It is with great excitement the Bald Knob School District announces the opportunity for our community to partner with the district and the Arkansas Division of Public Schools Academic Facilities & Transportation. Together, we look to the future of Bald Knob and support the construction of a new elementary school and the relocation of interior power lines underground on the south side of the campus.
At a regularly called board meeting on May 23, 2022, the school board voted unanimously to proceed with a special election on August 9, 2022. The district is seeking approval to (1) extend the existing 13.5 debt service mills for 23 additional years, (2) increase debt service mills by 5.75 mills, and (3) refinance four existing bond issues. If passed, the total millage rate in the district will be 44.25 mills. This will be levied at the end of 2022 and collected in 2023. The combined millage for debt service is expected to generate $19.3 million in project funds.
The Arkansas Division of Public Schools Academic Facilities & Transportation approved partnership funding, a state-contributed amount, totaling $5,173,114.76 toward the construction of a new elementary school and $780,963.47 toward the relocation of interior power lines underground.
These projects represent an amazing opportunity for the Bald Knob School District to partner with the community. The possibilities are great, and the results will be remarkable. The district looks forward to collaborating with the community to meet the needs of students. Community meetings will be held to share the vision of the building project, explain the project process, and to communicate about next steps.
As always, today, and every day, is a great day to be a Bulldog!