Joplin schools to put $62 million bond to vote - KMOV.com

Joplin schools to put $62 million bond to vote

JOPLIN, Mo. (AP) -- Joplin residents will vote on a $62 million bond issue to rebuild schools destroyed by a May 22 tornado.

If approved in an April 3 vote, the bond revenue also would be used to build storm shelters for the district and renovate undamaged elementary schools.

The Joplin Board of Education voted Monday night to put what likely is the largest bond issue proposal in the school district's history on the ballot.

If it's approved, the debt service levy would increase by 35 cents, to $3.66 per $100 assessed valuation.

The Joplin Globe reports (http://bit.ly/ydze7l) all the projects would cost about $185 million. The district will receive about $85.9 million in insurance for the destroyed schools. That does not include the buildings' contents, which is a separate claim.

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