Shelley School District Bond Information
Ballot
SHELLEY JOINT SCHOOL DISTRICT NO. 60
BINGHAM AND BONNEVILLE COUNTIES, STATE OF IDAHO
SPECIAL GENERAL OBLIGATION BOND ELECTION
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 $78,640,000 for the purpose of financing the costs of (i) acquisition, construction, furnishing and equipping of a new high school, (ii) acquisition, construction, furnishing and equipping of a new career technical education (CTE) building and a new auditorium, and (iii) renovating and improving other existing school facilities, together with all equipment and facilities necessary to operate said buildings, 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 March 19, 2025?
The interest rate anticipated on the proposed bond issue is 3.87% per annum. The total amount estimated to be repaid over the life of the bonds, based on the anticipated interest rate, is $114,277,000, consisting of $78,640,000 in principal and $35,637,000 of interest. 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 $423 per $100,000 of taxable assessed value, per year, based on current conditions.
As of May 20, 2025, the total existing bonded indebtedness of the District,
including interest accrued, is $7,160,712.
- IN FAVOR OF ISSUING BONDS IN THE AGGREGATE PRINCIPAL AMOUNT OF UP TO $78,640,000 FOR THE PURPOSES STATED IN THE QUESTION ABOVE
- AGAINST ISSUING BONDS IN THE AGGREGATE PRINCIPAL AMOUNT OF UP TO $78,640,000 FOR THE PURPOSES STATED IN THE QUESTION ABOVE
Previous Bond Meetings
Calendar
Election Date
Tuesday, May 20, 2025
Absentee Ballots
Registered voters may submit an absentee application. The deadline for asking for an absentee ballot is May 9th. Voters can go to VOTEIDAHO.GOV to submit the request online.
All absentee ballots must be in the clerk’s office by May 9th by 5 PM.
Polling Places
Find your polling location by visiting the Idaho Secretary of State's website: Find my voting location.
May 20, 2025 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 |
Frequently Asked Questions
- What is the construction process timeline if the bond is approved May 20, 2025?
- How much more space will the new high school have compared to our current high school?
- How can I vote early (absentee)?
- What approval rate is required for a bond to pass?
- What is a homeowner's exemption?
- What cost saving measures will be taken as the school is designed?
- Which schools have the least amount of room to absorb student growth?
- If we build a new high school, how long before another school will need to be built?
- What is the property tax reduction program, also known as "circuit breaker"?
- How much will my taxes increase?
- What is our school district's current debt capacity?
- How did the district select an architect?
- How did the school district select a builder?
- What will happen with Hobbs Middle School?
- Are there plans to remove/demolish any existing school buildings?
- What are the conditions of our Current Facilities?
- Why did the district use the RFQ process?
- How have previous bond funds been spent?
What is the construction process timeline if the bond is approved May 20, 2025?
How much more space will the new high school have compared to our current high school?
How can I vote early (absentee)?
What approval rate is required for a bond to pass?
What is a homeowner's exemption?
What cost saving measures will be taken as the school is designed?
Which schools have the least amount of room to absorb student growth?
If we build a new high school, how long before another school will need to be built?
What is the property tax reduction program, also known as "circuit breaker"?
How much will my taxes increase?
What is our school district's current debt capacity?
How did the district select an architect?
How did the school district select a builder?
What will happen with Hobbs Middle School?
Are there plans to remove/demolish any existing school buildings?
What are the conditions of our Current Facilities?
Why did the district use the RFQ process?
How have previous bond funds been spent?
Potential Plans
Disclosure
The interest rate anticipated on the proposed bond issue is 3.87% per annum. The total amount estimated to be repaid over the life of the bonds, based on the anticipated interest rate, is $114,277,000, consisting of $78,640,000 in principal and $35,637,000 of interest. 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 $423 per $100,000 of taxable assessed value, per year, based on current conditions.
As of May 20, 2025, the total existing bonded indebtedness of the District, including interest accrued, is $7,160,712.