Coeur d’Alene considers supplemental levy, bond issue

Coeur d’Alene’s supplemental school levy comes off the books next year — and on Monday night, school trustees started talking about their options.

According to the Coeur d’Alene Press, here’s what could be on the menu:

  • Another supplemental levy, perhaps on the order of $30 million over two years. Voters approved a two-year, $30 million levy in March 2015 — and according to Press reporter Bethany Blitz, the district will “almost certainly” go after a renewal in 2017.
  • A bond issue for school building projects. Due to population growth and low interest rates, a $30 million bond issue would not trigger an increase in property tax rates, financial consultant Eric Heringer told trustees. Still, a bond issue is a heavier lift at the polls; it requires a two-thirds supermajority, while supplemental levies require only a simple majority to pass.

March is the earliest the district could seek a levy or bond issue.

Trustees will hold a workshop on Oct. 24 to continue discussing their options.

 

 

 

Kevin Richert

About Kevin Richert

Senior reporter and blogger Kevin Richert specializes in education politics and education policy. He has more than 30 years of experience in Idaho journalism. He is a frequent guest on KIVI 6 On Your Side; "Idaho Reports" on Idaho Public Television; and "Idaho Matters" on Boise State Public Radio. Follow Kevin on Twitter: @KevinRichert. He can be reached at [email protected]

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