Shelley School District Bond Information
Below is a sample of the official ballot. You can go to VOTEIDAHO.GOV to make sure you're registered to vote, check your polling location, and request an absentee ballot.
SPECIAL GENERAL OBLIGATION BOND ELECTION
November 7, 2023
QUESTION: Shall the Board of Trustees of Joint School District No. 60, Bingham and Bonneville Counties, State of Idaho (the “District”), be authorized to issue general obligation school bonds of said District in the principal amount of up to $67,800,000 for the purpose of financing the costs of (i) acquiring and constructing a new high school and (ii) renovating and improving other existing school facilities, together with all equipment and facilities necessary to operate said building, facilities and improvements and costs and expenses related thereto, such bonds to become due in such installments as may be fixed by the Board, the final installment of such bonds to come due not later than twenty (20) years from the date of issuance, all as provided in the Resolution adopted by the Board on August 17, 2023?
The interest rate anticipated on the proposed bond issue is 3.68% per annum. The total amount estimated to be repaid over the life of the bonds, based on the anticipated interest rate, is $65,748,000, consisting of $67,800,000 in principal and $31,188,250 of interest, less $33,240,250 in estimated bond levy equalization payments. The term of the bonds will not exceed twenty (20) years from the date of issuance.
The estimated average annual cost to the taxpayer on the proposed bond levy is a tax of $259 per $100,000 of taxable assessed value, per year, based on current conditions. However, the District expects to receive from the State of Idaho school district facilities funds each year that will reduce the annual payments on all bonds. Therefore, the annual levy for all of the District’s bonds, including the proposed bonds, is expected to be $221 per $100,000 of taxable assessed value, per year, based on current conditions.
As of November 7, 2023, the total existing bonded indebtedness of the District, including interest accrued, is $9,032,374.
October 25 at 7:30 pm in the Little Theatre @ Shelley High School
Tuesday, November 7, 2023
In Person Early Voting
In person early voting is October 23rd - November 3rd. A voter may register AND vote the same day.
Registered voters may submit an absentee application. The deadline for asking for an absentee ballot is October 27th. Voters can go to VOTEIDAHO.GOV to submit the request online.
All absentee ballots must be in the clerk’s office by November 7th at 8pm.
Find your polling location by visiting the Idaho Secretary of State's website: Find my voting location.
November 7th, 2023 Polling Locations
1463 N 800 E, Shelley
|200 E Fir St, Shelley
|Bingham County Courthouse
|501 N Maple, Blackfoot
|4-H Education Complex
|1542 E 73rd S, Idaho Falls
|New Sweden Hall
|5990 S 45 W, Idaho Falls
|Waterfront (Snake River Landing)
|1220 Event Center Drive, Idaho Falls
How can I vote early (absentee)?
What is a homeowner's exemption?
What is the property tax reduction program, also known as "circuit breaker"?
If we build a new high school, how long before another school will need to be built?
Which schools have the least amount of room to absorb student growth?
What is the construction process timeline if the bond is approved November 7, 2023?
What is our school district's current debt capacity?
What cost saving measures will be taken as the school is designed?
What approval rate is required for a bond to pass?
How will this bond affect my property taxes?
The following table reflects the tax increase from tax year 2024 to tax year 2025, taking into account the homeowners exemption.
The below table represents the tax levy rates without homeowners exemption. Tax years 2024, and 2025 are reflecting House Bill 292 (property tax relief), therefore the tax burden in 2025 if the bond passes will be similar to the 2022 tax burden.
Since the current Ag/CTE building will continue to be used, will students have to travel for classes there?
How soon will the new school be ready?
How will the bond payments be distributed over 20 years?
How many more rooms will the new high school have than our current high school?
Around 10: The new high school has not yet been designed but, based on square footage, we are predicting it will have about 10 more classrooms.