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Shelley School District Bond Information

Proposed construction site for new Shelley High School

Ballot

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.

OFFICIAL BALLOT

SPECIAL GENERAL OBLIGATION BOND ELECTION
JOINT SCHOOL DISTRICT NO. 60,
BINGHAM AND BONNEVILLE COUNTIES, STATE OF IDAHO

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.

IN FAVOR OF ISSUING BONDS IN THE AGGREGATE PRINCIPAL AMOUNT OF UP TO $67,800,000 FOR THE  PURPOSES STATED IN THE QUESTION ABOVE

                      □

AGAINST ISSUING BONDS IN THE AGGREGATE PRINCIPAL AMOUNT OF UP TO $67,800,000 FOR THE PURPOSES STATED IN THE QUESTION ABOVE

                      □

Public Meeting

October 25 at 7:30 pm in the Little Theatre @ Shelley High School

Election Date

 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.

Absentee Ballots

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.

Absentee Ballot Request Form

Polling Places

Find your polling location by visiting the Idaho Secretary of State's website: Find my voting location.

November 7th, 2023 Polling Locations

Location Address
Riverview Elementary

1463 N 800 E, Shelley

Sunrise Elementary 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

 

Frequently Asked Questions

How can I vote early (absentee)?


Any registered voter may get an absentee ballot by submitting a signed written Absentee Ballot Request Form or by submitting an Absentee Request Online to receive a ballot by mail. The signed request may be mailed, emailed, or faxed to the elections office. Upon receiving your request, a ballot will be mailed to you as soon as one becomes available for each election in which you are eligible to vote. October 23 - November 3; face to face early voting period. October 27: Deadline to request an absentee ballot. November 7 at 8pm: deadline to submit absentee ballot. Absentee ballots may be snail mailed, left in dropbox, or submitted face to face.

What is a homeowner's exemption?


The homeowner's exemption will exempt 50% of the value of your home and up to one acre of land (maximum: $125,000) from property tax. 

What is the property tax reduction program, also known as "circuit breaker"?


If your age and income meet thresholds this program could reduce your property taxes by $250 to $1,500 on your home and up to one acre of land.

If we build a new high school, how long before another school will need to be built?


2040: The current 10 year growth rate is 1.65%. Based on the 2% growth rate per year, there will be no need to add additional class space in the district until 2040.

Which schools have the least amount of room to absorb student growth?


High School, Hobbs Middle School, and Goodsell Elementary

What is the construction process timeline if the bond is approved November 7, 2023?

Chart showing the proposed High School preliminary schedule


New High School Design/Construction Timeline

What is our school district's current debt capacity?

$72,484,391

Chart Showing Shelley School District Debt Capacity

 

 

What cost saving measures will be taken as the school is designed?


The new High School will likely mirror proven designs like Middleton, Owyhee, Ridgevue, Green Canyon, and Ridgeline high schools. This will equate to substantial savings in engineering and architectural design costs.

What approval rate is required for a bond to pass?


A bond requires a 66.67% approval rate.

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.

Market Value

Tax Increase
Annual Monthly
$100,000 $77 $6.42
$200,000 $154 $12.83
$300,000 $269 $22.46
$400,000 $424 $35.29
$500,000 $578 $48.13
$600,000 $732 $60.96

 

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. 

Bond Graph

 

Since the current Ag/CTE building will continue to be used, will students have to travel for classes there?


Yes, the new High School will be in close proximity to the current Ag/CTE building.

How soon will the new school be ready?


If the bond passes, the design process will begin by December 2023. The new High School should be move-in ready by June 2027.

How will the bond payments be distributed over 20 years?

Graph showing the bond payment schedule

 

 

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.

 

Quick Links

 

Disclosure


If the November 7, 2023 bond to build a new High School is approved:
• The interest rate anticipated on the proposed bond issue is 3.68% per year.
• 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 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.
• The term of the bonds will not exceed twenty (20) years from the date of issuance.
• As of November 7, 2023, the total existing bonded indebtedness of the district, including interest accrued, is $9,032,374.

 

Building Committee Members

Chad Williams

Lisa Marlow

Seth Cannon

Chris Zwiefel

Blake Jenson

Cole Clinger

Stephanie Balmforth

Janica Tanner

Burke Davis

Derrick Dye

Trent Armstrong

Pam Kantack