Quincy School Board approves levy, life safety bonds

QUINCY — The Quincy School Board approved the 2023 tax levy and selling more than $7 million in life safety bonds at Wednesday’s meeting.

While the Board approved a rate decrease from $3.96 to $3.88 per $100 in assessed valuation, an anticipated spike in property value now estimated by the county to exceed 8 percent will still generate an additional $3 million in property tax funding, up to $45 million to be collected in 2024.

Board members also approved selling $7.2 million in life safety bonds to fund capital projects around the district.

Director of Business Operations Ryan Whicker said the process to execute the bond sale should take about two months, which includes due diligence calls, rating calls with the bond rating agencies and then a preliminary offer statement that goes out to the potential buyers of bonds.

The bulk of the funding will go toward HVAC, electrical and lighting work at Quincy High School, primarily in E Building. Other buildings receiving attention include Quincy Junior High, Flinn Stadium, Early Childhood and Baldwin Elementary.