LPS Finalizing Steps To Putting Bond Issue On Ballot

LPS Finalizing Steps To Putting Bond Issue On Ballot

Deciding whether or not to spend almost $300 million dollars on an Lincoln Public School Bond issue is one step closer to making it the polls.

The LPS Board of Education moved on step closer Tuesday to a formal bond resolution required to have it be on a February 2020 ballot.

The total price tag is $290 million for two new high schools in southeast and northwest Lincoln and new elementary school in the northeast. Plus there are renovations to athletic complexes and other buildings.

LPS officials estimate the total proceeds available at $281.5 million – $7.5 million less than the cost estimates. Six million dollars would come from depreciation funds and the $1.3 million budget excess would be taken from infrastructure needs.

The first reading of the resolution will be November 26 and the final reading is December 10.