GO Bond FAQ continued
As the mail in ballots have been delivered to the voters, please take some time to become informed on the Kane School District General Obligation Bond by reading the General Obligation Bond flier or accessing additional information on KSD webpage https://kanek12.org/
Why is the district considering a new school at this point in time?
- General Obligation interest rates are very low (approximately 2.19%).
- Based on architectural recommendations and the Utah State Fire Marshal’s Office, a new building is necessary.
- Construction costs have continued to increase at a rate of 13% per year.
- Kane School District will use the revenue from the Voted Local Levy that was approved by voters in 2013 to pay the debt incurred for the new Kanab Elementary School with NO TAX INCREASE.
Superintendent Kane School District