Informational meeting set for Morenci school bond 3.19
An informational meeting is scheduled March 27 regarding Morenci’s school bond issue. The meeting will begin at 7 p.m. in the middle school library.
The “Vote Yes” committee—Joe Farquhar, Adam Johnson, Penny Baumgartner and Carrie Dillon—will attend the meeting to answer questions about the bond issue and information sheets will be available for district residents to take home.
The Morenci Board of Education is seeking approval from taxpayers to leave the existing middle school millage rate at its current level for five years.
The millage is scheduled to begin dropping from the original 7.0 mill rate this year. By leaving it unchanged for five years, the board could tackle $1.4 million worth of maintenance needs.
The bond would cover the cost of work at the elementary school, constructed in 1957, and the high school, constructed in 1969. It would pay for various other needs including replacement of the deteriorating running track.
Board members see the bond as a means of paying for maintenance work that has to be tackled eventually, but doing it without an increase in existing debt millage.
The bond would cost the owner of a $100,000 home less than $40 a year over the five-year period.
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