Added levy will fund retirement of H-M-S bonds
Amount generated to be applied to prepayment of 2018 issue
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The property tax levy for retiring a portion of the Hartley-Melvin-Sanborn Community School's bond debt will be increased during the upcoming fiscal year.
The school board voted on Monday to increase the debt levy to generate $130,000. The revenue will be used to redeem a portion of the Series 2018 bonds after June 1, 2026.
Superintendent Patrick Carlin said the revenue will help H-M-S "stay on target" to redeem a portion of bonds that were issued to finance construction of new facilities. The funds will be added to the $90,000 levied in 2019 and the $80,000 approved in 2022 that are held i...
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