Details of 2016 School Bond Recommendation

The Issaquah School District Superintendent provided the Board of Directors the following recommendation and rational for his recommendation on Wednesday,  June 24, 2015 during a Board work study session.

Rationale for Superintendent $533,500,000 School Bond recommendation:

Following a review of the projects, and building on the great work adopted by the 2016 bond feasibility committee, Mr. Thiele decided to make two changes to the proposal adopted by the committee.

The first is an increase in the contingency/future project reserve by $8M, an increase from the $12M in the committee adoption.  This was added due to the heightened concern about the inflationary environment that may take place during the construction of the proposed projects.

The second increase in the Superintendent’s recommendation was an additional $7M for the expansion of Clark from its currently planned 28 classrooms to 32.

The result is a bond proposal that now totals $533.5M (a net increase of $15M) from the committees adopted proposal.  The tax impact is an estimated $.03/1000 beginning in 2021 and ending in 2028.

Bond recommendation materials can be found online at 2016 School Bond Feasibility.

Community comments can be given in person at a School Board meeting or via email to schoolboard@issaquah.wednet.edu

Next School Board meeting is Wed. Oct. 14, 2015 at ISD Admin Board Board – 565 NW Holly Street, Issaquah, WA 98027