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CACHE SCHOOLS PONDER TAX HIKE, ISSUANCE OF A $20 MILLION BOND

SHARE CACHE SCHOOLS PONDER TAX HIKE, ISSUANCE OF A $20 MILLION BOND

Cache County school officials want to raise property taxes so they can issue $20 million in bonds to fund a number of school building and remodeling projects.

The board hopes to put the issue to voters in the November general election, said Superintendent Larry Jensen.Without the bond, Jensen warned, the board could be scrambling to take care of projects such as the district's top building priority: replacing an outdated building on the River Heights Elementary School campus.

Board members said they hoped to issue the call for a bond election at their Aug. 2 meeting.

If ultimately approved by voters, the bond would be issued less than three years after the district's last $18 million bonding venture. Last year the district built three new schools and added a swimming pool at Mountain Crest High School.

Jensen said interest rates are better now than they were then.

Even so, the district would have to raise property taxes to pay for the bond. Jensen was quick to point out that any hike implemented would likely not offset a property tax cut approved by the Utah Legislature earlier this year.

Preliminary estimates show that even with the bond, taxpayers in 1996 would pay less in property taxes than they did in 1994, Jensen said.