Report: Decatur School Board will ask for $75 million bond referendumCity Schools of Decatur Board of Education. File Photo by Carey O'Neil
The Atlanta Journal Constitution reports that City Schools of Decatur Superintendent Phyllis Edwards has convinced School Board members to seek a $75 million bond referendum to pay for school construction.
By borrowing $75 million, CSD would be able add new facilities to meet 93 percent of the system’s projected enrollment. It would raise taxes on a $500,000 home by $680 per year.
The current enrollment is about 4,000 students. All of the general obligation bond estimates predict a total enrollment of more than 6,000 by 2020.
According to a survey being conducted by the city, about 69.5 percent of 395 people who responded would support a $75 million referendum. The survey found 81.4 percent would support a $60 million referendum.
School Board members have gone back and forth on the amount they’d like to ask voters to approve. The board members had considered asking for an $82 million GO referendum, but backed away from that idea during a Feb. 23 School Board meeting.
Edwards recently announced she would be resigning as the city’s superintendent.