Counting on a funding bond for new school
Clerk validating petition signatures
by Doug McMurdo and Nathaniel Smith
The Times-Independent
Nov 29, 2018 | 730 views | 0 0 comments | 26 26 recommendations | email to a friend | print


The fate of a signature petition to put the funding of construction of a new Grand County middle school before voters remained unknown as The Times-Independent went to press Wednesday afternoon, Nov. 28.

Grand County Chief Deputy Clerk Jana Smith said she didn’t expect the results to be finalized until the end of the week.

School Board Chair Melissa Byrd said she’d heard that upwards of 1,400 signatures had been gathered as of the deadline, which had been extended to Monday, Nov. 26. Superintendent JT Stroder told The Times-Independent that a petition effort to require a vote on a General Obligation Bond would require about 1,070 valid signatures. “If it received enough signatures, then a Local Building Authority will not be possible,” said Stroder. “Construction after that point is hard to say. The board would have to make a decision if they wanted to pursue a general obligation bond or not,” said Stroder.

As reported in the Nov. 22 edition, a group of residents filed the petition in an effort to put the issue on the ballot. They opposed the Grand County Board of Education’s decision to use a Local Building Authority to fund construction rather than let voters decide through the more traditional General Obligation bond.

Only the General Obligation Bond funding method requires voter approval. While GOB’s generally carry a 3 percent interest rate, LBA’s carry 3.5 percent.

The school board argues the LBA method has gained acceptance over the past decade, noting 32 other Utah school districts have gone that route over that time. Board members also believe it was important to lock in the rate now rather than later, when construction costs will likely be higher.

Petitioners counter the extra one-half percent in interest amounts to more than $1 million in costs.

Log in to The Times-Independent online at www.moabtimes.com for the latest news on this issue.


Copyright 2013 The Times-Independent. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

report abuse...

Express yourself:

We're glad to give readers a forum to express their points of view on issues important to this community. That forum is the “Letters to the Editor.” Letters to the editor may be submitted directly to The Times-Independent through this link and will be published in the print edition of the newspaper. All letters must be the original work of the letter writer – form letters will not be accepted. All letters must include the actual first and last name of the letter writer, the writer’s address, city and state and telephone number. Anonymous letters will not be accepted.

Letters may not exceed 400 words in length, must be regarding issues of general interest to the community, and may not include personal attacks, offensive language, ethnic or racial slurs, or attacks on personal or religious beliefs. Letters should focus on a single issue. Letters that proselytize or focus on theological debates will not be published. During political campaigns, The Times-Independent will not publish letters supporting or opposing any local candidate. Thank you letters are generally not accepted for publication unless the letter has a public purpose. Thank you letters dealing with private matters that compliment or complain about a business or individual will not be published. Nor will letters listing the names of individuals and/or businesses that supported a cause or event. Thank you letters about good Samaritan acts will be considered at the discretion of the newspaper.