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.