Sound Off: Debt per student
<b> According to the school district bond issue planning web site, the Lawrence school district had $55,555,000 bonds outstanding as of June 30, 2011. The new $92.5 million bond will not increase the tax levy, so how much will the total bond indebtedness be when the bond passes and what will that make the debt per student? </b>
If the proposed $92.5 million bond issue passes, the total bonded debt of the Lawrence district after Sept. 1, 2013, when the district makes its next scheduled payment, would be approximately $146,065,000. The debt-per-student ratio would be approximately $12,384, based on official enrollment this year of 11,835.