The District’s proposed bond is for $245 million to build six new schools in areas experiencing the most extreme growth. The cost for an average homeowner would be $16.80 per year and after a few years, payments for bond debt would go down. That’s because Jordan is close to paying off old bond debt. In fact, we have the lowest voter authorized bond debt per student in the entire state.
There are eight school districts in Utah with no voter approved bond debt. Jordan refinanced our bond debt in 2014 saving District taxpayers more than $5.2 million in interest. We are now on track to pay off all general obligation bond debt in 2020, more than two years ahead of the original schedule. Take a look at how we compare to other school districts along the Wasatch Front in this graph.
