Tomorrow Residents inside the Union Public school district will have an opportunity to vote for the latest school bond for $19,000,000. I support this bond and will vote yes.
Click here for information on how the 2012 bond money will be spent.
The following table shows the bond amounts for 2010, 2011, and for the proposed 2012 bond, what Union assumed the growth in the district would be, and what growth actually was.
You will see that this year, in addition to lowering the amount they asked for, they assumed 0% growth. This in a good faith attempt to keep the overall tax rate voters are are asked to pay, the same as the previous years. As long as growth is at least 0%, the overall tax rate in the Union district, for these bonds will remain the same.
| Bond Series | Principal Amount | NAV Growth Assumption | NAV Growth Actual |
| 2010 Bonds | 22,000,000 | 2.50% | 0.96% |
| 2011 Bonds | 21,600,000 | 1.00% | -0.75% |
| 2012 Bonds | 19,000,000 | 0.00% |
Here are the last several bond amounts. You will notice that this will be the smallest bond in the current 5 year cycle, lower than what was issued in 2008
2011: $21,600,000
2010: $22,000,000
2009: $20,000,000
2008: $19,400,000
2007: $17,000,000*
2006: $15,200,000*
2005: $13,000,000*
2004: $17,000,000*
2003: $16,000,000*
*Remember that Union school bonds are on a 5 year cycle. The new one coming on with the oldest one dropping off.
**I have some additional documentation regarding the projections and assumptions used to create this 2012 bond, I would be more than happy to share it if you will shoot me an email roemermanonrecord at gmail dot com.
