If approved, how would a $224 million bond issue affect LSR7’s future bonding capacity?
While the potential $224 million no tax rate increase bond package is a significant amount, it leaves the district with bonding capacity for future projects. That means that LSR7 could continue to utilize bond issues to build projects, like the renovations for our oldest elementary schools not included in our current bond issue, without raising the debt service tax rate in the future. Assuming that growth in Lee’s Summit continues, the district anticipates that it can issue bond issues every five years without changing the tax rate. The district’s bonding capacity — even after a $224 million bond would be potentially approved — is due in part because of projected growth. And it’s also because the district has been a good financial steward, and refinanced outstanding bonds in the past to reduce interest payments.