The District’s proposed bond is for $245 million to build six new schools in areas experiencing the most extreme growth and to bring relief to schools throughout JSD. 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.
So what happens if there is new debt from a $245 million bond? Well, our debt per student would go up, however it would still be lower than all but two school districts along the Wasatch Front. As you can see in the chart below, when JSD’s old bond debt is paid off in 2019-20, we would still have less debt per student than Alpine, Davis, Murray and Canyons school districts. In fact, among the 33 districts with voter-authorized debt, we currently have the lowest bond debt per student in the entire state. With the proposed new bond we would still be the third lowest in Utah.
If you would like to see a list comparing debt per student for all districts in Utah, please see our District Dollars page.
