What would the bond cost?
This $180,000,000 bond is projected to cost an additional $0.92/$1,000 of assessed value annually. For the median home assessed value of $420,000, that is approximately $385 per year. Actual rates depend on market conditions when bonds are sold. This measure is on the ballot now because the District expects costs to increase. Bonds would mature not more than 26 years from issuance and may be issued in series.
State Matching Funds
Lake Oswego School District will receive State matching funds of $4,000,000 only if bonds are approved.