Gladstone Schools refinances bonds, saving taxpayers thousands

The Gladstone School District recently refinanced the remaining bonds from the 2006 bond issue, totaling $15.9 million dollars. The sale will save the taxpayers over 5 percent, a total of $805,040.

Taxpayers will notice the savings beginning in the 2024 tax year, when they will see savings of approximately 22 to 24 cents tax per thousand dollars of a home’s assessed value.

The 2006 bond, approved by voters, funded creation of the Gladstone Center for Children and Families, renovations at John Wetten Elementary and Kraxberger Middle School, and a major remodel of Gladstone High, including the addition of a fine and applied arts wing.

Posted August 2014