the roof, and replacing various hardware on doors, lockers, etc.

    These projects, along with many more, were determined following conversations and surveys conducted with district staff and community members. Landgaard said if the bond passes, the next step would be to continue conversations and get more detailed on how much money is spent where.

    He said those talks would occur this fall into early next year so that, ideally, construction bids could be requested no later than spring of 2025.

    “Because of this project and the way it is, it’s a two-summer project,” said Landgaard. “The earliest we’d be able to occupy the space would be fall of 2027.”

    If the bond referendum fails, the ISD 518 Board of Education will have a big decision to make: go back to voters with a different plan, use the $18.5 million they have in reserves to complete a “scaled down” approach as Landgaard calls it, or decide to use a lease tax levy, which is like a lease-to-own agreement with residents in the district.

    For residents of ISD 518, there are three ways to vote: go to the polls on Aug. 13, vote early or by an absentee ballot in person, or mail in their ballot if they live in a mail ballot precinct. Early voting will continue through Aug. 12.

    To learn more about the bond referendum, how and where to vote or see a personalized tax impact, visit

    518committed.com

    .

    Hope Moural

    Hope Moural is the community editor for the Globe as of May 2024. A born and raised Nebraskan, Hope has a dual bachelor’s degree in Journalism and Communications from Concordia University, Nebraska, and has previously worked as a general assignment reporter.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Goldman Sachs Explains Why Not to Buy the 5%+ Bonds and Rather Stick to AI

    September 28, 2026

    Stocks wobble as bonds slump to monthly loss

    September 28, 2026

    China’s 30-year bonds: Citi recommends buying Asian giant’s long-term government securities on weak growth

    September 28, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How Spot XRP ETFs Could Affect XRP Demand, Market Activity

    September 29, 2026

    2 Solid Mutual Funds to Boost Your Portfolio on Surging Retail Sales

    September 29, 2026

    Bonds vs shares – what’s the difference and how do they work?

    June 28, 2023

    HDFC REIT Index Fund Reopens For Subscription, Offers Passive Route Into Commercial Real Estate

    September 29, 2026
    Don't Miss
    Mutual Funds

    2 Solid Mutual Funds to Boost Your Portfolio on Surging Retail Sales

    September 29, 2026

    Inflation increased in August and continues to pose a significant challenge, prompting the Federal Reserve…

    HDFC REIT Index Fund Reopens For Subscription, Offers Passive Route Into Commercial Real Estate

    September 29, 2026

    Mahindra Manulife MF enters SIF segment with long-short equity fund

    September 29, 2026

    How Spot XRP ETFs Could Affect XRP Demand, Market Activity

    September 29, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    How hybrid mutual funds balance risk and return in uncertain market conditions

    June 3, 2025

    Global fusion energy investments hit record $4.48 billion

    July 17, 2026

    Understanding compulsory vs non-compulsory funds

    August 10, 2025
    Our Picks

    2 Solid Mutual Funds to Boost Your Portfolio on Surging Retail Sales

    September 29, 2026

    HDFC REIT Index Fund Reopens For Subscription, Offers Passive Route Into Commercial Real Estate

    September 29, 2026

    Mahindra Manulife MF enters SIF segment with long-short equity fund

    September 29, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.