A BRIEF HISTORY OF: Bond debt at Columbia Public Schools
- Details
- Written by Mike Martin
In 2007, a sudden jump from a long-running average COLUMBIA, 3/31/12 (Beat Byte) -- Debts that Columbia Public Schools uses for construction and other tasks are packaged and sold to investors in the form of bonds that must be repaid. A 20-year history of bond debt at CPS shows an average $20.2 million every two years from 1992-2007. During that 15-year period, CPS built four new schools and expanded Rock Bridge High School, all for $41 million.
After 2007, bond debt shot skyward. So, apparently, did the cost of building a school. Here's a look at the history, culled from news reports and CPS records.
1992 -- $15 million bond, including $7.2 million to build Gentry Middle School.
1994 -- $12.6 million bond, including $7.5 million to build Smithton Middle School.
After 2007, bond debt shot skyward. So, apparently, did the cost of building a school. Here's a look at the history, culled from news reports and CPS records.
1992 -- $15 million bond, including $7.2 million to build Gentry Middle School.
1994 -- $12.6 million bond, including $7.5 million to build Smithton Middle School.
1996 -- $12.75 million bond, including $8.3 million to build Lange Middle School.
1998 -- $19.9 million bond including $7.8 million to expand and renovate Rock Bridge HS.
2000 -- $35 million bond, including $10.7 million to build Paxton-Keeley Elementary School.
2002 -- $23.8 million
2004 -- $22.5 million
Now, bond debt is doing this:
2007 -- $60 million, including roughly $40 million to build Alpha Hart Elementary
2010 -- $120 million, including roughly $80 million to build Battle High.
Voters will be asked to approve:
2012 -- $50 million
2014 -- $50 million
2016 -- $40 million
2018 -- $40 million
2020 -- $40 million
RELATED:
http://www.columbiaheartbeat.com/index.php/cps/99-0112124
http://www.scribd.com/doc/82629006/CPS-10-Yr-Bond-Plan
