Stillwater Public Schools approved for $15 million in Qualified School Construction Bonds

Stillwater Public Schools approved for $15 million in Qualified School Construction Bonds

                                                                                                             

            Stillwater Public Schools approved for $15 million in Qualified School Construction Bonds. The award, which is contingent on passage of the February 8, 2011, school bond issue, will result in lower tax rates for property owners in the district. “These cost savings will reduce Stillwater property tax rates by about one mill per year for the five years of the 2011-2016 bond period,” said school district CFO Phillip Storm. By approving the bond issue on February 8, Stillwater residents will not only support our students and our educational mission for five more years, they will ensure that there is no increase in property taxes.”