St. Charles voters to decide on $47 million bond issue - KMOV.com

St. Charles voters to decide on $47 million bond issue

Posted: Updated:
Rendering of St. Charles School District Proposal (Credit: St. Charles School District) Rendering of St. Charles School District Proposal (Credit: St. Charles School District)

ST. CHARLES (KMOV.com) -- In April, taxpayers in the City of St. Charles School District will be asked to approve Prop KIDS, a $47 million bond issue.

The proposition is a no tax increase bond that district leaders said will allow them to borrow money to fund capital projects like building renovations, repairs, technology and building upgrades. If passed, homeowners will continue to pay 75 cents per one-hundred dollars assessed property value. 

"The District is able to ask for a bond without raising the debt service due to the District's efforts to pay-off existing bond issue debt ahead of schedule," said Chris Bennett, communications coordinator for the City of St. Charles School District.

The project headlining the bond will be a new early childhood center. The district hopes to build the $15 million center on property it already owns at 1301 Boone's Lick Road. District leaders said it will add 200 spaces for students to enroll in the district. The goal is to have it open by the 2018-2019 school year. 

Demand for the center is staggering. District leaders told News 4 it was just a couple years ago they opened two half-day day preschools. They had such a huge response that they expanded that to all schools and now even have two full-day preschools. They said all of them are at full-capacity. The new building would give the elementary schools where those preschools are now their space back and further grow the program for the growing population of young families in St. Charles.

The district already serves 5,000 students across 12 schools. 

Copyright 2016 KMOV (Meredith Corporation). All rights reserved

Watch News 4 Now

Mouse over player for controls · LAUNCH FULL PLAYER

Powered by Frankly